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RETAIL REPORT: Abra and Simplex Seek to Reduce Fees on Crypto Card Purchases
Traders Magazine Online News, July 10, 2019
Abra, the world’s first global investment app, and Simplex , a leading payment processing company, today announced a limited time promotion to help investors around the world easily convert fiattocrypto
using a credit card with reduced fees.
The special offer lasts until July 31, 2019, and enables investors across the globe to start investing in digital assets using a credit or debit card for a reduced, 4% transaction fee.
“One of the biggest obstacles for the mass adoption of cryptocurrency is the ease of actually buying the cryptocurrency,” said Bill Barhydt, founder and CEO of Abra. “Our integration with Simplex provides fast and easy access to crypto for users around the world using a credit or debit card. Once purchased, users can start investing in any of the 100 assets on Abra, including popular stocks and ETFs*.”
“We fully support Abra’s mission of global financial access with its recent launch of stock and
ETF investing capabilities,” said Nimrod Lehavi, cofounder and CEO of Simplex. “We’re excited
to offer this promotion to help more investors access this revolutionary new product.”
Abra’s recent launch of a new equities investment feature enables investors in over 150 countries to make fractional investments in such popular stocks as Tesla, Facebook, Apple, Netflix, Google, and recent IPOs such as Uber and Lyft.
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