Published on September 16th, 2015 | by bitcoin0
Abra Raises US$12m in Funding in Effort to Zero In On Bitcoin Remittance
One of the latest companies to receive (another) round of funding is Abra, a platform focusing on the Bitcoin remittance market.
Abra Brings Bitcoin Remittance to New Levels
The name Abra is not known to that many people, despite the Bitcoin startup unveiling its plans in March of 2015.
Rather than looking at Bitcoin remittance from a mobile perspective, Abra will offer much more potential than just that.
This round of funding for Abra comes at an opportune time, as former Bitcoin remittance company Beam announced they will no longer offer a remittance service tied to Bitcoin.
Even though Beam has not given up on Bitcoin just yet, the company feels Bitcoin remittance was not viable at this time.