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Abra enables VISA and MasterCard option to buy bitcoin

The Visa/MC options are thanks to a new partnership with Simplex.

Abra, an all-in-one app allowing users to buy, sell and hold bitcoin and other crypto assets today announced users can now buy bitcoin with a VISA or MasterCard, the option is also enabled via the Abra app.

Up until now, Abra users have been able to fund their wallets using a lot of different methods, including bank and wire transfers, or by transferring cryptocurrency purchased elsewhere. Additionally, users based in the US have been able to make bitcoin credit card purchases using American Express.

All of those options are still available, but now users will also be able to use both VISA and MasterCard credit or debit cards to make bitcoin purchases. Some of the advantages of the new credit/debit card set up are the buy limits, the time it takes, and the accessibility.

A few key features of buying bitcoin with a credit card or debit card through Abra:

  • Bitcoin buys can range from $50 to $20,000 at a time.
  • Buyers can direct their bitcoin buys to any wallet supported wallet, or set up a new wallet with Abra, which enables investing access to 24 altcoins and 50 fiat currencies.
  • The purchased bitcoin is usually available in 20 to 30 minutes, depending on blockchain processing times.

With certain exceptions, this new service option is available across the globe.

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