Monero [XMR] made headlines after becoming one of the first digital assets to obfuscate users’ identities, while also offering secure and faster transactions. The decentralized cryptocurrency recently recorded a value correction, following a botnet attack which was used to mine XMR worth $250,000. The attack resulted in increased competition among existing miners, eventually taking a toll on the ecosystem.
Bill Barhydt, CEO and Founder of Abra, had recently announced an AMA session and tweeted,
“The @AbraGlobal product team is hosting an AMA right now. This is a rare opportunity to go right to the source of Abra wisdom.”
Willie Wang, VP of Product, and Matt Helmer, PM at Abra, highlighted their intention to discuss the latest feature that opens a way for non-U.S. users to invest in stocks and equities using Bitcoin. Further, the company’s CEO, Bill Barhydt, discussed synthetic assets with Douglas Tuman, host of Monero Talk.
It was during this podcast that Barhydt hinted at the expected integration with Abra, a renowned platform for global investments using Bitcoin [BTC]. To expand operations globally, the app-based company kicked off 2019 by starting its fractional investment services through BTCs that are currently available only for non-U.S. customers across 150 countries. Abra’s development team has worked towards building an all-in-one app for money transfers and payment practices such as investing, lending and borrowing.