Abra was found in 2014 in the Silicon Valley by Bill Barhydt, a former software engineer for Goldman Sachs and former director of Netscape.[1][2]
In February 2017, Abra expanded its business in the Philippines remittance market and began to establish itself as a secure remittance application. The market had a value of over $500 Billion, mostly due to a large number of Filipino workers going abroad and sending money back to their families. Barhydt and his team took advantage of this opportunity by offering an inexpensive remittance service through the Abra app.[3]
In March 2018, Abra added support for 20 new cryptocurrencies including Litecoin, Ether, Vertcoin, Bitcoin Cash and Stellar.[4] Abra also began expanding onto social media, primarily YouTube, by posting informative videos on everything regarding cryptocurrencies. Barhydt started a series on YouTube entitled Crypto Bites, where he meets with some of the most famous and influential crypto leaders. These talks included Ethereum founder Vitalik Buterin, Bitcoin Cash supporter Roger Ver, Zcash creator Zooko Wilcox, Bitwise CEO Hunter Horsley, and venture capitalists Tim and Adam Draper. In June 2018, Abra was listed in The Wall Street Journal as one of the "Top 25 Tech Companies to Watch in 2018".
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