The cryptocurrency wallet application Abra is making it easier to convert US dollars to crypto through new banking integration technology. The company announced a partnership with the fin-tech company Plaid on Thursday, allowing users to connect their US banks with the Abra app for investment purposes.
Previously, moving dollars to crypto required a bank transfer on the Abra app. With the help of Plaid’s technology, thousands of banks are now available within the app to facilitate transactions. Abra founder and CEO Bill Barhydt called the move a step towards further democratizing access to financial services in an announcement post on the company’s site.