Weekly Blockchain News with Mammycrypto Oct 31st 2020

It is pivotal to be on top of the major crypto news and be on top of our game, especially in the next upcoming weeks. Since Paypal recently announced its dive into the crypto realms, the markets have reacted positively to the news leading to a break in resistance and ending the week with Bitcoin stabilizing above $13,000. Let's see how many days we can stay above it or if Bitcoin is heading for a major take-off and how it will react to the US upcoming election results.
If you follow my blog, you are probably up to date. I am very passionate about cryptocurrencies and blockchain technology and spend a lot of my time researching the most current topics on social media and crypto headlines around the world. In this weekly article, I make sure to curate the most significant ones for you.
Below are a video and a list of headlines and topics that I picked for this week ending on Halloween, Saturday, October 31th 2020. Hope you enjoy this quick summary and please use the links below to acc…

ABRA - A Crypto transfer app offering $25 dollars upon registration. Learn more about the advantages of ABRA

The first time I heard of Abra's App was during the Litecoin Summit event. There I had the honor to attend the speech of Vice President Willie Wang and learn more about the ABRA product. Soon in the lecture I found the application / exchange / wallet very practical because it unites these three utilities.


After using it I found many advantages, especially in the level of security and speed. Before describing all these advantages I would like to mention that at the moment the application is offering $25 dollars to all people who register, validate their account and make a $5.00 deposit. For all the details access this reference Link 

What is ABRA?
Abra is an application that allows people to invest in 20 crypto currencies and 50 fiat currencies using "Smart contracts" through the Bitcoin and Litecoin network. That's it! when we think of smart contracts we did not imagine that this would be possible using the Bitcoin and Litecoin network but fortunately this is already a reality.

How does it work?
A Abra is very similar to other crypto currency transfer platforms. In the application you can send and receive payments. Residents of the United States can transfer amounts directly from their bank accounts and others can add funds to their account using Bitcoin, Litecoin and Ethereum

In addition to serving as a transfer platform, Abra also provides an internal exchange for investments in 20 crypto coins and 50 "Fiat" coins. Besides safe the exchange rate price is one of the most competitive in the market.

The advantages:

1.Price low transaction fees

Sending and Receiving Payment: Free
Deposit or Withdrawal of funds using (Bitcoin, Bank, Litecoin): Free
Deposit or withdrawal in cash: "Small fee"
Deposit using American Express: 4%
Exchange rate: 1% more than found no XE.com

2. Safety
Abra is a non-custodial portfolio. You have to write your private key and keep it safe, and you have full control of your funds at all times. This is a great novelty among crypto coin purses because none of them has this feature.
This is possible because Abra creates a synthetic currency that follows the price of the platform's crypto currencies using Litecoin Blockchain's smart contract. With this you can invest in 70 different currencies without having to create an individual portfolio for each.

3. Speed
Transactions process faster than any other exchange

Final Note
To get started, download the application and follow the step-by-step instructions. This project was one of the great surprises revealed by Charlie Lee, creator of Litecoin. This is great news for Litecoin crypto currencies in general.


For more "Crypto news" visit  Mamaecrypto's Blog

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Disclaimer

My opinions are simply my opinions and not investment advice. I strongly recommend everyone in the crypto realm to do their own research and get very educated about risks and security before acquiring, earning or investing. The content in this blog/ website is not investment advice. Please note that this web site also features sponsored content.

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