Hello friends of Steemit! Today I come to talk to you about Abra, a wallet for Bitcoin that you can use from your mobile.

So far there seems to be nothing surprising, right? Well let me tell you that you are very wrong. Next, I will enunciate a series of points for which Abra will cause the demand of the cryptocurrency to fire up to the moon.

FIRST OF ALL, WHAT IS ABRA?

Abra is a wallet that you can access from your mobile phone: the application allows the user to keep their own private keys, invest in more than 30 cryptocurrencies and is available for 155 different countries, accepting a large number of coins. Do you want to know why the demand for cryptocurrencies will increase? If you want to know more about Abra, watch this Keizer Report video.

USE OF BITCOIN AS A CONTABLE UNIT

First of all, explain that it is an accounting unit: it is an abstract measure in which to measure goods and services economically, which, translated into day to day, would be synonymous with currency. In the EU, for example, the accounting unit is the euro, since it is the currency of daily use, in which invoices are paid and salaries are paid.

There have been attempts by the crypto community to make Bitcoin recognized as an accounting unit: however, the excessive volatility of the asset has hindered its adoption as such.

Abra comes to solve that problem. How? Well, establishing Bitcoin as an accounting unit in the sale of shares and products.

In the app, you can buy shares of Apple and receive the counterpart in Bitcoin. An example: if you invest $ 3,600 in Apple and stocks increase by 10%, in the usual scenario you would have $ 3960. However, with Abra, the shares are not revalued against the dollar, but against Bitcoin. Those same shares of Apple, would have been bought by 1 BTC and to sell them 10% more expensive, we would have 1.1 BTC-calculations made according to the quote of $ 3600 today-.

Therefore Abra, allows Bitcoin to make a hole as a currency in the financial scenario.

For those who register these days in Abra, 2019 will be a year free of commissions. The minimum investment is $ 5, which opens the door to the democratization of the financial market. Currently, 50% of Wall Street shares are controlled by 1% of the population, so it is clear that applications like this are more than necessary.

POSSIBILITY OF INVESTING IN ETF

With Abra you can invest in assets such as gold and silver without commissions, without paying expensive brokers or taking unnecessary risks. Just save your private keys, configure your security pins and you will be the owner of your future.

WORKING FROM INTELLIGENT CONTRACTS

Abra does not act as an intermediary in the stock exchange transferring the shares to the buyer's account, but instead schedules an intelligent contract so that the amount of the investor's Bitcoins moves according to the market price. What does this mean? In what is the application itself who is responsible for the KYC (Know your customer) policies of identity verification.

The user will not have to answer for the ownership of the shares if the legislation of his country is hostile to it, as these will be owned by Abra and this company will be in charge of the precise legal procedures. Also, the ownership of the contract remains in the hands of the user, with what the sovereignty of the Bitcoins would remain in your hands.

And here the post today.

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