Press Release: Abra and Simplex partner to reduce fees on crypto credit card purchases through August 31, 2019

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Campaign aimed at increasing the adoption of digital currencies to access new stock and ETF investing features on Abra


Mountain View, CA — July 10, 2019— Abra, the world’s first global investment app, and Simplex, a leading payment processing company, today announced a limited time promotion to help investors around the world easily convert fiat-to-crypto using a credit card with reduced fees.

The special offer lasts until August 31, 2019, and enables investors across the globe to start investing in digital assets using a credit or debit card for a reduced, 4% transaction fee.  

“One of the biggest obstacles for the mass adoption of cryptocurrency is the ease of actually buying the cryptocurrency,” said Bill Barhydt, founder and CEO of Abra. “Our integration with Simplex provides fast and easy access to crypto for users around the world using a credit or debit card. Once purchased, users can start investing in any of the 100 assets on Abra, including popular stocks and ETFs*.”

“We fully support Abra’s mission of global financial access with its recent launch of stock and ETF investing capabilities,” said Nimrod Lehavi, co-founder and CEO of Simplex. “We’re excited to offer this promotion to help more investors access this revolutionary new product.”

Abra’s recent launch of a new equities investment feature enables investors in over 150 countries to make fractional investments in such popular stocks as Tesla, Facebook, Apple, Netflix, Google, and recent IPOs such as Uber and Lyft.  For a complete list of investment options, please visitwww.abra.com

About AbraAbra is the world’s first global investment app. Unlike other investment apps, cryptocurrency exchanges or wallets, Abra’s non-custodial model is built by the Bitcoin blockchain using smart-contract technology, which means it’s secure, private, and gives users control of their money. The company empowers consumers to invest in 30 crypto assets, 50 fiat currencies and 50 traditional equities all within a single, easy-to-use app. Abra users can also quickly exchange multiple crypto or fiat currencies and instantly transfer currencies to other Abra users.  Founded in 2014 and headquartered in San Francisco, Abra is available in over 150 countries. Investors include American Express Ventures, First Round Capital, Foxconn Technology Group, Arbor Ventures, Lerer Hippeau, RRE Ventures, Silver 8 Capital and many others. For more information, visithttps://www.abra.com/  About SimplexSimplex is an EU licensed financial institution providing fraudless payment processing solutions worldwide. Simplex processes credit card payments with a 100% guarantee — in case of a fraud chargeback, the merchant gets paid by Simplex. Our cutting-edge fraud prevention solution and proprietary state-of-the-art AI technology blocks fraudulent users and allows legitimate users to complete payments with ease, increasing conversion rates and enabling merchants to focus on growing their business.

* The equity investing services described herein are provided by Plutus Technologies Philippines Corporation (Abra International). You are not allowed to access or use the services of Abra International if you are located, incorporated or otherwise established in, or a citizen or resident of: The United States of America, Cuba, Iran, North Korea, South Sudan, Sudan, Syria and Ukraine. Persons or businesses in these countries or in any jurisdiction where it would be illegal according to applicable law (by reason of nationality, domicile, citizenship, residence or otherwise) are forbidden to access or use the services of Abra International.

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