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Investors from more than 155 countries will now be able to buy fractional high-priced shares, such as Apple, Amazon and Google, as well as exchange-traded funds through Blockchain and Bitcoin Smart Contracts.
The provider of encryption exchange services and portfolio Abra announced Wednesday that a new feature of its cryptography application would offer a zero trading fee for the rest of the year on investments in stocks and ETFs.
Abra currently allows users to invest in more than 30 cryptographic currencies and 50 fiduciary currencies. With this new feature, the platform leverages blockchain technology to allow users to invest at least $ 5 in major technology stocks. Investors will also have access to commodities such as SPDR Gold Trust as well as ETFs such as Vanguard Growth and the Rusell 2000 Index.
The new feature effectively fuses the blockchain with traditional investments, allowing users without a traditional brokerage account to gain access to the market. Abra circumvents the regulations by technically retaining user funds in Bitcoin and using a "contract based on guarantees".
"If you're currently using Abra to keep euros, or monero or zcash in the Abra app, you're actually getting what we call a crypto-collateralised contract. It basically takes bitcoin and binds it to the value of the badet you want to be exposed to.
Whether it's the euro, Monero or Zcash – with this new announcement that Apple shares, it makes no difference. That means if you buy $ 1,000 from Apple and you use bitcoin to close the deal, if Apple's price goes up, you get more bitcoins. If Apple's price goes down, you get less bitcoins. "
To take advantage of zero transaction fees, users must sign up for early access.
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Disclaimer: Daily Hodl's advice is not investment advice. Investors should exercise due diligence before making high-risk investments in Bitcoin, Cryptocurrency or digital badets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling crypto-currencies or digital badets, and the Daily Hodl is not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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