The bitcoin wallet with its own network of human tellers around the world, Abra, has just integrated a new way of buying bitcoin inside its app. American Express cards have been added as a funding option in addition to cash and bank accounts.
Also read: Abra Now Offers Deposits and Withdrawals at 60+ US Financial InstitutionsIntegration with American Express
Bitcoin wallet and payments service provider Abra announced a new feature on Tuesday to let customers fund their Abra wallet using American Express (Amex) cards. The company explained:With this new funding option, American Express card members can now add funds to their Abra wallets immediately and send payments worldwide. This feature will be made available to a small group of Abra wallet users today and will be rolled out to our entire user base in the coming days.
Users need to already have an Amex card to use this option and they cannot sign up for one within Abra. In its announcement, the company provides information on how customers can sign up for an American Express card online.Fees and Limits
Abra recently updated its fee schedule. The company advertises “no transfer fees. Plus, sending money using your bank account, Abra wallet balance or your Bitcoin wallet is always free.”
However, adding funds via an Amex credit card has a 4% fee. Adding or withdrawing funds via an Abra teller also has a fee starting at 1.5%, that goes directly to the teller. “When you add funds using cash a...