Bill Barhydt, CEO of crypto wallet provider and payment startup Abra, believes that consumer cross-border payments and remittance services at scale continue to be a struggle for many crypto firms. Barhydt made his remarks during an interview with blockchain news source Breaker Mag on Jan. 30.
As Barhydt outlined, Abra — which counts around 500,000 users in over 100 countries, and supports 30 crypto assets and 50 fiat currencies — was founded with the aspiration to create a crypto-based global bank, which would enable worldwide, frictionless money transfers and credit services.