Abra is adding support for ethereum

Bitcoin wallet app Abra announced today that is adding suport for ethereum.

According to coindesk, the move to integrate the world’s second-largest cryptocurrency by market capitalization was unveiled at CoinDesk’s Consensus: Invest event in New York. According to founder and former Netscape director Bill Barhydt, the ethereum functionality will be available within the week, alongside the options for bitcoin and dozens of government-issued currencies.

In addition to ethereum, Abra is also beefing up its wallet app’s storage capabilities, allowing users to hold multiple currencies at a given time.

Barhydt said:

“You can store access to ethereum and store three different wallets at the same time, so dollars, bitcoin and ethereum all at the same time. And we believe this is the first time this has all been possible in a non-custodial wallet.”

The wallet app maker – which came out of stealth mode in 2015 and raised a $12 million Series A funding round that fall – is also moving to add support for multi-signature transactions as well.

Abra currently uses a single signature model, by which a user signs transactions with their associated private key. By using a “two-of-two” multi-sig wallet, both the user and the app would have to greenlight on any transactions before they are broadcast.

Later next year, Abra will expand on this feature, adding a “two-of-three” model backed by a third-party oracle that can sign int he place of either the user or Abra itself.

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Written by Brad Chillum

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