- The Stellar Development Foundation (SDF) has announced an investment of $5m in Abra, a leading global application for crypto investments.
- A highlight of this strategic partnership is that it involves two very ambitious organizations.
- Abra is on its way to build a product portfolio of financial services that comply exactly with SDF’s mission, says SDF CEO, Denelle Dixon
The Stellar Development Foundation (SDF) has announced an investment of $5m in Abra, a leading global application for crypto investments. The Stellar Development Foundation (SDF) started in 2014 seeks to help the open-source Stellar network grow. Also, it is a non-profit organization.
Today, we announced our second enterprise fund investment in @AbraGlobal — a step that will facilitate Abra’s integration to Stellar and bring their expanding financial services and products to the network. https://t.co/GeMvPKjGFx
— Stellar (@StellarOrg) May 6, 2020
A highlight of this strategic partnership is that it involves two very ambitious organizations. They are both zealous to pay their contribution to influence the financial services in a much better way.
Both Stellar And Abra share a similar mission: Denelle Dixon, CEO and Executive Director of SDF
It is worth throwing light on what perspective SDF CEO and Executive Director Denelle Dixon own with respect to their mission. He emphasized that Abra is on its way to build a product portfolio of financial services that complies exactly with SDF’s mission. Dixon further notified that both of their missions are to create space for fair access to the global financial system. Lastly, he acknowledged their partnership with Abra as the first step to work jointly in providing creative business opportunities globally.
About the leading cryptocurrency trading Application-Abra
Bringing to attention about Abra, it has always sought to bring innovation and simplicity to its platform. It is reportedly the first enterprise to offer trading in a wide range of cryptocurrencies. The crypto wallet allows customers to invest in over 100 diverse cryptocurrencies.
Abra, a leading cryptocurrency application globally was founded in the year 2014. It has since its establishment proven the capability and potential it owns. The crypto trading application just possesses the right knowledge and technicality necessary to revolutionize the innovative blockchain industry. Also, its progress has continuously helped it thrive to offer much-enhanced services to users worldwide.
And hence its integration with Stellar will help the trading application expand its financial services. Besides that, it is a great opportunity for the crypto wallet to enhance its underlying infrastructure too. Thus, ultimately it will prove to offer to its customers both existing and the new ones improved overall service.
About SDF, the non-profit organization
As mentioned above, the SDF organization is a non-profit one. This non-profit organization seeks the maintenance of Stellar lumens codebase. It is important to note that Stellar lumens is a decentralized network offering speed and scalability for financial services. The stellar network owns around 4 million accounts offering users worldwide to settle payments via its platform.
Furthermore, SDF lends its hand in the building of technicality on the stellar network. Besides that, the Foundation’s long -term vision is the provision of wider access to the financial system globally via the Stellar network. Forbye, indirectly contributing to the adaptation of blockchain technology.