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Abra, a payment network that uses bitcoin to provide fast and secure transactions, announced its merchant API solution. The startup also announced it has attracted American Express as an investor. The Abra Pay solution will allow merchants to accept online payments minus the friction created by other online networks. The solution reduces payment acceptance costs and settlement times. Abra uses bitcoins to provide instantaneous and secure money transactions. The company will provide an app to enable merchants to accept digital cash and will first be available to users in the U.S. and the Philippines. Abra's newly-announced investments from American Express¬ and […]
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