Bill Barhydt Launches Bitcoin Remmittance App

Former Enterprenuer and the Director of Known Netscape Organization Bill Barhydt have now come up with the venture of an App Called "Abra".
This Announcement come to exist at the Launch Festival 2015 ,Come's to an end at the long seven months silence of the stealth project. Barhydt also is known for his previously founded mobile banking startup "Boom Financial", which touched $17m in 2012, and WebSentric , one of the first online meeting services.
 At the Event , Barhydt told the ambition to hit $550bn of global remmittance market just by reducing the fess of associations. For ease of use, the application uses bitcoin in the back end to facilitate peer-to-peer transactions, but denominates all transactions in US dollars.
Barhydt with the pledging attitude said at the event :

 "Our mission with Abra is to turn every smartphone into a teller that processes withdrawals. This is not just another bitcoin app. The wallet is a full-fledged digital asset management system, and you don't have to understand it. It's very sophisticated what's going on behind the scenes"

He presented this venture to a panel of judges, walking through that how will the app uses a "Tellers" trusted network, or users on the network, to facilitate transactions. Users can deposit cash into the app through a teller or by using their debit card, and then send that money anywhere using Abra.
Tellers are then subject to a ratings system in order to ensure trust on the network.