So this new app ABRA allows you to buy Bitcoin with American Express ($200 daily, up to $1k monthly)
They charge a 4% buy fee and no fee to transfer. I have 2 AMEX cards with no limits. Should I buy $2k of BTC per month and hopefully profit and pay off cards each month and keep the profits?
Does anybody do this currently with Coinbase? Success? Should I stick with BTC, or maybe ETH?
Just trying to make it
>>2974337
It isn't new, it's been around for awhile now.
They do remittances by transferring value through Bitcoin and keep it the fiat money value stable for users by selling the risk to speculators. It's been a successful business model for the past few years.
Anyways, if they're trying to operate as an exchange, then that is news to me.