With Abra, all of your banking lives on your phone. You can withdraw funds, deposit cash and send money using the app. There are no ATMs and no bank branches. (The service is different from recent innovations like Simple, Venmo, PayPal and Chase Pay because those all require bank accounts.)
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"The reality is, the majority of the planet is a cash-based economy and banking doesn't work for those people."
Just don't lose your phone -
http://money.cnn.com/2015/06/08/tech...&iid=obnetwork