Wallet operator Abra will begin cryptocurrency sales for Philippine pesos in the Philippines in 6,000 stores at 7-Eleven.
The company has signed an agreement with a local payment company ECPAY to access its network, which includes all 7-Eleven stores in the country. The service allows any Abra wallet user to purchase cryptocurrencies through the 7-Eleven CLIQQ app or kiosks.
Among the purchase conditions is a minimum deposit of 500 Philippine pesos (approximately $ 10). At the same time, the maximum purchase size should not exceed 100,000 pesos ($ 1900) per day. Users will be charged a transaction fee of 2%, and they can purchase all cryptocurrencies supported by Abra through their wallet.
Abra founder and CEO Bill Barhydt said:
“Now Abra users in the Philippines can quickly and easily add pesos to Abra and use them to invest in cryptocurrencies or shares of such popular companies as Google, Amazon, Facebook, which opens up a whole world of new opportunities for earning.”
The new partnership “expands the offer of ECPAY products and services for such partners of the company as 7-Eleven, supermarkets NCCC, LCC Malls and other companies,” said ECPAY general manager Trisha D. Pascual.
In February, Abra service announced
application for investing in stocks and ETFs using bitcoin.
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