February 9, 2023

Abra launches cryptocurrency sales in Philippines at 7-Eleven chain stores

Wallet operator Abra to begin cryptocurrency sales in Philippines for Philippine pesos in 6,000 stores retail chain 7-eleven.

The company has signed a local payment agreement.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 conditions of purchase - a minimum deposit of500 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 canquickly 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. ”

New Partnership “Expands OffersECPAY products and services for such partners of the company as 7-Eleven, supermarkets NCCC, LCC Malls and other companies, ”said Trisha D. Pascual, ECPAY General Manager.

In February, the Abra service announced an application for investing in stocks and ETFs using bitcoin.