Cryptocurrency investment app provider Abra is set to start selling cryptocurrencies at 6,000 stores across the Philippines for cash, including at all of its 7-Eleven’s.
According to a press release shared with CryptoGlobe, Abra’s new service will let all of its wallet users buy cryptocurrencies via 7-Eleven’s CLIQQ app or kiosks, with a minimum requirement of 500 Philippine pesos - worth around $10 - and a maximum daily purchase limit of 100,000 pesos, worth around $1,900.
The service comes through a deal with ECPay, a Phillipine payments firm whose network includes the country’s 7-Eleven stores. Bill Barhydt, the cryptocurrency investment app provider’s founder and CEO, was quoted as saying:
Now Abra users in the Philippines can quickly and easily add pesos into Abra and use that to invest in cryptocurrencies or popular stocks like Google, Amazon, Facebook, etc., which opens up a world of new possibilities to build wealth.
ECPay’s general manager, Trisha D.Pascual, noted the partnership “widens the product and service offerings of ECPay to its Collection Partners.” As covered, back in February of this year Abra launched a service that allows cryptocurrency enthusiasts to gain exposure to stocks and exchange-traded funds (ETFs) using bitcoin.