Cryptocurrency investment app Abra starts selling crypto for cash in all 7-Eleven stores across the Philippines with a new partnership with payment processor ECPay.
Crypto in 6,000 outlets in the Philippines
Abra announced on Sept. 18 that the partnership will bring crypto to 6,000 retail outlets across the Philippines, including all 7-Eleven stores. The company says that the aim of the partnership is to make acquiring cryptocurrency easier:
“Using new digital tools that open up financial access shouldn’t be hard. And they shouldn’t be complicated. Moving cash to crypto and other digital assets should be simple and fast. That’s why we are really excited to announce our new partnership.”
How to buy Bitcoin at 7-Eleven
As a result of the collaboration with ECPay, consumers in the Philippines will be able to find Abra listed under the “Bills Payment” option at any CLIQQ ECPay financial services kiosk or in the dedicated mobile app. They can then deposit the money into their Abra wallet. The minimum deposit is PHP 500 ($9.59) and the daily limit is PHP 100,000 ($1,917).
After confirming the transaction details, printing the receipt and completing the transaction with the cashier, the funds should be accredited within 1-2 business days, (except for weekends and holidays).
As Cointelegraph reported in May, Bitcoin ATM operator Coinme has expanded its Bitcoin (BTC) purchasing options for United States residents to cover 21 states by partnering with coin kiosk operator Coinstar.