Cash-to-Crypto Purchases Hit All 7-Eleven Stores in the Philippines
The crypto investing platform Abra is bringing cryptocurrency purchases to 6,000 retail outlets across the Philippines, including all 7-Eleven convenience stores.
The company is launching the cash-to-crypto initiative in a partnership with the e-commerce payments company ECPAY.
People can add crypto to their Abra Wallet through the CLIQQ kiosk inside any 7-Eleven.
A minimum purchase amount of 500 Philippine pesos is required, with a 2% transaction fee. People can invest a maximum of 100,000 pesos in a single visit.
Abra’s investment app supports all major cryptocurrencies and a long list of altcoins.
In May, Abra announced a new feature on its app allowing anyone around the world to invest in US stocks, exchange-traded funds (ETFs) and commodities with Bitcoin.
Users can spend as little as $5 to buy fractions of the asset they want to invest in.
“Fractional amounts of valuable stocks from global markets such as Tesla, Uber, Alibaba, and Facebook – as well as ETFs like the gold SPDR, and indexes like the S&P 500 are now available to investors in over 150 countries.”
You can check out more on that announcement here.