• Thu, 17 Oct 2019, 10:59 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

All 7-Eleven stores in the Philippines now sell bitcoin, thanks to the new partnership of Abra, ECPay

No machine-readable author provided. Calvin Teo assumed (based on copyright claims). [CC BY-SA 2.5 (https://creativecommons.org/licenses/by-sa/2.5)]

Fri, 20 Sep 2019, 03:39 am UTC

Cryptocurrency wallet app Abra announced on Thursday that it started selling cryptocurrencies for cash across all 7-Eleven store branches in the Philippines in collaboration with local payments provider ECPay.

As per an announcement, ECPay will offer its cash-in service via ECPay’s network of 6,000 merchants, including 7-Eleven outlets, department stores, and pawnshops.

We are really excited about this partnership with ECPay and for taking the next step towards our vision of an open and easy-to-use financial system for everyone,” Bill Barhydt, Abra Founder and CEO, said.

With the rollout of the new service, consumers in the Philippines can find Abra listed under the “Bills Payment” option at any CLIQQ ECPay kiosk or mobile app. They can deposit their money into their Abra wallet, with a minimum amount of Php 500 ($9.59). Clients can deposit up to Php 100,000 ($1,917) per day, and the platform has a 2% fee for processing transactions. The funds will be credit into their Abra accounts within 1–2 business days.

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,” Barhydt said.

The latest expansion follows after Abra was forced to restrict its U.S. services because of regulatory issues this July. Among them, U.S. users were no longer eligible to hold QTUM, BTG, EOS, OMG and SNT via the app, and New York clients are only allowed to hold BTC, ETH, LTC, and BCH.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $8,118.11 (-0.46%)
  • Ethereum (ETH) $177.74 (-0.89%)
  • XRP (XRP) $0.297200 (+2.79%)
  • Bitcoin Cash (BCH) $219.19 (-1.65%)
  • Litecoin (LTC) $53.85 (-1.68%)
  • Bitcoin (BTC) $8,118.11 (-0.46%)
Oct 17, 2019 (Thursday)
Crypto Technicals: TRON (TRX) resumes weakness, break below 20-DMA could see fresh multi-month lows
Burj Khalifa owner Emaar taps JPMorgan’s Quorum blockchain for new rewards and loyalty platform
Towo Labs secures investment from Xpring to develop XRP hardware wallet firmware
Crypto Technicals: Bitcoin cash (BCH) finds strong support at 208.85, break below to strengthen bearish bias
US Fed actively looking and debating digital currency issuance: Dallas Fed President Robert Kaplan
Crypto Technicals: LTC/USD pauses at trendline support (52), further weakness on charts
EY launches blockchain solution to enhance public fund management
Crypto Technicals: ETH/USD set to extend weakness, eyes trendline support at 158
Crypto Technicals: BTC/USD finds major support at 55W EMA (7762), break below to plummet prices
Natixis, Raiffeisen Bank and others participate in global tokenised collateral trial on R3’s Corda
Oct 16, 2019 (Wednesday)
Bermuda starts accepting stablecoin ‘USDC’ for tax payments
Oxford English Dictionary officially adds ‘satoshi’
Crypto Technicals: XMR/USD holds above trendline support, 'Bullish Divergence' raises scope for upside
South Korea seeks to transform trade finance using blockchain technology by 2021
Crypto Technicals: XRP/USD finds stiff resistance at 21W-EMA (0.3008), break above to accentuate gains
Layer1 raises $50M from Peter Thiel and others to build bitcoin mining facility in Texas
Crypto Technicals: LTC/USD consolidates break below 20-DMA, on track to test trendline support at 52.25
Ford trials geofencing and blockchain technology to optimize energy efficiency of vehicles
India's YES Bank wants to lure more clients for its next planned blockchain model
Crypto Technicals: ETH/USD hovers around 20-DMA, break below will support further weakness
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.