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.

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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.

Featured image via Jayson Delos Santos/Pexels

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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