Abra, an investment app provider, will start selling cryptocurrencies at 6000 stores in the Philippines.
The expansion is due to the company’s agreement with the Philippine settlement company ECPay to access a network that includes all Seven-Eleven stores in the Philippines.
The service will allow all users of Abra Wallet to purchase cryptocurrencies using the Seven-Eleven CLIQQ app and over-the-counter terminals.
Bill Barhydt, founder and CEO of Abra, said.
“Now, Philippine Abra users can quickly and easily deposit pesos into Abra and use it to invest in cryptocurrencies and popular stocks such as Google (Google), Amazon (Amazon) and Facebook (Facebook). You can. A world of new possibilities for building wealth has opened up. ”
Abra said in February 2019 that it would launch a new service that would allow customers to invest in a portion of the shares of a NASDAQ-listed company. The service also supports 30 cryptocurrencies and over 50 fiat currencies.
The new partnership will “provide EC Pay products and services to collection partner companies such as Seven-Eleven, NCCC Department Stores and Supermarkets, LCC Malls, and other remittance partners and pawn shops. We will expand to partners, “said Trisha D. Pascual, general manager of EC Pay.