Altcoin News: Abra Will Offer Crypto at 6,000 Outlets in the Philippines
The developer of the investment application Abra will sell cryptocurrencies at 6,000 outlets in the Philippines. To do this, they entered into an agreement with the local payment company ECPAY, which will give them access to their network.
The minimum deposit amount will be 500 pesos ($10), and for a maximum of one day, it will be possible to deposit 100,000 pesos ($1,900). Users will be charged a commission of 2%. All cryptocurrencies supported by the Abra wallet will be available for purchase.
“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,” said Abra founder and CEO Bill Barhydt.
Currently, the Abra app supports 30 digital and over 50 fiat currencies.
In February, the company announced that it would allow its customers to invest in ETFs and stocks using cryptocurrencies.
This week it also became known that Lithuanian Narvesen convenience stores and Lithuanian Press kiosks will start selling Bitcoins.
Author: Marko Vidrih