Abra is a cryptocurrency and the beleggingsapp at the same time. And now they’re going one step further, they sell the cryptocurrency for cash, in less than six branches of the 7-Elevens in the country.
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This development has been possible because the Arabian sea has gone up with a local payment company called ECPAY. This is the company that manages to turn back to the payment gateway to all the shops, 7-Eleven is in the South-east Asian country.
Abra adds 6,000 new retail and cash-in locations in the Philippines, ??https://t.co/10mgKVEcpa
— Abra (@AbraGlobal September 19, 2019 At The Latest
Terms and conditions are
The service allows any user of an Arabian wallet for crypto-buy the CLIQQ app and kiosks at 7-Eleven. There are, however, some of the (minimal) restriction: you must have a minimum of 500 Philippine pesos (about 9 euros) to purchase, and you can have per day for a maximum of 100,000 pesos to buy it, that’s a little bit more than the 1700 euro.
Users will have to pay the cash at the box office and within two days is the amount of of your wallet. This should be about two per cent of transaction fees to be paid for it. Now allows users to wallet cryptocurrency to buy it.
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The chief executive officer of Abra, Bill Barhydt, and he has to say on the subject:
Now Abra users in the Philippines, fast and easy to pesos at Abra add. This will enable them to invest in the cryptocurrency or to popular stocks such as Google, Amazon, Facebook, etc., etc. This will open up a world of new opportunities to build wealth
The walletaanbieder said in February that a new service has launched that allows customers to be able to invest in fractional shares of NASDAQ-listed companies. Abra support, in addition to the thirty cryptocurrency, and more than half of fiat currencies.
The purpose of Abra is to get this sort of financial products will be made available to all the rest of us. Arabian calls it the “democratization” of access to financial services.
Trisha D. Pascual, of ECPay:
The new partnership will broaden the product and service of ECPay with its Collection Partners, such as 7-Eleven, NCCC department stores and supermarkets, LLC, shopping centers, remittance, and pandjeshuispartners
As of this past July, the wallet is in use in the Netherlands, as in over 150 other countries.