Crypto Made Easy: Abra’s New Venture
In a groundbreaking move, Abra has teamed up with ECPay to bring the world of cryptocurrency closer to everyday Filipinos. Picture this: you’re stopping by your neighborhood 7-Eleven for a snack, and now you can pick up some Bitcoin on the side! This partnership allows people to purchase crypto in a staggering 6,000 locations across the Philippines, making the process as smooth as your favorite iced coffee on a hot day.
The Aim: Simplifying Crypto Access
The intention behind this partnership is crystal clear. Abra strongly believes that acquiring cryptocurrency should be a walk in the park – not a treacherous hike up a mountain. As a representative put it:
“Using new digital tools that open up financial access shouldn’t be hard. And they shouldn’t be complicated.”
This initiative essentially turns 7-Eleven into a digital currency gateway, making it ridiculously easy to delve into the crypto world.
Buying Bitcoin: Step-by-Step
So, how exactly do you buy Bitcoin at 7-Eleven? Gather round, future crypto moguls, here’s the lowdown:
- Locate Your ECPay Kiosk: Find a CLIQQ ECPay kiosk or use the mobile app.
- Select Your Crypto: Choose Abra under the “Bills Payment” option.
- Deposit Cash: Enter your chosen amount. The minimum is PHP 500 (around $9.59), and you can’t go over PHP 100,000 ($1,917) in a day.
- Transaction Confirmation: Check your details, print the receipt, and pay the cashier.
- Wait for Credit: The funds will be credited to your Abra wallet within 1–2 business days (excluding weekends and holidays).
Why This Matters
The significance of this collaboration goes beyond just convenience. By making crypto accessible at widely frequented locations like 7-Eleven, Abra is playing a crucial role in driving adoption in the region. This could potentially lead to a shift in how Filipinos view digital assets, similar to the impact of Bitcoin ATMs in the United States.
Following Suit with Global Trends
In May, Coinme made waves in the U.S. by increasing its Bitcoin purchasing options in 21 states through a partnership with Coinstar. Now, with Abra’s initiative in the Philippines, it’s clear that the global trend is leaning heavily towards making cryptocurrency as accessible as buying chips and soda. Who knows, next time you buy a slurpee, you might just be a little richer!
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