In the Philippines, there is also a service provided by Abra which allows people to easily buy bitcoin. You can fund your Abra peso wallet with cash in several ways, such as using CLIQQ kiosks, “Abra Tellers,” or from your bank account. The Abra app is available in over 150 countries.
Since September last year, Abra users in the Philippines can use CLIQQ kiosks located in ECPAY’s 6,000 retail outlets across the country, including 7-Eleven stores, to put money into their Abra accounts. Funds should be credited to your account within one to two business days. Here is the full list of all ECPAY locations and some instructions on how to deposit money into your Abra account using ECPAY’s CLIQQ kiosks.
You can also deposit PHP into your account via Abra Tellers, which conduct face-to-face transactions, set their own fees and hours, and can process cash transactions for you to fund or withdraw from your Abra wallet. To use an Abra Teller, open your Abra app and tap “+Add Money,” followed by “Cash.” You can then pick a teller based on your current location. The app provides a map so you can see where available tellers are. You can tap the “Redo Search in this Area” button to re-populate the map.
Abra has also partnered with Unionbank to enable its users to deposit PHP into their accounts using this bank. To deposit money using this option, tap “Add Money,” then “Bank,” and then select “Unionbank.” You will then receive the instructions to enroll Abra as a biller with your bank. You will need to log into your bank’s website to set this up and pay Abra the amount you want to deposit into your account.
Once you have money in your Abra wallet, you can go to “Manage Assets” and add bitcoin to your portfolio. On your portfolio screen, you can tap the “Exchange” button and input the amount you want to exchange into bitcoin. Once you are satisfied with all the information shown on the screen, you can confirm the transaction, which completes your bitcoin purchase.
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