In an email obtained by BitPinas, Abra said the decision comes in the wake of discussions with state and federal regulators.
Check out the new cryptocurrencies supported by the Abra wallet app in this article.
These limits are refreshed on a rolling cycle. For example, if the user reaches the daily limit at 10:00am today, it will not be reset until 10:00am of the next day.
Listed in this article are the deposit and withdrawal fees for every major crypto wallet/exchange in the Philippines.
Made possible via a partnership with ECPay, users only need to go to Cliqq Kiosks inside 7-Eleven to deposit Peso to the wallet, which can then be used to purchase crypto, stocks, and other digital assets available in the Abra app.
UnionBank services basically every licensed virtual currency exchange in the Philippines.
Abra surveyed its users and 43% of them said Bitcoin made investing in financial markets more accessible while 35% said they can now afford to invest in stocks thanks to fractional investing.
Mobile wallet service Abra has finally added the previously announced feature of buying US stocks in exchange for bitcoin and fiat in its app.
Abra reveals it is opening opportunity to invest in non-crypto financial instruments – such as US stocks, exchange-traded funds (ETFs) and even commodities.
The Bitwise 10 Crypto Index Token will allow people to have exposure to more tokens when they acquire this particular coin.