Flexa App Brings Bitcoin, Ethereum, Litecoin and Bitcoin Cash To Mainstream Stores All Over The World
Mass adoption is getting a step closer. There’s a new mobile payments app that has released its closed beta and it allows users to use Bitcoin, Ethereum, Litecoin and Bitcoin Cash to pay for items in stores such as Starbucks and Nordstrom without having to deal with any cryptographic keys.
Flexa users can use their phones to go shopping in the real world and all they have to do is tap once for a flexcode and swiping at a merchant’s POS terminal to finish the transaction.
The application manages the amount and the wallet address and it converts the crypto payment at the market rate.
The main target is to allow the app’s users to spend Litecoin and Bitcoin or any other crypto combination at shops that are in more than 35,000 locations all over the world.
This is a company based in New York which was founded this year by Kathleen Pierce-Gilmore a former PayPal executive, Trevor Filter, a UX developer for American Express; Tyler Spalding, CTO for Raise; and Zachery Kilgore.
Flexa aims to transform payment platforms
The development team main target is to transform payment platforms by eliminating the risk of fraud and giving people the freedom to choose their preferred method of payment – without the involvement of banks and bank cards.
In a blog post, Flexa writes that with the combined decades of payment experience, the team believes that the best way for the global commerce to become more efficient and accessible is to bring crypto to the masses.
“Flexa is our first foray into creating a world where consumers can spend the cryptocurrencies of their choice quickly and easily, whether in stores or online, and we’re looking forward to seeing how people use it to unlock the power of cryptocurrencies in the physical world,” they write.
The team is also introducing a new open protocol called Flex Network Protocol which will facilitate payments from any wallet, in any coin to any merchant all over the world. You can read their complete blog post here.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.