Flexa Enables BTC Payments at Popular Brick-and-Mortar Stores

Flexa Enables BTC Payments at Popular Brick-and-Mortar Stores
фото показано с : bitcoinmagazine.com

2019-5-13 21:12


Payment platform Flexa has announced the launch of SPEDN, an app that allows users to make purchases with cryptocurrencies at a variety of brick-and-mortar stores. The app works by generating QR codes at checkout registers, which then debit users’ wallets on the app and credit merchants with fiat.

To initiate payments immediately, Flexa uses FlexaCoin, its native cryptocurrency, as an intermediary before the originating coin’s network approves the transfer. Essentially, the Flexa Network Protocol pays the retailer in cash then takes on the burden of moving the coin from a user’s wallet while using the FlexaCoin as collateral.

Currently, Flexa supports bitcoin, ether, bitcoin cash and gemini dollar, according to a CoinDesk report. The new payment method works at various retail outlets including Whole Foods, Nordstrom, Barnes & Noble and others.

This article originally appeared on Bitcoin Magazine.

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Whole Foods and Major Retailers Now Accept Cryptocurrency via the Spedn App

On May 13, cryptocurrency enthusiasts were pleased to hear that major retailers including Whole Foods, Lowes, Petco, Regal Cinemas, and Gamestop will accept payments in crypto. The payments will be processed by Flexa using its custodial wallet called ‘Spedn’ which gives people the ability to spend with bitcoin core, ethereum, bitcoin cash, and GUSD.

2019-5-14 00:15