The new collateral token for
crypto payments

 

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Flexacoin is a digital collateral token for facilitating instant cryptocurrency payments, originally developed to collateralize retail payments on the Flexa network. Flexacoin is designed to mitigate the friction between customers paying with crypto and merchants accepting fiat.

Flexacoin is a digital collateral token for facilitating instant cryptocurrency payments, originally developed to collateralize retail payments on the Flexa network. Flexacoin is designed to mitigate the friction between customers paying with crypto and merchants accepting fiat.

SPEDN

In order to connect consumers to merchants in an intuitive fashion, Flexa developed their first application, SPEDN, to do just that. Since it’s launch at Consensus in May, 5,000 users have registered to the SPEDN public beta on iOS with Android support being rolled out last month. As of writing, Flexa currently supports payments at 39,321+ retail stores including Barnes & Noble, Nordstrom, Crate & Barrel, Office Depot, Lowe’s, Dunkin Donuts and Whole Foods.

SpednApp4
gemini-pay

Gemini Pay™

  • Spend your crypto in retail stores

  • No transaction fees

  • Protect your privacy

  • Spend your dollars in Gemini dollars

powered by Flexa Network

flexcode2

HOW DOES IT WORK?

Flexa leverages a unique form of closed-loop payments to provide a seamless transaction process. Using traditional QR codes, Flexa verifies a user’s cryptocurrency balance against a public index rate and generates a proprietary flexcode for payment. The two primary components delivered through the Flex Wallet SDK include:

  • FPAN – A flexible primary account number used as a one-time authorization by merchants to debit local fiat currency against the selected cryptocurrency wallet balance.

  • Flexcode – A proprietary and backwards compatible barcode format that is scannable by standard point-of-sale barcode readers. Each flexcode conveys the FPAN with any user authorized metadata through the merchant’s point-of-sale system.

Frequently Asked Questions (FAQs) :

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