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Payments network Flexa has got some great news for the Cardano community.<\/p>\n
Flexa<\/a>, which was founded in February 2018 is a leading \u201cpure-digital\u201d payments network. It claims to \u201cprovide merchants and developers with simple integrations for digital currency acceptance that are fast, affordable, and completely fraud-proof.\u201d<\/p>\n Flexa says it is \u201cthe first network to offer transactions that are 100% digitally secured from source to settlement\u201d and that \u201cunlike a traditional bank or payment card transaction, Flexa payments don\u2019t involve sending any sensitive customer account information through the network.\u201d Rather, \u201ceach Flexa transaction starts and ends with a unique, digital authorization code that can\u2019t be decrypted or reversed.\u201d<\/p>\n Since Flexa integrates directly with merchants\u2019 existing payment hardware and software stack, there\u2019s no need \u201cto purchase any additional equipment.\u201d<\/p>\n On 13 May 2019, Flexa announced<\/a> the launch (in North America) of support for cryptocurrencies.<\/p>\n Here is Flexa explaining its approach:<\/p>\n \u201cSo, instead of bolting cryptocurrency payments on top of debit cards, we took the opposite approach. Over the past year, we\u2019ve built\u00a0new\u00a0connections with tens of thousands of merchant point-of-sale terminals nationwide, to bypass the existing payments infrastructure and push cryptocurrency-based payment authorizations directly to merchants on your behalf.<\/em><\/p>\n \u201cWe call these payment authorizations \u2018flexcodes,\u2019 and starting today, you can use them at\u00a0some of the biggest and most forward-looking brands\u00a0on the planet, each of whom were carefully curated to incorporate spending from every sector. We\u2019re just getting started, and already you can spend your cryptocurrency on everything from apparel to entertainment and in between.<\/em>\u201c<\/p>\n Flexa\u2019s blog post went on to say that it had created a mobile app called SPEDN (initially only available for iOS) for \u201cthe millions of cryptocurrency holders who want to experiment with the future of payments.\u201d<\/p>\n Flexa also tooh this opportuntity to announce its \u201cnew partnership with\u00a0Gemini<\/a>, a regulated and secure cryptocurrency exchange and custodian based here in New York City\u201d and said that this partnership with Gemini meant that \u201cevery\u00a0SPEDN<\/em>\u00a0wallet is securely custodied and fully insured on Gemini\u2019s NYDFS-regulated infrastructure\u201d and that It is \u201cable to add the\u00a0Gemini dollar<\/a>\u00a0\u2014 the world\u2019s first, regulated, dollar-pegged stablecoin\u2014to the Flexa network, so that you can spend cryptocurrency without worrying about volatility.\u201d<\/p>\n Back then, only four cryptocurrencies \u2014 Bitcoin ($BTC), Ether ($ETH), Bitcoin Cash ($BCH), and the Gemini dollar ($GUSD) \u2014 were supported \u201cat any of the merchants currently accepting payments on the Flexa network.\u201d Back then, 30,476 stores were acceptiong Flexa payments.<\/p>\n According to a report<\/a> published by Cointelgraph on 13 May 2019, Tyler Spalding, Flexa\u2019s co-founder, told Consensus attendees that \u201cSpedn\u2019s goal is to make cryptocurrencies spendable everywhere while ensuring merchants receive payments exactly like they did before.\u201d and to simply the process of making crypto payments in brick-and-mortar stores, Flexa transactions could be made in three steps: \u201cadding crypto to the Spedn\u00a0wallet<\/a>, tapping a supported brand and scanning a code.\u201d<\/p>\n Spalding added:<\/p>\n –><\/p>\n –><\/p>\n \u201cIf you want to buy some food, or maybe you want to go shop in the entertainment category, or maybe you also just want to find something for your home, or perhaps some clothing or accessories, all of these merchants are now live on the Flexa network as of today.<\/em>\u201c<\/p>\n Well, on Friday (December 17), Flexa announced that as part of its \u201c25 Days of Flexa\u201d campaign, it had decided to launch support for $ADA, the native token of the Cardano network, meaning that $ADA can now be used to make payments at over 40,000 locations in the U.S.<\/p>\n
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\n <!–<\/p>\nFlexa Adds Support for Cardano ($ADA)<\/h2>\n