World Leading Digital Payment Processor Flexa Adds Cardano
Burgeoning payment processor Flexa adds Cardano making the crypto available toward payment at over 40,000 retail locations across the United States and Canada. At last, the native asset of @Cardano is live on Flexa. Now you can spend your...
Burgeoning payment processor Flexa adds Cardano making the crypto available toward payment at over 40,000 retail locations across the United States and Canada.
At last, the native asset of @Cardano is live on Flexa. Now you can spend your $ADA instantly at over 40,000 locations across the US! #25DaysofFlexa🎁 pic.twitter.com/97vnYLBRlJ
— Flexa (@FlexaHQ) December 17, 2021
In an under-the-radar announcement, payment processor Flexa added smart contract protocol Cardano’s ADA token to its long list of available cryptocurrencies. ADA token can now be converted seamlessly and spent at retailers like Crate & Barrel, Nordstroms, Whole Foods, and GameStop.
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- Flexa is a”merchant-focused” app, meaning it focuses on bridging the gap between retailers and cryptocurrency. The app does not provide direct crypto payments but rather, crypto converted into fiat.
- The app saves users from selling their crypto or withdrawing. Meaning, it keeps users from adding more taxable events to worry about.
- Flexa is behind the popular payment token AMP. AMP is the defacto collateral for the payment processor. AMP offers instant, verifiable collateralization. In other words, “Amp collateral can instead be liquidated to cover losses.” if BTC or ETH transactions fail, for example.
- For Cardano, this gives the struggling crypto a much-needed real-life use case as DEXs on the blockchain finalize their working products.
- Recently, Cardano was de-listed from eToro. Charles Hoskinson responded, calling it “FUD.”
- Some of the supported tokens include Dogecoin, Algorand, Tezos, among many others.
- Cardano is trading flat the last 24 hours. The Charles Hoskinson-led project is currently trading in the $1.25 USD range. Meanwhile, AMP is down close 2% in the timeframe. The token is trading $0.045 cents USD range.
Writer and editor, based out of Toronto. More excited about Web3's future than its present. Proud Koala foster co-parent.
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