Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
Flexa’s AMP cryptocurrency registered solid gains post the Coinbase listing last week. Flexa’s instant crypto payments technology is gaining traction and acceptance among several brick-and-mortar as well as online retailers.
The overall cryptocurrency market has been buzzing with bulls this year. Also, some of the new emerging cryptocurrencies in the altcoin space has registered solid growth in recent time. AMP, the native cryptocurrency of payments app Flexa, hit record highs after crypto exchange Coinbase announced its listing last week. The Flexa’s AMP price touched an all-time high of $0.12 on Wednesday, June 16. Since the beginning of 2021, the AMP price has surged 20x or we can say 1700% so far this year.
Flexa calls itself the “first-ever digital currency payment option for brick-and-mortar retail”. Besides, it also aims to offer a one-stop solution for all kinds of crypto spendings and acceptance. As part of its major overhaul last year, Flexa converted its previous infrastructure token Flexacoin (FXC) to AMP. This overhaul has so far proved beneficial for Flexa’s AMP investors giving strong dividends in terms of returns this year.
Flexa’s Partnership with Shopify
In what can be called a perfect move, Flexa has now joined hands with Canadian e-commerce giant Shopify. This is one big step of getting closer to bring crypto spendings and acceptance in the booming e-commerce industry.
Another major boost for Flexa could be Shopify’s recent announcement of expanding its payments feature to Facebook and Google merchants. Moreover, last month, US food and retail chain Sheetz announced that it will start accepting Bitcoin payments using Flexa’s services.
Sheetz will start accepting digital currencies using Flexa’s technology that facilitates instant, scalable, and climate-neutral payments. Trevor Filter, co-founder of Flexa said:
“With interest in digital currencies reaching all-time highs, it’s easy to lose sight of the fact that there are real, tangible benefits for the merchants who accept them—not only reduced fraud and cost savings, but also a better and more mobile customer experience. Sheetz is one of the most forward-thinking brands in the business and understands their customer base better than anyone else. We’re absolutely elated that Flexa can help them become the first convenience and retail chain to accept digital currencies directly at the pump.”
Flexa’s instant and fraud-proof protection for crypto payments make it a natural choice for businesses. In two years of launch, the platform has attained massive scalability supporting over 41,000 merchant locations across the US.