Released to users on May 13th 2019 at Consensus SPEDN by Flexa became a hit instantly. The excitement surround its unofficial partnership with Starbucks, Whole foods and other groups also drove more bulls into the Bitcoin run which Hit $8300 Dollars yesterday.
According to Flexa network: " Flexa is a new payment network, built using cryptocurrencies, that brings buyers and seller closer together. In order to cut costs, eliminate fraud, and preserve and protect your privacy."
The SPEDN APP by Flexa is a dream come true application for Crypto enthusiasts. Investors are gradually shifting the majority of their spendable assets into Crypto and many would like to spend it in crypto as well. Converting back into fiat is certainly a inconvenience and the only thing missing was retailers willing to accept it.
For the retailer the app has no draw backs in terms of volatility. The Cryptocurrency is converted into cash before the point of sale. Sellers will receive the transaction as cash.
With the practicality of the SPEDN WALLET app Starbucks, Whole Foods, Basking Robins, Nordstrom and other Retailers enabled crypto payments this week. My assumption is that other retailers and service providers will follow suit. Companies want to save money on transaction costs and realized that their costs diminish significantly when crypto currency payments are used instead of credit cards. A savings that can range from 1% to 5% per transaction.
The excitement around the SPEDN by Flexa app on Twitter is very alive. Charlie Lee creator of Litecoin twitted his followers for support as John Kim and Flexa's CEO work in Litecoin support.
Yahoo finance also Twitted a video interview with Flexa CEO explaining the app in detail. Watch it Here
Available at Apple Store. Android Version coming soon.
I have downloaded mine and will soon be headed to Starbucks to give it a try soon.
Please note that you can skip the invitation code and go directly into the wallets. Name, date of birth, US state, and email are required information.