Flexa Enables BTC Payments at Popular Brick-and-Mortar Stores

Bitcoin News Bit

Payment platform Flexa has announced the launch of SPEDN, an app that allows users to make purchases with at a variety of brick-and-mortar stores. The app works by generating QR codes at checkout registers, which then debit users’ on the app and credit with fiat.

To initiate payments immediately, uses FlexaCoin, its native cryptocurrency, as an intermediary before the originating coin’s network approves the transfer. Essentially, the Flexa Network Protocol pays the retailer in cash then takes on the burden of moving the coin from a user’s while using the FlexaCoin as collateral.

Currently, Flexa supports bitcoin, ether, bitcoin cash and , according to a CoinDesk report. The new payment method works at various retail outlets including Whole Foods, Nordstrom, Barnes & Noble and others.

This article originally appeared on Bitcoin Magazine.

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