Flexa is a payment-processing network that lets shoppers pay for everyday transactions with mainstream retailers like Crate & Barrel using cryptocurrency

Fintech startup Flexa is making it possible for consumers to use cryptocurrency more easily in everyday life: The app-based platform allows shoppers to use their blockchain-backed spend at big-name retailers via a digital wallet and scannable QR codes.

Top mainstays like Barnes & Noble, Office Depot, Whole Foods, and Bed Bath & Beyond are already on board with Flexa, along with many other leading names. The main draws for Flexa are that it will save retailers money when it comes to fees for crypto transactions, as it charges only a 1 to 2% fee, as well as the added security that goes hand in hand with the blockchain tech.

While some still view cryptocurrency as best for investments rather than everyday transactions, Flexa hopes to change that, partnering with the retailers consumers already shop at. The platform's CEO Tyler Spalding comments, “This is the bridge. This is how it goes mainstream.” The payment-processing network went live Monday.

Flexa


Lead image: stock photos from NYCStock/Shutterstock

Fintech startup Flexa is making it possible for consumers to use cryptocurrency more easily in everyday life: The app-based platform allows shoppers to use their blockchain-backed spend at big-name retailers via a digital wallet and scannable QR codes.

Top mainstays like Barnes & Noble, Office Depot, Whole Foods, and Bed Bath & Beyond are already on board with Flexa, along with many other leading names. The main draws for Flexa are that it will save retailers money when it comes to fees for crypto transactions, as it charges only a 1 to 2% fee, as well as the added security that goes hand in hand with the blockchain tech.