Winklevoss-Backed Flexa Expands Crypto Payments Service to Canada

Payment answer Flexa is heading international with a Canadian industry start.

Flexa, which introduced the U.S. edition of its SPEDN cryptocurrency wallet in mid-May, introduced its Canadian enlargement in an formal site submit. Backed by cryptocurrency exchange Gemini, Flexa’s international motion is preceded by aid for cryptocurrencies litecoin and zcash and the start of an Android beta cell application.

Performing like a pipeline for commercial transactions, SPEDN processes frequent purchases in cryptocurrencies like bitcoin, ethereum, or bitcoin cash.

Now, SPEDN is now open up to Canadians on both iOS and Android. The submit statements 7,500 Canadian merchants will be on-boarded by early September.

With all cash insured and custodied by Gemini, Flexa suggests Canadian and U.S. people can use SPEDN in both country free of conversion costs or exchange fees issues.

Speaking with CoinDesk, Flexa co-founder Tyler Spalding stated the payments processor ideas on launching in a couple of more countries by the stop of the calendar year but simply cannot disclose the places.

On-boarding additional coins is also in the functions.

“Regarding the industry, we anticipate considerable advancement of ‘spendable cryptocurrencies’ like steady coins and loyalty coins in excess of the next calendar year that will generate buyer desire for paying,” Spalding stated. “We are functioning with several projects and intend to start quite a few new coins on the network soon. For now, we’ve been actually amazed with the present communities and their recurring use of the SPEDN application, specifically litecoin.”

Canadian cryptocurrency exchange Coinsquare partnered with Flexa for the start.

Canada impression via CoinDesk archives