Flexacoin: The Under The Radar Project That Will Catapult Retail Adoption of Cryptocurrencies

Flexacoin: The Under The Radar Project That Will Catapult Retail Adoption of Cryptocurrencies

Flexa is an app that will make it easy to spend your cryptocurrencies in store instantly with a simple scan of your phone. Flexacoin (FXC) is an ERC-20 utility token that will be used as collateral for facilitating point-of-sale payments using most cryptocurrencies.

The project differentiates itself from competitors in that they are building their own Flex Network Protocol (FNP) instead of coupling their operations with Visa or other alternatives. The Flexacoin’s within the protocol temporarily secure cryptocurrency transactions whilst they are awaiting confirmation on the blockchain. The merchant receives payment instantly in fiat without having to wait for the crypto transaction to completely settle. This solves the issue of spending cryptocurrencies with long confirmation times without need of a lightning network.

Users who own FXC can stake their Flexacoin’s as collateral for a number of merchants from a…