This week at the National Retail Federation’s 2020 Show and Expo—the world’s largest retail conference and expo—we were delighted to announce a new undertaking between Flexa, Gemini, and NCR Corporation, the largest point-of-sale (POS) software vendor in the world.
At NCR’s booth at NRF 2020, merchants from around the world were able to experience — for the first time—an integrated ecosystem of cryptocurrency purchase and payment on point-of-sale systems. First, through a native integration of Flexa’s acceptance technology with NCR’s open API platform on NCR Emerald point-of-sale software, we demonstrated support for a faster-than-ever form of cashless, fraud-proof cryptocurrency payment. And second, through the industry-leading compliance and security of Gemini Exchange, NCR full-service and self-checkout points-of-sale demonstrated the ability to convert cash directly into cryptocurrency in real-time.
By showcasing this seamless, end-to-end experience for both acquiring and spending cryptocurrency, NCR, Flexa, and Gemini demonstrated the real cost savings and efficiencies that merchants can enable by adopting this new form of digital payments. In offering cryptocurrency exchange in their brick-and-mortar stores, merchants can increase foot-traffic, improve customer loyalty, and expand their consumer mindshare. And by accepting various forms of cryptocurrency for purchases — especially stablecoins like the Gemini dollar — merchants can lower processing costs, reduce fraud loss, and reach entirely new sets of customers on their terms.
All of these potential merchant benefits further support Flexa’s long-term mission of making payments more affordable and accessible for all kinds of people around the world. Flexa’s technology is available for merchants with NCR point-of-sale terminals to begin integrating now, so if you’d like to enable Flexa-powered payments and Gemini-enabled cryptocurrency exchange at your brick-and-mortar storefronts, email connect@flexa.network today.
