About

Flexa is a global leader in pure-digital payments, offering the fastest and most fraud-proof payments network in the world. They guarantee settlement, provide flexible integration options, and support a wide range of global currencies. With their digital network, Flexa eliminates chargebacks and unexpected reversals, providing secure payment solutions for businesses. They also offer various integration options for seamless integration with existing payment infrastructure.

History

Flexacoin is a digital collateral token for facilitating instant cryptocurrency payments, originally developed to collateralize retail payments on the Flexa network. Flexacoin is designed to mitigate the friction between customers paying with crypto and merchants accepting fiat. Users scan a QR code at the point of sale, and the Flexa Network Protocol (FNP) trades the crypto spent for fiat which is then returned to the merchant. Flexa returns a percentage of every processed transaction to users. Flexa’s FNP uses the ERC 20-compliant token called Flexacoin for transactions and a variety of members-only network incentives.

The name “Flexa” is an abbreviation of flexibility, according to the team. Flexa requires no additional hardware at the point of sale and optimizes for seamless payment and receipt for the consumer and merchant.