Winklevoss-Backed Flexa Expands Crypto Funds Service to Canada
Cost resolution Flexa goes worldwide with a Canadian market launch.
Flexa, which launched the U.S. version of its SPEDN cryptocurrency pockets in mid-Could, introduced its Canadian enlargement in an official weblog publish. Backed by cryptocurrency trade Gemini, Flexa’s worldwide motion is preceded by help for cryptocurrencies litecoin and zcash and the launch of an Android beta cellular app.
Functioning like a pipeline for business transactions, SPEDN processes common purchases in cryptocurrencies like bitcoin, ethereum, bitcoin money or native token flexacoin.
At the moment, SPEDN is now open to Canadians on each iOS and Android. The publish claims 7,500 Canadian retailers can be on-boarded by early September.
With all funds insured and custodied by Gemini, Flexa says Canadian and U.S. customers can use SPEDN in both nation freed from conversion charges or trade charges points.
Talking with CoinDesk, Flexa co-founder Tyler Spalding stated the funds processor plans on launching in just a few extra international locations by the tip of the 12 months however can not disclose the areas.
On-boarding further cash can also be within the works.
“Concerning the market, we anticipate appreciable development of ‘spendable cryptocurrencies’ like steady cash and loyalty cash over the following 12 months that may drive client demand for spending,” Spalding stated. “We’re working with a number of initiatives and intend to launch many new cash on the community shortly. For now, we’ve been actually impressed with the present communities and their repeated use of the SPEDN app, significantly litecoin.”
Canadian cryptocurrency trade Coinsquare partnered with Flexa for the launch.
Canada picture through CoinDesk archives