You Can Now Pay In-Store with Crypto

You Can Now Pay In-Store with Crypto

SPEDN is a new wallet service that allows you to make payments in the real world at a number of big-name franchises in the US.

This new wallet which was launched by payment processing start-up Flexa will bridge the gap between the crypto world and real-world retailers by allowing customers to make payments directly with cryptocurrency.

The format has been likened to Apple Pay in its straightforward nature. While the payee will pay in cryptocurrency, it will automatically be converted so that the retailer will receive the payment in fiat. The cryptocurrencies that are supported by the new wallet include bitcoin, ethereum, bitcoin cash and the Gemini Dollar, the native currency of the Gemini Exchange platform.

Sarah Olsen, the head of business development the latter, who are also providing security for the new wallet, spoke about the new project. She stated that “The Flexa network is going to be open source so if you’re a merchant anywhere you can integrate to use their network, even without necessarily interacting with the Flexa team directly. This is going to be the first step toward the future of how we transact value.” It will also be ideal for their crypto, as they will now be able to use it outside of exchange platforms.

The new way to pay will be available at the following retailers, Flexa co-founder Trevor Filter told CoinDesk the wallet app works at Nordstrom, Barnes & Noble, Express, Lowe’s, GameStop, Office Depot, Regal Cinemas and Jamba Juice. Whether or not a wider roll-out outside of the US is unclear at this time.

Co-founder of Flexa, Trevor Filter explained that the aim of his company is to build “payment rails on top of cryptocurrency instead of just trying to integrate cryptocurrency into the payment rails that already exist.”

Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News

Bitcoin,Exmo,Updates,Withdrawals

Exmo Have Reduced Their BTC Withdrawal Limit By 5x

EXMO has made new changes to the minimum withdrawals of bitcoin from their platform. The platform informed users on Tuesday, 13th August, that the limit would come into immediate effect. With the new limit for withdrawals being set at 0.002 BTC, which sees a decrease by 5 times. Users have been told to consider this […]

15 August, 2019
De Fi,Decentralised,Exchange Platforms,Trading

Ethfinex To Rebrand as De-Fi

Ethfinex has announced that it is set to close down its existing operations in order to rebrand itself under the title, De-fi. The news was announced via a blog post where it described the plan as its “biggest milestone yet.” The aim of the rebrand is to move towards a more decentralised exchange platform. Feeling […]

15 August, 2019
CoinEx,Exchange Platforms,Options Trading,Updates

A Quick-Look at CoinEX’s New Options Trading Service

Monday saw the launch of CoinEx’s new options trading service. We took a look at what it promises users of the service. Following the launch of their accelerator programs, futures trading and margin trading on their platform, CoinEx latest new options trading service is the latest in the line of new products from the platform. But, […]

14 August, 2019
CEX,Listings,Tokens

CEX.io Announces Listing of Two Ontology Project Tokens

CEX.io have confirmed that new tokens will be available for trading on their platform, ONT and ONG, both of which are part of the Ontology Project, a public blockchain protocol with high performance. While part of the same project, the two coins are unique in their purpose and function. ONG operates as a utility token […]

14 August, 2019
Exchange Platforms,KuCoin,Listings,Tokens

KuCoin Reveal New Listing, Enecuum (ENQ)

KuCoin has released news of their second new listing in a week, Enecuum. Following the listing of the security firm Fortnoxer’s token last week, KuCoin has followed it up directly with the release of Enecuum for trading on their platform. While Enecum may have had a lower profile than its predecessor, following a private sale […]

13 August, 2019
Sponsored

Akon to speak at Malta A.I. & Blockchain Summit

Grammy-winning artist bringing his Akoin vision for Africa to November summit Malta A.I. & Blockchain Summit is proud to announce that Akon, hip-hop superstar and one of Africa’s most renowned philanthropists, has accepted a speaker slot at the crypto and blockchain focused show in November. He will be speaking about his Akoin token and how […]

13 August, 2019
Cardano,Cryptocurrency,Investment,Market Decrease

Why 13 Is Proving An Unlucky Number For Cardano (ADA)

Despite the resurgence of many leading cryptos since April, Cardano (ADA) is suffering. We take a look at its progress and what the future might hold for the top 20 crypto.  Its been a tough few months for Cardano. Shortly after hitting their highest point since Summer last year, they have spent the last 3 months in Decline. Although it has […]

13 August, 2019
HMRC,Investigation,Taxes,UK

What The HMRC’s Cryptoasset Data Request Means For You

The main tax authority in the UK, Her Majesty’s Revenue and Customs, have applied to leading exchange platforms in order to find out whether cryptocurrency investors own any unpaid capital gains and income tax. According to reports, three leading exchange platforms, CEX, EToro and Coinbase, have all been targeted by the HMRC seeking users’ transaction […]

12 August, 2019