Customers can use a mobile wallet app called SPEDN to spend cryptocurrency like Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH). The customers can’t just use the app for the spending of the cryptocurrency, but they can also use the app to spend Gemini dollars (GUSD).
A crypto payment network called Flexa has collaborated with a cryptocurrency exchange called Gemini in order to introduce the app. It is stated that cryptocurrency exchange Gemini is excited to collaborate with Flexa.
It is also stated that the crypto payment network Flexa can revolutionize the payment industry. Everyday use cases for cryptocurrency spending are provided through the payment network. Until now, most cryptocurrency activities consist of buying, selling, and storing use case . Most investors want to buy a piece of networks and protocols. Bootstrap crypto networks are helped. Liquidity and price discovery are created. Tangible use cases are said to be the further move in the cryptocurrency promise story. Users can engage in the “spend” use case through a solution called Flexa payment solution. They can benefit from the freedom, privacy, and security.
Deposited cryptocurrency on the mobile wallet app SPEDN is custodied with the cryptocurrency exchange Gemini. Security will be provided to the customers of this new payment technology. Other dollars can be spent on the blockchain using GUSD. The users no need to worry about volatility related to prices.
Billions of dollars are paid in processing costs per year. Major retailers pay the amounts. Merchants can experience less expensive and fraud-resistant transactions through Flexa. The same payment hardware can be used through Flexa. Through Flexa, payments can also be received into fiat currency, rather than cryptocurrency. Costs can be saved in results.
The cryptocurrency exchange Gemini is recognized as a next-generation digital asset exchange and custodian. It was set up in 2014. Brothers Cameron and Tyler Winklevoss set up the exchange. Customers can buy, sell, and store cryptocurrency through the exchange, according to the official LinkedIn account of Gemini. It is hoped for the enhancement of the payment experience by offering trusted custody and infrastructure to Flexa, Medium reported.
The mobile wallet app SPEDN is available on iOS Apple store.
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