The new development was announced via Flexa’s official Twitter handle on 17th December 2021. According to the report, the incorporation will make ADA, the native token of the largest proof-of-stake (PoS) blockchain, available at over 40,000 locations across the United States.

Read Also: Cardano Rolls out New Peer-to-Peer (p2p) Testnet to Enhance Network Decentralization

Flexa tweeted, “At last, the native asset of Cardano is live on Flexa. Now you can spend your ADA instantly at over 40,000 locations across the US!”

At last, the native asset of @Cardano is live on Flexa. Now you can spend your $ADA instantly at over 40,000 locations across the US! #25DaysofFlexa pic.twitter.com/97vnYLBRlJ

— Flexa (@FlexaHQ) December 17, 2021

In the announcement, Flexa urged Cardano (ADA) users to download a mobile app known as SPEDN, an application created for millions of crypto holders who want to experiment with the future of payments.

Flexa wrote, “Download the SPEDN app at spedn.io to try instant ada payments on the Flexa network today, including 20% off at @RegalMovies all December long! (Terms apply.)”

Read Also: Alpha Demo of Cardano-Based Game ‘Drunken Dragon: Inns’ To Launch on 20th December

About the Payments Network Flexa

Flexa was founded in February 2018 as a pure-digital payments network. It claims to provide merchants and developers with simple integrations for digital asset acceptance that are fast, affordable, and completely fraud-proof.

According to the payments firm, it’s the first network to offer transactions that are fully secured from source to settlement and that are unlike a traditional bank or payment card transaction.

The payment firm added that Flexa payments don’t involve sending any sensitive customer account information via the network.

Read Also: Charles Hoskinson Says IOG Has Started Process of Equipping Cardano to Resist Quantum Attacks

Explaining its approach to cryptocurrency in a 13th May 2019 announcement of support for crypto, Flexa wrote:

“So, instead of bolting cryptocurrency payments on top of debit cards, we took the opposite approach. Over the past year, we’ve built new connections with tens of thousands of merchant point-of-sale terminals nationwide, to bypass the existing payments infrastructure and push cryptocurrency-based payment authorizations directly to merchants on your behalf.

“We call these payment authorizations ‘flexcodes,’ and starting today, you can use them at some of the biggest and most forward-looking brands on the planet, each of whom were carefully curated to incorporate spending from every sector. We’re just getting started, and already you can spend your cryptocurrency on everything from apparel to entertainment and in between.”

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The post Cardano (ADA) Is Now a Payment Option for Payments Network Flexa at Over 40,000 Locations appeared first on Times Tabloid.

The new development implies that users of Flexa’s SPEDN application can now start paying with SHIB tokens across over 40,000 merchants, such as GameStop, Lowe’s, among others.

Read Also: Over 3.2 Trillion SHIB Coins Purchase worth $125 Million Births a New Shiba Inu Whale

The new development was passed across via a tweet on 10th December 2021.

Flaxa tweeted, “Let’s get a head start on the weekend… SHIB is here! Now you can use Shibtoken for fast and fraud-proof payments anywhere Flexa is accepted—including more than 40,000 stores across the US.”

Let’s get a head start on the weekend… $SHIB is here! Now you can use @Shibtoken for fast and fraud-proof payments anywhere Flexa is accepted—including more than 40,000 stores across the US. #25DaysofFlexa pic.twitter.com/X7L0lc8fa6

— Flexa (@FlexaHQ) December 10, 2021

Flexa is a payments network that partnered with Gemini, one of the leading US-based crypto exchanges back in 2019.

Read Also: Shiba Inu Adoption: Healthcare Company ‘Ask The Doctor’ Buys $1.5 Million Worth of SHIB

The announcement also came a few days after Kraken added support for the digital currency.

BitPay Lists Shiba Inu (SHIB)

According to an announcement on 9th December, BitPay, the largest cryptocurrency payment company, has incorporated Shiba Inu (SHIB) into its wallet app that allows storing, buying, swapping, and spending cryptocurrencies,

BitPay tweeted, “ATTENTION: #shibarmy, we’re excited to announce consumers can now pay and merchants can immediately accept Shiba Inu (SHIB) for payments.”

ATTENTION: #shibarmy, we’re excited to announce consumers can now pay and merchants can immediately accept Shiba Inu (SHIB) for payments. Read more: https://t.co/xnWbmqMdzX #SHIB #shibainu #crypto pic.twitter.com/zCretwh87S

— BitPay (@BitPay) December 9, 2021

The meme token has joined the likes of Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE) and several stablecoins on the list of available cryptocurrencies.

Read Also: Shiba Inu Collaborates With former Activision Vice President, William David Volk, To Create SHIB NFT Game 

Some of the supported merchants are now automatically able to accept the meme coin.

Last month, electronics retailer Newegg announced that it would start accepting the meme coin before the Christmas holidays, becoming the first BitPay customer to do so.

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The post Users of Gemini-Backed Flexa’s SPEDN App Can Now Pay with SHIB Tokens appeared first on Times Tabloid.