• About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team
Tech News, Magazine & Review WordPress Theme 2017
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • PR
  • Price Analysis
No Result
View All Result
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • PR
  • Price Analysis
No Result
View All Result
CurrentCryptocurrencyNews
No Result
View All Result

Flexa Raised $14.1 Million To Establish Payment Platform For Retailers

Robert Clifton by Robert Clifton
March 17, 2020
Home Blockchain News

Flexa is a blockchain firm based in New York. It was established by Tyler Spalding, Trevor Filter, Zachary Kilgore, and Daniel McCabe last year i.e. 2018. Flexa was created with a primary objective of facilitating a more effective, approachable and reasonable trading platform to crypto traders.

According to an announcement made through a press release on Thursday, 11 April, the startup raised $14.1 million in order to establish blockchain-based payment platform for retailers. It has raised the funds in a private token sale along with Access Ventures, Nima Capital, Pantera Capital and many others. The firm has its coin, known as Flexacoin, which is an ERC-20 token which can be utilized for payment processing by the developers Flexa’s platform.

The co-founder at Flexa, Tyler Spalding underlined that the startup is a B2B firm. And therefore, traders are not required to hold or interact with Flexacoins.

Flexa aims to build a payment network which will reduce costs, overhead as well as fraudulence because of its blockchain-based settlements. The firm is also planning to introduce a mobile application that will enable the consumers to utilize the cryptocurrency held by them.

CEO and CO-Founder of Flexa, Tyler Spalding remarked that:

“The anti-fraud and cost benefits of global cryptocurrency payments are enormous, but there are many barriers to mainstream adoption for merchants and consumers alike. Flexa’s going to change that, and very quickly.”

He further mentioned:

“With this funding, we’ll continue to develop our network infrastructure to support our retail network and strategic partners.”

Nowadays, blockchain has been widely explored by retailers across the globe. It is also reported on 11th April that Albertsons Companies will utilize IBM’s Food Trust blockchain platform in order to keep track of the supply chain for romaine lettuce. It is also planning to extend this to its other products as well.

In addition to this, the U.S. Pork Board ventured with ripe.io (blockchain -based startup) in order to track pork supply chains in Feb 2019. The venture enabled the firm to evaluate food safety standards, sustainability practices, environmental, and livestock health.

Robert Clifton

Robert Clifton

Robert Clifton is a full-time editor at Current Cryptocurrency News. He covers most of the news and latest updates regarding cryptocurrencies, blockchain, finance, and much more. He is well aware of the crypto market, and hence, he regularly provides the latest insights into the world of crypto.

Next Post
Binance Labs To Fund $45,000 Three Open-Source Blockchain-Powered Startups

Binance Labs To Fund $45,000 Three Open-Source Blockchain-Powered Startups

Recommended.

The First Usable Cardano DeFi dApp Goes Live, and It’s Not SundaeSwap

The First Usable Cardano DeFi dApp Goes Live, and It’s Not SundaeSwap

January 4, 2022
Aver, a Decentralized P2P Betting Exchange, Raises $7.5M in Seed Money

Aver, a Decentralized P2P Betting Exchange, Raises $7.5M in Seed Money

April 1, 2022

Trending.

AVAX Outperforms The Global Crypto Market, Increases Its Staking Rate to 50%

AVAX Outperforms The Global Crypto Market, Increases Its Staking Rate to 50%

March 14, 2022
Can You Make Real Money From Playing Crypto Dice?

Can You Make Real Money From Playing Crypto Dice?

May 10, 2022
Will Tron (TRX) Cryptocurrency Rise Further?

Will Tron (TRX) Cryptocurrency Rise Further?

March 3, 2022
South Korea’s CJ Group Integrate to Amazon’s Blockchain for Music Copyright Management System

South Korea’s CJ Group Integrate to Amazon’s Blockchain for Music Copyright Management System

March 17, 2020
LiquidApp Provides the Dapp Network to Enhance Blockchain Network

Power Your Blockchain Network Through DAPP Network of LiquidApps

March 19, 2020
CurrentCryptocurrencyNews

CurrentCryptocurrencyNews is your one-stop news source for everything related to cryptocurrencies. You can read the latest news headlines for 24/7 on any screen. In addition to that, we provide latest news stories including fundamental and technical analysis. So, our main aim is to help crypto enthusiasts to grow according to current trends.

Email: john@currentcryptocurrencynews.com

Follow Us

Cryptocurrency Updates

Trends Transforming the Crypto Gambling Industry in 2022
Cryptocurrency News

Trends Transforming the Crypto Gambling Industry in 2022

by Stuart Pearson
February 1, 2022

Categories

  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • PR
  • Price Analysis

Recent Updates

Can You Make Real Money From Playing Crypto Dice?

Can You Make Real Money From Playing Crypto Dice?

May 10, 2022
Fantom Launches USDB Stablecoin

Fantom Launches USDB Stablecoin

April 1, 2022
Is It Profitable to Mine Hedera Hashgraph Coin?

Is It Profitable to Mine Hedera Hashgraph Coin?

March 24, 2022
  • About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team

Copyright © 2022. CurrentCryptocurrencyNews. All Rights Reserved.

No Result
View All Result
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • PR
  • Price Analysis

Copyright © 2022. CurrentCryptocurrencyNews. All Rights Reserved.