Business Description
The Flexa network is a digital payments network that supports over 99 cryptocurrencies across 12 blockchain networks, supporting over 41,000 locations. The payments network was developed to remove costly intermediaries and enable the universal acceptance of various digital assets by integrating with existing payments infrastructure at the point-of-sale (POS). In real time, Flexa’s payment solutions facilitate instant, economical, and fraud-proof settlements in-store, online, or through mobile applications.
Flexa utilizes existing centralized payment infrastructure like merchant POS systems, online, and mobile applications to facilitate transactions. However, Flexa’s hybrid approach incorporates decentralized networks as a settlement layer to authenticate and validate transactions on-chain. Being on-chain eliminates the need for financial intermediaries and reduces transaction costs related to fraud, all while preserving transaction security and privacy.