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Payments are the next big barrier to worldwide cryptocurrency adoption. A new cooperation between Incomm Payments and Flexa will enable crypto payments for hundreds of thousands of retailers globally.
Incomm Payments, a worldwide payments provider with over 500,000 points of distribution, has partnered with Flexa to enable businesses to begin taking cryptocurrency payments in Bitcoin (BTC), Ether (ETH), and dozens of other digital currencies.
Stefan Happ, Incomm Payments’ president, said the new partnership will enable merchants to capitalize on growing retail adoption of cryptocurrencies:
“By integrating with Flexa’s comprehensive solution for digital currency acceptance, we’re helping to unlock powerful consumer spending opportunities for brands and further enrich the consumer experience.”
Flexa co-founder Trevor Filter said his platform was designed to “make payments more efficient, accessible, and affordable for people all over the world,” adding:
“Our merchant-focused mission is one-hundred percent aligned with InComm Payments’ relentless focus on developing valuable, innovative solutions for their retail customers […]”
Flexa enables retailers to accept digital currencies such as Celo, Dai, Gemini dollar, and USD Coin. It also accepts 10 digital tokens, such as Chainlink (LINK), Terra (LUNA), and Loopring (LRC). Among the supported cryptocurrencies are BTC, ETH, Algorand (ALGO), and Dogecoin (DOGE).
Payments are a well-publicized yet underused application of cryptocurrency. This looks to be changing as technology firms and merchant service providers gradually provide more onramps for bitcoin transactions. As previously reported by Cointelegraph, e-commerce merchant services provider OLB Group recently revealed that over 8,500 of its company clients may now accept cryptocurrency payments.
Crypto payments are also gaining popularity in Latin America and Africa, where residents are attempting to avoid currency regulations and exchange-rate instability.