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Winklevoss-Backed Flexa Expands Crypto Funds Service to Canada

Cost answer Flexa goes worldwide with a Canadian market launch.

Flexa, which launched the U.S. version of its SPEDN cryptocurrency pockets in mid-Could, introduced its Canadian growth in an official weblog put up. Backed by cryptocurrency trade Gemini, Flexa’s worldwide motion is preceded by assist for cryptocurrencies litecoin and zcash and the launch of an Android beta cell app.

Functioning like a pipeline for industrial transactions, SPEDN processes common purchases in cryptocurrencies like bitcoin, ethereum, bitcoin money or native token flexacoin.

At this time, SPEDN is now open to Canadians on each iOS and Android. The put up claims 7,500 Canadian retailers will likely be on-boarded by early September.

With all funds insured and custodied by Gemini, Flexa says Canadian and U.S. customers can use SPEDN in both nation freed from conversion charges or trade charges points.

Talking with CoinDesk, Flexa co-founder Tyler Spalding stated the funds processor plans on launching in a couple of extra nations by the top of the yr however can’t disclose the places.

On-boarding extra cash can also be within the works.

“Concerning the market, we anticipate appreciable progress of ‘spendable cryptocurrencies’ like secure cash and loyalty cash over the following yr that may drive client demand for spending,” Spalding stated. “We’re working with a number of initiatives and intend to launch many new cash on the community shortly. For now, we’ve been actually impressed with the present communities and their repeated use of the SPEDN app, significantly litecoin.”

Canadian cryptocurrency trade Coinsquare partnered with Flexa for the launch.

Canada picture through CoinDesk archives

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