Incomm Payments partnership with Flexa will enable powerful consumer spending opportunities for brands and further enrich the consumer experience.
Global payments provider Incomm Payments, with over 500,000 points of distribution, has partnered with Flexa to enable retailers to accept cryptocurrency payments in Bitcoin (BTC), Ether (ETH), and a variety of other digital assets.
According to Stefan Happ, president of Incomm Payments, the new cooperation will allow merchants to profit from the expanding popularity of cryptocurrencies in the retail sector:
“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.”
Trevor Filter, one of the co-founders of Flexa, stated his technology was created to “make payments more efficient, accessible, and affordable for consumers all across 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 […]”
With Flexa, shops can accept digital currencies such as Celo, Dai, Gemini dollar, and USD Coin. Chainlink (LINK), Terra (LUNA), and Loopring are among the 10 digital tokens it supports (LRC).
BTC, ETH, Algorand (ALGO), and Dogecoin (DOGE) are just a few of the cryptocurrencies that are supported.
Cryptocurrency payments are a well-publicized yet underutilized application of the technology. That appears to be changing as technology companies and merchant service providers gradually create additional onramps for bitcoin transactions.
According to Cointelegraph, OLB Group, an e-commerce merchant services provider, has stated that over 8,500 of its company customers may now accept crypto payments.
Crypto payments are also gaining appeal in Latin America and Africa, where residents are looking for ways to avoid currency limitations and exchange-rate instability.