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Digital Payments Platform Flexa Launches Crypto Point-of-Sale Tool
Flexa Components will allow retailers to accept crypto payments like USDC at the point of sale.
Updated Aug 16, 2024, 11:55 a.m. Published Aug 16, 2024, 11:52 a.m.
- Flexa Components allows customers to pay at a retail point-of-sale with USDC and other crypto.
- Flexa says it has signed up a number of well-known retailers to the platform
Flexa has introduced Flexa Components, a tool that simplifies crypto payments for merchants, allowing for what it says are direct, fee-free digital wallet transactions.
Flexa says Components will allow customers to pay for purchases with their preferred crypto wallets. Customers will be able to use their mobile wallet app to scan a QR code or tap a "Pay" button integrated into the merchant's payment system, similar to existing mobile payments like Google Pay.
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"We believe that embedding, accepting, and using digital currencies should be easier than any other form of payment," CEO and co-founder Daniel McCabe said in a statement. "Flexa Components helps deliver on that promise."
Components supports a wide range of cryptocurrencies, including USDC, bitcoin , ether , sol and litecoin , and Flexa says it has signed up retailers including Chipotle, Mikimoto, Regal Cinemas and 99 Ranch Market.
“Components reflects our continued commitment to build a better bridge between these incredible new financial technologies and the legacy payments infrastructure," McCabe said. "We’re so excited to launch this new offering to better address today’s challenges head-on for both merchants and consumers.”
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
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- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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