Thread by @InfiniteAtman

Flexa’s payment rails will be adopted globally.
Here are 21 reasons why it’s inevitable:

@FlexaHQ @amptoken $AMP

1/ No drawbacks. With Flexa, merchants can easily accept digital assets while settling in fiat. No need to update hardware, or engage with crypto specific complexities like compliance, tax liabilities, security and exchange rates.

prnewswire.com/news-releases/…

2/ Mobile payments. The future of payments is mobile. Dominance of card payments will decline. China and South Korea have already embraced mobile apps as their main payment method, Europe and the US will follow.

https://twitter.com/InfiniteAtman/status/1365302589160587272

3/ Security. Flexa payments utilise the high security standards of cryptographic transactions, countering classic types of credit card exploits. Fraud cases on Flexa rails so far: 0

forbes.com/sites/thomasbr…

4/ Privacy. Traditional clearing methods require the routing of sensitive data though many intermediaries, with a high risk of leaks or breaches. With Flexa, customer data is no longer stored in centralised data silos.

investopedia.com/news/5-biggest…

5/ CBDC’s & stablecoins. Both are currently experiencing major global traction and will soon change the way we transact. These assets will render legacy payment rails irrelevant and validate the value proposition of pure-digital solutions.

https://twitter.com/InfiniteAtman/status/1346294641335922694?s=20

6/ Historic pain points. Card payments consistently rank amongst the greatest obstacles of innovation of banking services. New solutions that foster growth are urgently needed. The market is ripe for the taking.

source: Mckinsey payment report mck.co/3fzhAsF

7/ Open source. Flexa rails are open and permissionless. Anyone can utilise their reach, by simply integrating the spend SDK. No complex onboarding, no additional bank accounts, no centralised administrative overhead.

developer.flexa.network/spend/

8/ It’s Decentralised. The Flexa network is not owned by any single entity, free of the need to make profit and cannot be bought. It’s incentive structure is hardcoded to maintain network health at the lowest possible fee structure. How do you compete with that?

9/ Simplicity. Using DLT’s any transaction can now be verified globally. Flexa automates the public verification and turns it into an ubiquitous decentralized and permissionless clearing layer. Simple, yet elegant.

10/ Liquidity. Through decentralised collateral pools applications can instantly source large amounts of liquidity from a global market, without the need to raise. This fosters innovation and competition.

app.flexa.network

11/ Distributed risk. Flexa’s approach to decentralise intermediary liquidity in order to patch the uncertainties of confirmation times avoids single points of failure. The network is in fact self regulating.

amptoken.org/whitepaper.pdf

12/ It’s cheaper. Card payments consistently rank amongst the highest operational expenses for merchants. Cheaper payments are urgently needed. By cutting out intermediaries along the payment chain Flexa payments comparatively require a fraction of the cost.

13/ Digital cash. Flexa delivers on Satoshis vision by offering an ubiquitous solution that makes digital asset spendable, by providing payment finality regardless of congestion and asset specific confirmation time. You can now buy your coffee with BTC.

coindesk.com/crypto-stripe-…

14/ Partners. Flexa is backed by a number of household industry names. to name a few: @Consensys (leader in DLT engineering) @NCRCorporation (worlds largest provider of POS systems) and @Gemini (known for its high standards in compliance).

ncr.com/company/blogs/…

15/ It’s invisible. Flexa will come to you through your trusted interface, without changing UX. Your wallet will take care of customer relationships and security, while Flexa facilitates payments in the background. You don’t even need to know it’s there.

16/ Compliance. From day one Flexa has been closely working with regulators and exclusively partnering with compliant entities. It has money transmission licenses in place and is registered in the most restrictive jurisdiction, New York, via the NYDFS.

reddit.com/r/AMPToken/com…

17/ It’s live and working. Via Spedn and Gemini pay, Flexa rails have been battle tested in the open for more than two years now. Flexa’s SDK is live for both online and in-store payments and is ready to be implemented by merchants globally.

medium.com/flexa/the-flex…

18/ Exchange rates. Flexa solves the problem of price volatility impacting payments. Confirmations are instant and merchants are guaranteed to receive their local fiat equivalent of the transaction without the need to exchange.

19/ Use cases. Flexa’s generic collateral token $AMP is widely applicable, even beyond payments. Wherever value transfer requires instant finality, AMP can help. E.g. facilitating leverage settlements, lending markets or minting.

medium.com/amptoken/intro…

20/ It’s agnostic. Flexa rails harmonise the payment experience, indifferent to the type of asset. The network will support many digital currencies, tokens, coins, CBDS’s etc, extending merchant acceptance and freedom of choice for customers.

flexa.network/currencies

21/ Patents. Key modules of Flexa’s architecture are protected by patents, including the concept of sourcing decentralised collateral through staking pools