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Flexa (AMP): The MISSING KEY To Crypto Adoption?! ๐Ÿ”‘



๐Ÿ”ฅ TOP Crypto TIPS In My Publication ๐Ÿ‘‰
๐Ÿ† My $2.5K Buying and selling Comp & Offers ๐Ÿ‘‰
๐Ÿ“ฒ Coin Bureau Insider Channel ๐Ÿ‘‰
๐Ÿฆ Comply with Our Twitter ๐Ÿ‘‰

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– TIMESTAMPS –
0:00 Intro
2:08 Drawback Flexa is Fixing
4:47 Crypto To The Rescue?
6:17 However You Can Already Spend Crypto
10:17 Flaxa Mission
14:55 Flexacoin is Now AMP
18:59 AMP Tokenomics
21:01 How Are Flexa Doing?
22:20 Last Ideas

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โ›“๏ธ ๐Ÿ”— Helpful Hyperlinks ๐Ÿ”— โ›“๏ธ

โ–บ Flexacoin Whitepaper:
โ–บ Card Fraud Losses Totalling $28 Billion:
โ–บ Fee Processing Charges:
โ–บ Whatโ€™s Flexacoin:
โ–บ Flexa Capability:
โ–บ Flexaโ€™s Response To COVID:
โ–บ AMP Swap & Extra:

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โ“ What Drawback Is Flexa Fixing โ“

Itโ€™s laborious to be a service provider and thatโ€™s largely because of issues like card fraud, transaction prices and chargebacks.

So, how massive an issue is that? Nicely, listed below are some stunning figures:

โ–บ Card fraud prices $28 billion a 12 months.
โ–บ Chargebacks account for round 0.5% of all transactions made.
โ–บ Fee processing charges sit at round 3% or 4% of the worth of a complete transaction.

All that prices the service provider cash and, whatโ€™s worse, is that smaller companies are disproportionately impacted. Thatโ€™s as a result of they donโ€™t have the assets to deploy prime of the road programs and processes to detect or take care of these items.

Relating to card transactions within the US, there are about ten totally different steps occurring within the backend. With a multitude like that, itโ€™s no surprise that cost processing prices are so excessive.

โ›‘๏ธ Crypto To The Rescue? โ›‘๏ธ

It seems that having tamper-proof transactions on a blockchain is fairly helpful for retailers with regards to serving to to unravel fraud issues.

Fee processing prices will be lowered and blockchain inherently supplies native help for boardless funds – helpful if you wish to serve different markets.

๐Ÿ’ฐ Cryptoโ€™s Already Spendable ๐Ÿ’ฐ

The reality is that almost all of cash moved immediately is transacted with legacy programs constructed within the Nineteen Seventies.

Most crypto playing cards are merely a bolt on to these legacy programs.

Additionally, crypto transaction occasions of round 20 minutes are fairly impractical with regards to spending crypto in the actual world.

โš™๏ธ Flexa โš™๏ธ

The Flexa challenge is principally made up of three major elements.

โ–บ The SPEDN app and Flexaโ€™s ecosystem of built-in apps
โ–บ Flexa Community Protocol
โ–บ Flexacoin/AMP

SPEDN was created by Flexa and is the primary app that enables for sensible crypto funds by enabling immediate, no-fee transactions in shops and on-line.

The Flexa Community Protocol is an open customary that enables for fast crypto funds in shops and on-line, while permitting retailers to obtain fiat deposits by way of their level of sale.

Flexacoin was a impartial collateral token that helped facilitate these immediate crypto funds on the level of sale in terminals. Nonetheless, there may be an ongoing token swap proper now with Flexacoin being swapped one to at least one with AMP. AMP has inherited all of the use circumstances of Flexacoin.

๐Ÿค‘ AMP Tokenomics ๐Ÿค‘

Watch my video for extra particulars on that.

๐Ÿค” How Are Flexa Doing? ๐Ÿค”

Within the first 12 months of operation, the SPEDN app has not solely helped retailers decrease processing prices in comparison with debit or bank cards however can also be but to lose a single penny or Satoshi to fraud!

With COVID being a bit of little bit of a difficulty for bricks and mortar retailers this 12 months, Flexa have determined to set service provider charges to 0% for the remainder of the 12 months and prioritized the event of their Shopify plugin for on-line gross sales.

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๐Ÿ“œ Disclaimer ๐Ÿ“œ

The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who shouldn’t be a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable danger of loss. The speaker doesn’t assure any explicit end result.

#Flexa #Amp #crypto #gemini #evaluation #blockchain #flexacoin #spedn

Source: Coin Bureau

34 Responses

  1. Hey Guys. Getting questions on how to get this. There are two ways. Firstly, you can just wait until trading goes live on Gemini on the 15th. They are accepting deposits now: https://twitter.com/Gemini/status/1304412274803773442.

    Alternatively, you can buy Flexacoin (FXC) on the likes of Bittrex and use their tool to convert to AMP tokens. Do be warned though as liquidity / volume is really low. To do the migration, connect your MetaMask, Coinbase Wallet, or Wallet Connectโ€“enabled digital asset wallet to the new Flexa Capacity dApp at app.flexa.network and follow the simple steps to migrate…

  2. Thank you for the more in-depth video. I just learned about AMP last night and I think I will put in some stakes on Friday. If this can help with the adoption of crypto, it's worth the investment. *I'm not a financial advisor, so I'm willing to risk about $40 of my own money to support this. Please don't follow my advice and speak to your financial advisor before making investment decisions.

  3. I love the content on your channel. You are surely my go to when researching the crypto market. BUT, the fact that you support Binance exchange is making it really difficult to continue watching your videos. Binance is a shady exchange and if you just dig a little bit it is obvious. Must be a sponsor, is the only reason that i can think of as to why you promote them. Unless you own a good bit of their coin.

  4. The term "cash" does not mean "the means by which small purchases are made" but rather "a form of final settlement with no remaining counterparty credit risk". In this sense, Bitcoin is still a cash system. The Lightning Network seems to be the solution for making small payments with this digital cash.

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