A prominent platform for crypto payments all over the world — InComm Payments —which has more than 500 000 distribution outlets, has embarked on a partnership that enables the acceptance of payments in BTC and other digital currencies by vendors through Flexa. This recent coalition between the two firms will facilitate efficient payments for many vendors, which has been a major drawback to crypto adoption all over the world.
According to the president of InComm Payments, Stefan Happ, the partnership is going to make it possible for vendors to invest on rising retail adoption of digital currencies. He added that, by the coalition with Flexa, they are providing opportunities for vital consumer spending for brands and also enables a consumer-friendly experience.
Trevor Filter of Flexa noted that his network was developed for cheap, easily accessible, and highly efficient payments worldwide. He also stated that the relentless effort of providing helpful, ingenious solutions for retailers by InComm Payments is perfectly in line with their mission which is focused on vendors. Through Flexa, vendors can accept USD Coin, Celo, and other digital dollars. Also, it enables 10 digital tokens, including Terra, Loopring, and Chainlink. Bitcoin, ETH, DOGE, and other digital currencies are supported on the platform.
Although cryptocurrency payments are greatly lauded, they are not properly harnessed. Nevertheless, the introduction of new onramps for crypto businesses by vendor services platforms and technology firms appears to have caused an improvement. Recently, the OLB Group — an e-commerce vendor services platform — disclosed that over 8500 of its clients can currently accept cryptocurrency payments.
As residents of Africa and Latin America attempt to circumvent currency regulations and price volatility, crypto payments in such areas are rising in popularity.
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