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- Flexa AMP , the digital currency payment option for brick-and-mortar retail stores
- Flexa provides a hybrid solution for cryptocurrency acceptance and spending
- AMP rise is unique among all high flying altcoins
The in house token of cryptocurrency payment app Flexa AMP is scaling new heights after major exchange Coinbase listed it. The crypto-token surged past $0.11 per coin for the first time on June 17. It represented a rise of 1700% in 2021.
Flexa has established a niche among cryptocurrency, which offers a digital currency payment option for brick-and-mortar retail stores. In addition, Flexa provides a hybrid solution for cryptocurrency acceptance and spending.
Flexa AMP surge equals 1700%
Flexa, in its previous avatar, was known as Flexacoin (FXC), or the infrastructure token. Flexacoin was changed to AMP late last year in a major metamorphosis. The change bore well, and the token values continued to rise throughout 2021 from a starting value of just $0.006 to reach present levels of $0.11, a surge of around 1,700%.
Flexa is also partnering with Canadian multinational e-commerce company Shopify. Shopify recently announced that it would expand its payment options to Facebook and Google merchants this week. The news came as a godsend for AMP, and it surged by 25% in the past 24 hours alone as exchange Coinbase launched trading.
U.S. Food and Retail store Sheetz has also confirmed that it will start accepting Bitcoin (BTC) payments via Flexa’s service. Co-founder and CEO of Flexa, Tyler Spalding, said that Flexa was launched two years ago as the first digital token payment option for brick-and-mortar retail. Today Flexa supports more than 41,000 merchant locations across the U.S.
Light at the end of the dark crypto tunnel
The last few days have been particularly hard on cryptocurrency trade around the globe. Bitcoin values have crashed, and the affairs of other token are no different. The Flexa surge comes as a welcome relief to an industry that is facing catastrophe with cataclysmic regularity.
AMP rise is unique among all high flying altcoins and is almost twice that of the next largest riser, XinFin Network (XDC). It was a mixed day for altcoins while the larger coins like Bitcoin and Ethereum were on the downside. Most commentators believed that traders were in a wait and watch attitude.
Cryptocurrency trade-A rise expected after bottoming
Most experts did not foresee any huge fall in the cryptocurrency trade. On the contrary, huge funds are waiting around the corner to be plunged into the cryptocurrency segment, and now the only question is –When is the optimum moment? However, experts are also warning that major cryptocurrency will bottom out before the next trending move. The cryptocurrency market is today valued at $1.632 trillion, with Bitcoin’s share at 45.1%.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
