Flexa brings cryptocurrency payments to over 7,500 Canadian merchants

Cryptocurrency • August 14, 2019, 3:55PM EDT

Cryptocurrency payment processing service provider Flexa is coming to Canada, the company announced in a blog post on Tuesday. This is Flexa's first offering outside the U.S.

According to the startup, through its partnership with Canadian cryptocurrency exchange Coinsquare, Canadian customers will be able to make payments in bitcoin, ether, bitcoin cash, litecoin, zcash, and Gemini dollar in over 7,500 merchant locations across Canada by the first week of September. Additionally, Canadian customers visiting the U.S. can use the SPEDN app to make cryptocurrency payments at U.S. merchants and vice-versa.

In May, Flexa announced the launch of its cryptocurrency mobile payments app SPEDN and a partnership with New York-based crypto exchange Gemini to enable its users to spend cryptocurrencies with major U.S. retailers including Starbucks.

Flexa was founded in 2018 and has raised $14.1 million from investors including Pantera Capital, 1kx, and Nima Capital through a private token sale.

About Author

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi