What is Flexa?

Flexa is a New York City-based company that manages a blockchain-based payment network, the Flex Network Protocol, which allows users to spend crypto at brick and mortar retailers through its Spedn app. The app generates a QR code at checkout, which retailers scan to instantly receive their preferred fiat currency for the transaction, while the equivalent amount of crypto is deducted from users' wallets within the app. Instant payments are made possible through the use of the network's native token AMP.