InComm Payments merchants can now accept crypto through Flexa

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Incomm Funds, a world funds supplier with over 500,000 factors of distribution, has entered right into a partnership with Flexa that enables retailers to start out accepting cryptocurrency funds in Bitcoin (BTC), Ether (ETH) and dozens of different digital belongings. 

Stefan Happ, Incomm Funds’ president, mentioned the brand new partnership will allow retailers to capitalize on rising retail adoption of cryptocurrencies:

“By integrating with Flexa’s complete resolution for digital foreign money acceptance, we’re serving to to unlock highly effective client spending alternatives for manufacturers and additional enrich the buyer expertise.”

Flexa co-founder Trevor Filter mentioned his platform was designed to “make funds extra environment friendly, accessible, and reasonably priced for folks everywhere in the world,” including:

“Our merchant-focused mission is one-hundred p.c aligned with InComm Funds’ relentless concentrate on growing priceless, modern options for his or her retail clients […]”

Flexa permits retailers to just accept digital {dollars} like Celo, Dai, Gemini greenback and USD Coin. It additionally helps ten digital tokens, together with Chainlink (LINK), Terra (LUNA) and Loopring (LRC). Supported cryptocurrencies embody BTC, ETH, Algorand (ALGO) and Dogecoin (DOGE), amongst others.

Associated: Visa stories over $1 billion in crypto spending in H1 2021

Funds are a extremely touted however underutilized use case of cryptocurrencies. Nonetheless, that seems to be altering as expertise corporations and service provider companies suppliers slowly introduce new onramps to permit cryptocurrency transactions. As Cointelegraph reported, e-commerce service provider companies supplier OLB Group lately introduced that greater than 8,500 of its enterprise clients can now settle for crypto funds.

Crypto funds are additionally gaining traction in locations like Latin America and Africa as locals attempt to circumnavigate foreign money controls and exchange-rate volatility.