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Flexa

AMP

  • Payments
  • CeFi
Established Year
2018
Headquarter
United States
Operating Status
Active
Flexa is a versatile digital payments platform that offers several key features. As a merchant-focused app, Flexa has point-of-sale (POS) hardware compatibility and is designed to reduce costs, settlement times, and fraud. Payments are collateralized by Flexa's ERC-20 token Amp, which can be staked as collateral and receive additional Amp as a staking incentive. Flexa uses "flexcodes," unique barcodes that are generated and scanned for each transaction, enhancing security and consumer privacy. Accepted all over North America, Flexa aims to scale globally and integrate with numerous apps and payment options.

Organisation

Team

Financial Portfolio

Funding

N/A
4 Investors
$14.1 M

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Frequently Asked Questions

What Is Amp (AMP)?

Amp is an open-source, decentralized protocol that provides collateral as a service. Amp is described as the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. Using Amp, networks like [Flexa](https://www.coinlive.com/coin/flexacoin) can quickly and irreversibly secure transactions for a wide variety of asset-related use cases. The project, which launched in 2020, aims to provide a fast, efficient, and secure transaction platform. It claims to solve a number of network problems, including slow confirmation times, price volatility and broad adoption. Amp claims to offer a straightforward but versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Collateral partitions can be designated to collateralize any account, application, or even transaction, and carry balances which are directly verifiable on the Ethereum blockchain. Collateral managers are smart contracts that can lock, release and redirect collateral in these partitions as needed in order to support value transfer activities. Amp supports a wide variety of use cases for collateralization, and also introduces the concept of predefined partition strategies, which can enable special capabilities such as collateral models through which tokens can be staked without ever leaving their original address.