• Sat, 24 Aug 2019, 08:33 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Bitcoin, digital currencies to be accepted by Starbucks, Amazon’s Whole Food, other major retailers

Wed, 15 May 2019, 11:59 am UTC

A new retail initiative formed through the partnership of payment start-up Flexa and Winklevoss-owned digital currency firm Gemini could witness major retailers like Crate and Barrel, Nordstrom, Starbucks, and Amazon-owned Whole Foods accept Bitcoin (BTC) and three other digital currencies as payment, as reported by Fortune.

Flexa has announced a limited launch of its network and mobile app that will facilitate instant cryptocurrency payments in stores and online for several retail merchants. Merchants can easily accept cryptocurrencies from consumers who have the new SPEDN mobile wallet app.

SPEDN is Flexa Network’s very first app, which was initially designed only to spend cryptocurrencies. Flexa persuaded the retailers to configure their in-store scanners to recognize transactions done through the app.

Users simply need to hold up the app to the cashier for payment. The merchant will receive the payment in real-time in either crypto or dollars. Other supported cryptocurrencies include Bitcoin Cash (BCH), Ethereum (ETH), and Gemini Dollar (GUSD.

The idea of living on crypto is now a reality. You can now do it,” Gemini CEO Tyler Winklevoss told Fortune. “For the consumer, it amounts to being crypto conscious. It’s like being green.

Meanwhile, Tyler Spalding, Flexa CEO, told Fortune that this initiative allows merchants to save on the commission fees that they pay to current payment networks. The company also plans to offer developer kits to other companies who are willing to integrate Flexa’s scanner payment technology into their own services or apps.

Forbes reported that other companies that are now officially accepting cryptocurrencies include Baskin Robbins, Bed Bath & Beyond, Caribou Coffee, Express, GameStop, Jamba Juice, Lowe’s, Office Depot & OfficeMax, Petco, Regal Cinemas, and Ulta Beauty.

Flexa Network revealed its plans to introduce more apps later this year, including the Wallet SDK. It is a simple drop-in with just a few lines of code that will allow app developers to integrate Flexa payments.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,131.70 (-2.62%)
  • Ethereum (ETH) $190.12 (-1.97%)
  • XRP (XRP) $0.273000 (-1.01%)
  • Bitcoin Cash (BCH) $306.61 (-1.99%)
  • Litecoin (LTC) $73.35 (-2.30%)
  • Bitcoin (BTC) $10,131.70 (-2.62%)
Aug 23, 2019 (Friday)
11:35
Stablecoin project Terra receives funding from HashKey Capital
10:49
Three of the founding members of Libra Association consider backing out: Report
08:55
Overstock's Patrick Byrne steps down as CEO
08:52
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
07:22
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
07:19
BitGo announces support for multi-signature EOS wallet and custody services
06:39
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
06:14
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
05:13
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
05:04
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
03:53
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
13:05
Crypto exchange Coincheck mulls launching IEO Platform
12:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:53
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:42
Sierra Leone launches blockchain-based National Digital Identity Platform
10:43
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
09:52
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
09:16
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft