Incomm Payments, a global payments provider with over 500,000 points of distribution, has entered into a partnership with Flexa that allows merchants to start accepting cryptocurrency payments in Bitcoin (BTC), Ether (ETH) and dozens of other digital assets.
Stefan Happ, Incomm Payments’ president, said the new partnership will enable merchants to capitalize on growing retail adoption of cryptocurrencies:
“By integrating with Flexa’s comprehensive solution for digital currency acceptance, we’re helping to unlock powerful consumer spending opportunities for brands and further enrich the consumer experience.”
Flexa co-founder Trevor Filter said his platform was designed to “make payments more efficient, accessible, and affordable for people all over the world,” adding:
“Our merchant-focused mission is one-hundred percent aligned with InComm Payments’ relentless focus on developing valuable, innovative solutions for their retail customers [...]”
Flexa allows merchants to accept digital dollars like Celo, Dai, Gemini dollar and USD Coin. It also supports ten digital tokens, including Chainlink (LINK), Terra (LUNA) and Loopring (LRC). Supported cryptocurrencies include BTC, ETH, Algorand (ALGO) and Dogecoin (DOGE), among others.
Payments are a highly touted but underutilized use case of cryptocurrencies. However, that appears to be changing as technology companies and merchant services providers slowly introduce new onramps to allow cryptocurrency transactions. As Cointelegraph reported, e-commerce merchant services provider OLB Group recently announced that more than 8,500 of its business customers can now accept crypto payments.
Crypto payments are also gaining traction in places like Latin America and Africa as locals try to circumnavigate currency controls and exchange-rate volatility.