Major Retailers as Whole Foods Now Accept Crypto Payments, Among the Spedn App of Flexa
Whole Foods, the company in Amazon possession, together with some other big-name retailers, is now going to accept payment in cryptocurrencies. The latest development has been made possible by the collaboration between Gemini, which is a crypto that the Winklevoss twins own, and Flexa, a payments startup.
The partnership of Gemini and Flexa allows accepting crypto
The collaboration between Flexa and Gemini is going to permit the big retailers like Nordstrom, Whole Foods, Crate and Barrel, to accept cryptos as payments for different goods.
This crypto payment option takes advantage of the digital scanners which the retail outlets use to receive payments based on mobiles from applications such as Apple Pay.
On its own part, Flexa convinced the retailers listed above, as well as some other like Gamestop, Baskin Robbins, and Regal Cinemas to design their scanning devices in order to recognize payment which is made from Spedn, which is its crypto application.
This app actually permits people to pay for some services and products on the retail platform with the use of cryptos, such as Bitcoin or BTC, Bitcoin Cash or BCH, Ethereum or ETH, and Gemini dollar or GUSD.
Tyler Spalding, who is the chief executive of the application, pointed out that the merchants are actually interested as the payment option will give them the chance to reduce the commission rates they actually pay to the other existing payment platforms. Tyler also added that crypto payments will create the opportunity for stores to test out some new types of customer benefits based on blockchain.