Flexa will let you pay at Whole Foods using your bitcoin
A new payment network called Flexa is launching today that’ll let you spend cryptocurrencies in physical stores. The technology currently supports bitcoin, ether, bitcoin cash, and the gemini dollar, and it’ll work at retailers including GameStop, Nordstrom, Whole Foods, Caribou Coffee, Jamba Juice, and Crate and Barrel. The eventual goal for Flexa is to support payments using any cryptocurrency to pay any merchant.
You pay for your items using Flexa’s app, Spedn, which generates a QR code that you scan at the checkout register. The merchant receives immediate payment in dollars, and the equivalent amount of cryptocurrency is debited from your cryptocurrency wallet in the Spedn app.