Persistent rumors that Chicago trading giant Jump might be interested are not backed by hard evidence. Is Chicago trading giant Jump going to use AMP?
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Such a move could dramatically and rapidly increase the adoption of Flexa.Īnother variable to consider is that AMP’s far more significant growth potential could be from institutional and pro traders accessing its collateral pools. This adds weight to the theory that an appearance at Mainnet by founder Spalding could be highly significant.Īlso, it should be noted that the Amp governance proposal in March this year to distribute 1% of the fixed total supply to the developers of the Flexa-enabled application is yet to be rolled out, so that may be imminent. On the announcement side, a poster on Reddit speculates that going by the average flow of announcement frequency, the project is well overdue to make some. The greater the volume going through Flexa, the more rewards there are for stakers from the fee charged on each transaction – stakers are the ones providing the assets for collateral pools via Flexa Capacity.
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The fact is probably helping Flexa adoption there is no need for any extra hardware or complicated software upgrades. As opposed to the point of sale service used by more than 41,000 merchants in the US and Canada.
Some in the community expect an announcement forthcoming on the status of payments made directly on apps. However, the Amp price was severely impacted after Binance.US delisted it following the SEC’s mention of the coin as unlisted security.Īmp price – what is behind the pump in the price?Īlthough there is no solid news, Flexa founder Tyler Spalding is speaking at Messari’s Mainnet event on 22 September. That is extremely useful for payment networks such as Flexa that provide consumers with a way of spending their crypto and merchants accepting the value held in those assets.įlexa instantly converts from crypto to fiat, so the merchant never has to handle the crypto and therefore does not assume the risk of the price changing in a direction that could lead to losses. The unique selling point of Amp is that it provides instantly verifiable collateral to users of its base layer. Indeed, Chipotle’s clever “buy the dip” marketing campaign around accepting crypto payments earlier this year put Amp and the Flexa network on top of it on the map. Using SPEDN, spend 25 or more crypto at physical stores, with Chipotle among them. The Amp crypto asset will be known to many as the platform that hosts the Flexa instant crypto payments app, which in turn powers the SPEDN app.Īmp unique selling point – instant collateral Just in today’s session, Amp is gaining over 14%.Flexa Network Provides Consumers a Way of Spending Crypto and Merchants to Accept the Value Held in those Assets. As such, the expanding use of Amp is driving up the crypto’s value. And as more people flock to these apps, the more exposure they get to Amp.
Flexa continues to ink partnerships with many big players for example, they have their collaboration with Gemini on the Gemini Pay app. With the adoption of Flexa products, Amp tokens are becoming more and more ubiquitous in the crypto world. Additionally, users can simply use Amp tokens as they would use any other crypto on the network to pay for goods. This is done through the staking of Amp with each transaction. The Amp token is used as collateral for the network, providing security for both buyers and vendors if a transaction does not properly go through. Its most well-known products include those that allow users to pay for everyday things using a wide variety of cryptos that the network supports. Flexa is a DeFi company that develops products for things like custody and coin swapping. Amp is the collateral token of the Flexa network.
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