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VISA considers FLEXA to be a competitor as FLEXA is a threat to their market share and profitability, especially by younger shoppers and unbanked customers. I've said this a number of times and I will say it again. FLEXA only has market share to gain, and VISA only has market share to loose.
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I would much rather be in the position FLEXA is in vs VISA. It's all written right in the Flexa Whitepaper." (END QUOTE)Īlso remember that AMP is asset-agnostic, so even if Flexa doesn't particularly take off, other types of merchants / payment systems can also use AMP as collateral for things such as loans, property sales, whatever. This team has years of experience in blockchain development, consumer retail, hardware, machine learning, marketing and payments fields. More than 20 decades of experience specifically in technology, retail and payments. The co founders have a serious background including engineering lead at NASA and US Air Force. The Flexa team is literally stacked! Members of the team include people who held leadership positions at Amazon, American Express, Apple, Google, Mastercard, Nike, PayPal, Pinterest, Samsung, Tesla, Venmo, Visa, Walmart and more. Flexa usage literally drives its own price up! There's so much to this project!įlexas newest partner Incomm Payments is partnered with the biggest names out there here's a few: Apple, Google, Delta, Netflix, Sony, Starbucks, Target, Macy's, McDonald's, Walmart, Steam, Microsoft, Amazon, Uber, Spotify, Nike, American Express, Mastercard, Ebay, Ticketmaster. "Credit card companies charge around 3% to merchants, Flexa will be around 1% an immediate return on investment for businesses, businesses can also purchase AMP and stake it, stakers are rewarded by Flexa with AMP for staking their AMP and this reward is pulled directly from the 1% transaction fees, a business could literally pay themselves from their own transaction fees! It's brilliant ?? As merchants transaction fees occur from usage Flexa uses the fees to buy back AMP at market price to distibute the AMP to stakers. I am just copying this comment that I liked from a guy named Jeffrey Belanger who made a comment on a Youtube video.