One of Canada’s top crypto exchanges, Coinsquare, has partnered with United States cryptocurrency payments startup Flexa to bring in-store digital currency payments to Canada.
In-store crypto payments in Canada
The official Twitter account of Canadian cryptocurrency exchange Coinsquare announced on August 13 that the firm partnered with U.S.-based crypto payments startup Flexa. The partnership will reportedly allow the latter company to expand its in-store crypto payment processing services to Canada. Coinsquare noted:
“One of the biggest hurdles in mass adoption for crypto is finding a way to let users spend it. We are excited to bring Flexa's solution for this problem to #Canada.”
Per the announcement, the exchange will also add Flexa’s spend features to its apps, allowing its users to spend directly from their on-exchange balance in over 7,500 physical stores in Canada.
A variety of accepted coins
According to a promotional video featured on Flexa’s official website, the startup’s service supports Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH). Furthermore, a post published by the company on Medium today suggests that they also support Litecoin (LTC), anoncoin Zcash (ZEC) and stablecoin Gemini Dollar (GUSD).
As Cointelegraph reported in February, at the time Coinsquare was laying off almost 30 percent of its staff, including its chief financial officer (CFO) and chief operating officer (COO).