Recently Flexa and Gemini set the crypto world abuzz with the launch of their real-time crypto payment platform. Through Flexa’s Spedn, a crypto app, crypto owners can now spend their hard-earned Bitcoin (BTC) and crypto or Gemini Dollar at over 15 of US giant retailers including Nordstrom and Whole Foods. Speaking on the development, Tyler Winklevoss of Gemini said that “merchants who are currently subject to overly complex, expensive legacy systems of credit and debit cards stand to benefit significantly.”
As novel as this step towards crypto mass adoption is, many purists remain unconvinced that it is indeed a step towards the right direction. The pundits cite Flexa’s centralization as a negative aspect of the platform because, in crypto, the asset owners really should be the only reliable third parties.