Digital payments platform Flexa unveils new Components feature.

Date – 16-Aug-2024

Flexa Unveils Flexa Components: A New SDK for Seamless In-App Digital Asset Payments

Flexa, the leading platform for merchant digital payments, has introduced Flexa Components, a new suite of mobile-first solutions designed to streamline direct wallet payments with digital assets for in-person transactions. This groundbreaking feature offers the first asset-agnostic, embeddable interface that integrates with merchant point-of-sale systems, allowing payments directly from digital wallet apps using Base, Bitcoin, Ethereum, Lightning, Litecoin, Polygon, Solana, and Zcash. Key supporters of Flexa Components include Base, the Electric Coin Company, Lightspark, the Litecoin Foundation, and the Solana Foundation, among others. These collaborations bring Flexa Components to prominent merchants such as Chipotle, I-Shoppes, Mikimoto, Regal Cinemas, and 99 Ranch Market.

Current digital payment systems are often confined to closed networks or specific blockchains, creating a fragmented acceptance landscape that limits the potential of digital currencies. Flexa Components aims to overcome this by simplifying integration for developers and enhancing functionality like scanning. For merchants, this means faster, smoother payment processing, while consumers benefit from a more efficient way to use their digital assets without the high transaction fees usually associated with crypto credit/debit card payments.

“We believe digital currencies should be as easy to use as any other payment method,” said Daniel McCabe, CEO and co-founder of Flexa. “Flexa Components helps achieve that goal, providing a lower-fee payment gateway for merchants and a more seamless experience for users. It’s a win-win for everyone involved.”

Available through the new Flexa SDK for iOS, Android, and React Native, Flexa Components combines cutting-edge design and technology to offer a superior payments experience. Key features include:

• Spend: A pay button that developers can embed directly into their apps.
• In-person Payments: Facilitates transactions at thousands of merchant locations across the U.S.
• Best Exchange Rates: Provides the best market rate on every payment with zero transaction fees and no spread.
• Native Blockchain Compatibility: Supports Bitcoin, Ethereum, Solana, Lightning, Litecoin, Polygon, and Zcash, with additional networks to be added.
• Scan: A replacement for existing wallet app scanner functionality.
• Simple Payments: Supports payments via scan or QR code, including all major payment request formats.

This launch aligns with Flexa’s mission to integrate digital currencies into mainstream usage, offering universal utility for global merchants, developers, wallets, consumers, and blockchain networks.

“Flexa Components embodies our ongoing commitment to bridge innovative financial technologies with traditional payment systems,” said Trevor Filter, co-founder of Flexa. “We’re excited to introduce this solution to tackle today’s challenges and enhance the payment experience for both merchants and consumers.”