Coinsquare, one of the largest cryptographic centers in Canada, has partnered with the US payment service provider Flexa to establish cryptocurrencies in retail in Canada as a means of payment.
In Canada can now be paid in crypto
The official Twitter account for Coinsquare crypto exchange is August 13 reportedthat the company has entered into a partnership with the payment service provider Flexa. This collaboration is designed to help Flexa extend its proprietary encrypted payment system to the Canadian retail sector. This could significantly improve the acceptance of crypto-currencies, as their means of payment is far from being accepted by the market. To this end, the press release states:
"One of the biggest barriers to transforming the crypto-currency mass market is finding a way to use it as a means of payment, and we look forward to working with Flexa in Canada to solve this problem."
As a result, the crypto exchange wants to integrate Flexa as a payment option into their own application, which would allow Coinsquare users to spend their crypto-credit in more than 7,500 Canadian stores.
Many pieces are supported
According to a promotional video on the Flexa website, the startup already supports Bitcoin (BTC), Ether (ETH) and Bitcoin Cash (BCH) technologies. However, another blog entry reveals that Litecoin (LTC), Zcash (ZEC) and the Gemini Dollar (GUSD) are among the crypto-currencies that the payment service provider has incorporated.
As reported Cointelegraph in February, Coinsquare had to cancel due to economic difficulties, almost a third of its workforce at that time.