flexa amp news | BTCC Knowledge

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What's new with AMP's parent company flexa?

Amp's parent company Flexa is making major moves in the cryptocurrency space. Its network is currently accepted at 41,336 locations in the U.S. and Canada, though this number is constantly, and rapidly, expanding. A quick look at Flexa's Twitter account shows near-weekly updates on new Flexa partnerships. This is great news for Amp.

What is flexa and how does it work?

The Flexa network has made instant cryptocurrency transactions possible, with its collateralized token, Amp. Amp has a non-inflationary, fixed supply of tokens, which is likely to put upward pressure on price. Flexa has a diverse and ever-increasing network of partnerships likely to increase the adoption rate of Amp.

What is the difference between flexa and AMP?

The simplest way to think about Flexa and AMP is as insurance for transactions. The merchant pays a fee to accept cryptocurrency payments via the Flexa network. The Flexa fee is usually about 1%, as compared to the 3% or higher fee that merchants must pay to credit card companies.

Is flexa and AMP a regulatory risk?

Because of this structure Flexa and Amp did dodge a bullet of regulations last year. However, since it’s so obvious how tied Flexa and Amp are, along with the fact that regulations around cryptocurrencies are getting tighter, there is a great regulatory risk surrounding Amp.