Owned by the Winklevossam brothers, Gemini has announced a partnership with the Flexa payment network, thanks to which large American retailers will start accepting cryptocurrency for payment.
We're excited to announce our partnership with @FlexaHQ at # Consensus2019 . This partnership enables select retailers to accept #crypto payments in stores. Spend your crypto in person, on the go! #CryptoNotCredit https://t.co/5dIUjkZ4q5 pic.twitter.com/j9jSSGrCvX
– Gemini (@Gemini) 13 of May 2019 p.
According to Tyler Winklevoss, users of the mobile application SPEDN can now spend Bitcoin, Ethereum, Bitcoin Cash, and the stable Gemini dollar (GUSD).
In particular, users will be able to spend cryptocurrency in the networks of Baskin Robbins, Nordstrom, Whole Foods, Crate & Barrel.
According to the CEO of the Morgan Creek Digital Asset Management Digital Fund, Anthony Pompiano, you can also spend bitcoins in the famous Starbucks coffeehouse chain.
BREAKING: Whole Foods, Starbucks, and other retailers are now accepting Bitcoin in stores with @Gemini 's help.
Don't listen to the trolls. We're watching a new global currency being right in front of us.
THE VIRUS IS SPREADING! ?
– Pomp ? (@APompliano) May 13, 2019 p.
According to Fortune , the Flexa network “persuaded retailers, including Regal Cinemas, Gamestop and Baskin Robbins, to configure their scanners to recognize payments coming from a cryptocurrency application called SPEDN”.
“To pay, the client only needs to bring the application. The store cashier, as a rule, does not even know that the customer is paying with a cryptocurrency. At the same time, the merchant receives real-time payments in the chosen currency – cryptoactive assets or dollars. ”
The author also noted that he personally tested the application:
“The application seems to perform the stated functions. This weekend I tried to download a test version of SPEDN and transferred bitcoins worth $ 10 to it. Then I went to Baskin Robbins and with the help of the app I got coffee there. It worked. After that I went to Starbucks (another project partner, but unofficial) and bought a banana. That worked too. In each case, the application adjusted the bitcoin balance in my wallet ”
The twin brothers company will also take over the function of storing cryptocurrency assets that users will transfer to their accounts in SPEDN.
Recall that in April, New York blockchain-startup Flexa attracted investments of $ 14.1 million .
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