Anything missing? Oh, its corresponding payments rail happens to be the the first ever carbon-neutral, carbon negative payments network with plans to achieve net zero emissions for all activities by 2025. The essential asset agnostic collateral token for a pure digital payments network of the future. If your bullishness is nearly boiling over, better grab the lid, because NYC, where Flexa is located, just elected a pro crypto mayor à la Miami’s Francis Suarez, who already proclaimed he will receive his first three paychecks in bitcoin, and will not merely allow NYC businesses but potentially explicitly encourage them to transact with crypto, even mandating that crypto be taught in schools. Whereas currently most crypto plays are relegated to the digital realm (metaverse, DeFi, memes), Amp is distinctively meant to disrupt real world activity. Users of the network do not need to hold Amp let alone even know it exists. Hence is truly asset agnostic (unlike Ripple, Stellar, Coti, etc.). Allows for true flexibility as payer and payee do not have to transact with the same currency (btc, Eth, ltc, doge, algo, link, xlm, stablecoins, and a dozen others with many more to be added, all with fiat conversion capability). Currently at least a million people in El Salvador have the ability to and do pay their credit card bills and bank loans with bitcoin thanks to Flexa and Amp token.Īmp, as a token serving as collateral for value transfers, assures instantaneous payment finality with fraud proofness and negligible fees. Wallet integration with Gemini and coming soon to Brd, Coinme, Dharma, ShapeShift, and Valora (among many others).Ĭurrently proceeding with meaningful global expansion, already exclusively partnered with El Salvador’s largest bank BancoAgricola, contributing significantly to the country’s legal adoption of bitcoin (Lighting Network compatible). Also partnered infrastructurally with NCR, GK Software, InComm Payments, and Shopify (among many others). Scope extends to more than 40k physical stores (and counting). states, and approved by the SEC - being headquartered in NYC, among other things.Įarly investors include former PayPal executive Kathleen Pierce-Gilmore as well as Robert Leshner, Barry Sternlicht, the Winklevoss twins, and many other white glove individuals/entities via ConsenSys.Ĭurrent notable partnerships include Nordstrom, Ulta Beauty, Baskin Robbins, Petco, Office Depot, Bed Bath & Beyond, Regal Cinemas, and many more. It is decentralized via smart contracts/staking but strategically fully compliant, licensed in most U.S. For all newcomers, ape and wassie alike, here is a condensed summary of Amp token, the next big thing in crypto (but seeing as how nothing will compare to the merits and rewards of DYOR, please DYOR):įounded in 2020 by a collaboration between Harvard/MIT/Illini educated former NASA rocket scientist (and Chicago Cubs diehard) Tyler Spalding/MIT educated ex-Amex designer Trevor Filter, who founded the corresponding pure digital payment network Flexa two years prior, and “crypto’s Microsoft” ConsenSys, which was founded by Ethereum cofounder Joseph Lubin, Amp is the crypto token that serves as collateral for virtually any kind of asset transfer, but currently principally though not exclusively for the Flexa network, a digital-cum-physical payment rail for merchants/institutions.
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