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Gemini partners with Flexa; partnership will enable major retailers to accept crypto payments

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Gemini partners with Flexa; Winklevoss asserts "trying to build bridge from crypto island to mainland of finance"
Source: Pixabay

In a bid to foster cryptocurrency employment into the mainstream space, Gemini, the cryptocurrency exchange has partnered with Flexa, a global cryptocurrency payments network that enables major retailers to accept digital asset payments [to spend bitcoin, ether, Bitcoin Cash, and Gemini dollars] in stores. Announcing this latest development, Gemini, on its official Twitter handle revealed:



Gemini founders and Bitcoin billionaires Cameron and Tyler Winklevoss, have taken yet another step toward scaling crypto usage. Tyler Winklevoss, cited that the payment solution provider channel, Flexa will enable the users of digital assets to buy from prominent retailers across the US, like the Barnes & Noble, Baskin Robbins, Bed Bath & Beyond, Caribou Coffee, Crate & Barrel, Express, GameStop, Jamba Juice, Lowe’s, Nordstrom, Office Depot & OfficeMax, Petco, Regal Cinemas, Ulta Beauty, and Whole Foods Market.

Leveraging Flexa’s payment channels with the existing infrastructure of Gemini, the CEO revealed that the firm plans to enhance the payment experience and merchants who are currently dependant on complex and expensive traditional systems of payment.





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Chayanika holds a Journalism degree and is currently working with AMBCrypto. She is inquisitive about everything that the Blockchain Technology has to offer.

Bitcoin

Bitcoin [BTC]: Don’t buy BTC at the top, buy it right now, says CNBC’s Brian Kelly

Akash Anand

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Bitcoin [BTC]: 'Don't buy BTC at the top, buy it right now', says CNBC's Brian Kellyq
Source: Pixabay

Bitcoin’s [BTC] rapid movement on the cryptocurrency charts revitalized an industry which was touted to be dead and buried in early 2019. The events over the past few weeks have not only increased the value of Bitcoin, but have also assisted in raising the collective market cap and the prices of other cryptocurrencies.

Giving more insight into this market movement was CNBC’s Brian Kelly, who touched upon the price fluctuations, as well as where the world’s largest cryptocurrency can go from here. The Bitcoin baller claimed that the 100 percent bounce back from Bitcoin’s lows was a great incentive for new investors. It also provided a reprieve for existing players in the market. Kelly claimed,

“Investors are wondering what the next market driver could be and in my opinion there are a couple of things. First of all we are starting to see the institutional players get into the field, evidenced by the entry of Fidelity and other such companies. Even the retail perspective is huge, with TD Ameritrade investing in Eris X with sources claiming that the organization will open BTC trade for customers in the  next three to six months.”

Kelly also spoke about how the market was entering a phase of a supply cut, where the supply of Bitcoin gets cut in the overall spectrum of the market. According to him, there is generally a price rally a year into the rise and a year out of it, and the combination of the supply cut and the rise in demand will be beneficial to Bitcoin’s price.



The CNBC official was also careful to inform holders and investors that while the price is holding at this point, people need to be careful since the market might be in the mood for a reversal. He warned,

“Do not buy it at the top but rather buy it now.”

At the time of writing, Bitcoin was trading at $7943.23, with a total market cap of $140.712 billion. The 24-hour market volume was holding at $24.816 billion and the BTC market was moving up by 0.45%.





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