Flexa lands major funding for blockchain-based payment network

Flexa lands major funding for blockchain-based payment network

US blockchain startup Flexa has raised $14.1 million to develop a payment network for retailers.

It claims that this will reduce costs, overhead and fraud by means of blockchain-based settlements. Investors include 1kx, Access Ventures and Nima Capital and Pantera Capital.

Tyler Spalding, Co-Founder and CEO of Flexa, says: "The anti-fraud and cost benefits of global cryptocurrency payments are enormous, but there are many barriers to mainstream adoption for merchants and consumers alike. Flexa's going to change that."

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