Winklevoss-Backed Flexa Expands Crypto Payments Service to Canada

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Payment solution Flexa is going international with a Canadian market launch.Flexa, which launched the U.S. edition of its SPEDN cryptocurrency wallet in mid-May, announced its Canadian expansion in an official blog post. Backed by cryptocurrency exchange Gemini, Flexa’s international movement is preceded by support for cryptocurrencies litecoin and zcash and the launch of an Android beta mobile app.Functioning like a pipeline for commercial transactions, SPEDN processes regular purchases in cryptocurrencies like bitcoin, ethereum, bitcoin cash or native token flexacoin.Today, SPEDN is now open to Canadians on both iOS and Android. The post claims 7,500 Canadian merchants will be on-boarded by early September.With all funds insured and custodied by Gemini, Flexa says Canadian and U.S. users can use SPEDN in either country free of conversion fees or exchange rates issues.Speaking with CoinDesk, Flexa co-founder Tyler Spalding said the payments processor plans on launching in a few more countries by the end…

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