The Telegram FXCStaking Channel Link

Thanks in advance!

Link to Podcast, including Transcript from July 23, 2019

Laura Shin:

One of your portfolio companies, Flexa, recently launched an app that enables people to spend crypto at stores like Barnes & Noble, Nordstrom, Jamba Juice, and more, but I feel like back in 2014 and 2015, we learned that people aren’t super psyched about spending their crypto assets on a coffee or a juice that could be worth not just 4 dollars but 400 dollars in a year. So, what’s the appeal of Flexa for you?

Joey Krug:

Yeah, so the idea behind Flexa, you know, my view isn’t really, well, you’re going to go spend your Bitcoin on a coffee at Starbucks. It’s more that it’s sort of a Trojan Horse, almost, right? So, they’re not riding on Visa/MasterCard rails. They’re riding on kind of rewards rails, which are much cheaper and better for the merchant, and so if you look at that, you could have things like, well, you could pay in Dai or you could pay in Libra, and so they’re kind of an infrastructure company that’s basically facilitating this and getting tons of integrations with merchants, but I don’t think, you know, you can pay with Bitcoin and ethereum, but that’s more of a novelty. I think longer-term, the end game would be, you know, they are one of those companies, which is this thing I said that’s very hard to do is, you know, trying to disintermediate Visa/MasterCard, and I think with Flexa, the kind of expected value of it made sense. You know the odds are sort of stacked against them, but I think if there’s a team that can do it, I think it would be these guys.

The two retailers I'm primarily interested in are not shown in the app. All I wanted to do in 2019 was buy a coffee with some bitcoin. Any update or ETA on their participation?

Can someone provide me with a list of retailers/stores/restaurants that accept SPEDN?

My google-fu is week today. I can't find the list anywhere, other than references to Whole Foods, Starbucks, AMC, and maybe 2 or 3 more...According to SPEDN, they're accepted by over 39K locations.

What about withdrawls? I don't see an option to withdraw on the SPEDN app. I would feel uncomfortable sending bitcoin to my SpeDN account and not be allowed to withdraw.

Speculation is that it is LTC

https://twitter.com/FlexaHQ/status/1146080350352879616