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Flexa: Making Crypto Spendable In Every Store

PYMNTS

Behind the scenes, he said, Flexa generates a flex code and connects directly to the merchant payment processing platform, authorizing that transaction for the holder’s cryptocurrency balance. Tapping the phone and display against the terminal scans the code and authorizes the payment. Opportunities Ahead.

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PayFac Model 101: Payment Facilitators Explained

Exact Payments

A payment facilitator, or PayFac, is a type of merchant services provider (MSP) that equips merchants with payment processing capabilities. In other words, it enables businesses to start processing electronic payments.