Transforming transactions: Introducing Flexa Components

The problem with digital payments today

The digital payments landscape has been fragmented for decades. Today, when payments systems work, they are often tied to closed networks or specific blockchains, leading to high transaction fees and poor interoperability. This fragmentation creates challenges for app developers and merchants alike, who need reliable payments infrastructure to conduct their business. More broadly, it limits the growth and adoption of the very solutions that could address some of the payments industry’s biggest challenges. The digital payments industry needs a seamless, low-cost, and universally accepted payment system.

When we started Flexa back in 2018, we knew that payments were starting to undergo a seismic shift. We believed that as industries digitized and consumers demanded better payment solutions, merchants would need more flexible acceptance options. And we hypothesized that the chokehold of fiat would give way to better options as swipe fees remained high and inefficiencies persisted. We built Flexa to enable fast, affordable digital currency acceptance that has completely eliminated loss due to fraud. Since our launch, we’ve had the privilege of partnering with world-class companies like Chipotle, I-Shoppes, Mikimoto, Regal Cinemas, 99 Ranch Market, and others, to broaden the payment options they can offer for their customers. And while it’s still early days for the digital currency ecosystem, we’re here to make the transition to these new, fast, and more efficient payment rails as smooth and worthwhile as possible. In fact, it’s our entire mission: to help sellers thrive in the next era of commerce.

In recent years, more merchants have moved to offer end-to-end apps that enable seamless payments, cement loyalty, offer high-touch ordering experiences, and more. Meanwhile, the developers of digital asset wallets have struggled to integrate their products with this expansive merchant financial infrastructure. We built Flexa Components to bridge this gap.

Flexa Components is the first asset-agnostic, embeddable toolkit to help wallet app developers interface directly with merchant point of sale systems. Built on Flexa’s robust collateralization infrastructure, Components can enable instant acceptance directly from digital asset wallets on networks including Bitcoin, Ethereum, Solana, Lightning, Litecoin, Polygon, Zcash, and more.

Key features include:

• Instant payments: Available at thousands of locations across the US, in-store and online.
• Zero fees: The best market exchange rates with no transaction fees or spread for customers.
• Best-in-class UI: Spend and Scan components offer a drop-in replacement for wallet app scanners with support for all major payment request formats, making instant payments just a tap away.
• Industry-leading privacy: As with everything Flexa builds, Components is designed to minimize the collection of personal data, so payments stay private.

Benefits for app developers and merchants

We designed Flexa Components to meet the needs of developers, merchants, and consumers, making digital asset payments easier and more efficient for everyone.

Developers will find several key advantages that make their work easier:

• Quick integration: Easy integration into existing wallet apps in less than a day.
• Reduced development time: Save time with ready-to-use user interfaces.
• Comprehensive support: Detailed documentation and support for a smooth implementation.
• Enhanced security: Proven, secure, and fully audited infrastructure.

For merchants, Flexa Components also offers a range of benefits to improve operations:

• Faster payment processing: Streamlined digital asset transactions for quicker payments.
• Cost savings: Lower processing fees relative to credit and debit, with no price volatility exposure, and no fraud or chargebacks.
• Improved customer experience: The best payment experience for digital assets, period.

Embedding, accepting, and using digital currencies should be easier than any other form of payment. Flexa Components is here to deliver on that promise, while also unlocking a lower-fee payment gateway with benefits for everyone.

Looking ahead

Our aim is to make digital currencies part of everyday life by bridging new financial technologies and existing payment systems. Flexa Components reflects our continued commitment to building the best payment experiences possible for merchants and their customers alike.

Six years after we first embarked on this journey to transform payments, we’re more excited than ever about what the future will hold. And here at Flexa, we’re just getting started..

Are you ready to learn more about Flexa Components and how it can benefit your business? Add the Flexa SDK to your wallet app today: check out our docs or get started now.