![]() You can then load your SPEDN app with the crypto of your choice. Flexa hopes to change that so that buying goods and services using crypto as easy as possible.Īnyone looking to make a payment first needs to download the Flexa app, which is called SPEDN ( iOS and Android available). Current POS technology isn’t set up for wide-scale crypto payment adoption. There are many potential use cases for the Flexa Network, but its primary purpose is to make it easier for merchants and consumers to exchange funds at the point-of-sale (POS). The mission of Flexa is to offer “the fastest, most fraud-proof payments network in the world”. ![]() ConsenSys, a blockchain technology solutions company, helped Flexa with the development of AMP tokens in 2020. The New York-based Flexa Network was launched in 2019 by Tyler Spaulding, Zachary Kilgore, Daniel McCabe, and Trevor Filter. This network uses smart contracts that help facilitate collateralization without the need for the oversight of a central authority. Buy AMP using the GBP that’s now in your GBP wallet.Ĭ has a lot to offer besides just buying crypto, and have recently announced that it had more than 10 million users around the world.ĭownload App Review What is AMP?ĪMP is the native token for the Flexa Network, a decentralized system for collateralizing the transfer of assets such as cryptocurrencies, fiat currencies, and even physical property.Download the app on your mobile (no web interface available).If you choose to use a credit or debit card, you’ll also be charged an extra 2.99% in fees (as a UK resident). On the other hand, using a credit or debit card is instantaneous.īut the thing about using the app is that the fees that you’re going to be charged aren’t that clear.Īlthough there are no explicit fees when buying with GBP that you’ve deposited into your account, the exchange rate you’re quoted isn’t as low as you’d find elsewhere. You shouldn’t be charged anything to deposit GBP with a UK bank transfer, but I’ve found that it can take a few hours for the money to appear in your account. You can deposit GBP using a UK bank transfer (via Faster Payments) into the app, or buy AMP using a credit or debit card. The app allows you to buy AMP and more than 250 other cryptocurrencies. They’re also an authorised Electronic Money Institution (EMI). Like CoinJar, Gemini is one of only a dozen or so other places in the UK that’s registered with the FCA as a cryptoasset firm. Buy AMP using the GBP that’s now in your account.Create a Gemini account (via the web, or its mobile app).If you buy less than that, then you will end up paying higher fees (see here for details). However, this only applies if you’re spending more than £150 in one go. If you stick with using a UK bank transfer (via Faster Payments), then you should only pay around 1.99% in fees. You can get GBP into Gemini via a UK bank transfer (Faster Payments, CHAPS, SWIFT) or with a debit card.Īlthough using a debit card makes buying cryptocurrencies instantaneous on Gemini, it works out much more expensive. Gemini supports more than 40 cryptocurrencies in the UK – which includes AMP, Bitcoin (BTC), Ethereum (ETH), and more. It’ll be credited instantly to your AMP wallet.ĬoinJar is also registered with the FCA as a cryptoasset firm. This is something that all crypto-related firms with offices in the UK were trying to get sorted back in 2022.Buy AMP using the GBP in your CoinJar account.Deposit GBP with a UK bank transfer (via Faster Payments). ![]()
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