Flexa, an app-based crypto-to-fiat payments interface, has just announced the release of its beta version.

The technology allows for the payment of goods and services with traditional retailers through established payment processors. As part of the beta release, the team has published a video on Twitter demonstrating one of its beta testers purchasing a Starbucks coffee with Bitcoin from their mobile phone.

I just bought a Starbucks coffee with Bitcoin with the Flexa @FlexaHQ beta app! pic.twitter.com/09EQozFW5u — MISSNATOSHI ???????? (@missnatoshi) July 13, 2018

A Taste of Future Mass Adoption

Currently supporting a range of cryptocurrencies including Bitcoin, Litecoin, Bitcoin Cash, Ether and the project’s own native Flexacoin, the app works by hosting its own wallets for each of the cryptocurrencies it supports.

Users of the app top up their wallets by flashing a QR-type image known as a ‘flexcode’ and can thereafter make payments for any goods with a simple swipe from their mobile phone, provided the merchant hosts the technology.

Behind the scenes, the Flex Network Protocol effectively trades the cryptocurrency spent by the user for traditional fiat currency which is then released to the merchant. The merchants themselves pay a small commission to Flexa for each transaction, rendering the service fee-less for users.

“It has taken us almost ten years to go from buying a pizza online with Bitcoin to buying a Starbucks with Bitcoin on our smartphones. We seem to be taking our time but at least we’re getting there,” one Twitter user declared.

Flexa is one of a number of crypto-to-fiat payment processor solutions in the making but appears to be a front-runner in bringing a product to market. Those who want to test the technology for themselves can request a download by contacting the project team through their website.