Crypto payments firm Flexa has teamed up with crypto exchange Coinsquare to expand into Canada.
The move will facilitate crypto payments in Canada’s stores through Flexa’s crypto wallet Spedn.
Go deeper with GlobalData
Plans are on to onboard more than 7,500 Canadian merchants by next month. Both iOS and Android users in the country can avail Spedn.
Flexa launched Spedn in the US this May.
At launch, Spedn supported Ether, Bitcoin, as well as Bitcoin Cash.
The scope of the crypto wallet has now expanded to include Litecoin and Zcash.
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By GlobalDataIn a blog post, Flexa said: “What’s more, because Flexa is built on top of cryptocurrencies (which are borderless by their very nature), Flexa’s Canadian customers can spend freely on the network when they visit the United States—starting today.
“And similarly, when our Canadian merchant partners go live north of the border, US residents will be able to spend their cryptocurrency in Canada without having to worry about foreign exchange rates or conversion fees.
“Flexa wallet deposits will continue to be securely custodied and fully insured through our partnership with Gemini, which makes SPEDN one of the easiest and safest ways to use your cryptocurrency wherever you go.”
Flexa also unveiled plans to expand across the globe. However, it did not disclose the locations.
