From the perspective of a founder/engineer turned investor*
*Many of our friends ask us about how they can invest wisely. In this blog series, we‘ve decided to share the brief due diligence about some of the projects that we check out/invest. We hope that this will help create a healthier investment ecosystem.
One of the main challenges that bitcoin and the other cryptocurrencies are facing is user adoption.
Most merchants don’t believe in crypto (yet), or are slow to adopt because of friction. To accept cryptocurrency, merchants need to change their POS, create wallets, etc.
The team at Flexa created a protocol and payment app that enables us to use crypto currencies for our daily transactions in an easy way.
Flexa is not a blockchain project. It’s an infustracture play that merges existing payment networks with blockchains (cryptocurrencies).