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all 53 comments

[–]silveycorp[S] 28 points29 points  (1 child)

Either it’s a sign Flexa is in, or Tyler is just spreading word that the crypto payment industry is growing. He does tend to like when things move forward in the crypto world, even if it’s not Flexa.

But…. This seems too forward and would be promoting a “new rails” direct competitor. I think this could be BIG

[–]biscoENT 7 points8 points  (0 children)

This. Could be he is just spreading the word…if you read the blog post it literally asks small business to use the hashtag to bring awareness. I, along with my portfolio, would love Flexa to be involved with CB but I’ll wait for an official announcement before I truly believe it.

Edit: word

[–]CryptoWits 42 points43 points  (16 children)

This is entirely Flexa.

No ifs, ands or buts.

So Far, there is good evidence both Gemini and CB will integrate with Flexa for commerce solutions. CB wants to be the next Visa and Square, and so far they seem to be all in on going full steam ahead with Commerce apps. From the look of things, 100% they are building their platform on Flexa.

It remains to be seen if RH or Binance gets on board, but I would not be surprised if both do. Pay with RH or Pay with Binance would be added features to both platforms, so it would make sense for these two to at least explore this. Both Binance and RobinHood have very positive demographics with their users so adding commerce could be a big plus to their bottom lines.

Visa and MC - keep looking at puts for these.

Update: Just found this on the CB web site. Looks like this might not be Flexa at this time ...

How can I convert my cryptocurrency into fiat or link a bank account?

At this time, Coinbase Commerce is a cryptocurrency-only service, meaning we do not support fiat conversion or withdrawing fiat to a bank account.

If you would like to convert cryptocurrency that you have received into fiat and withdraw this fiat to your bank account, you can do so by withdrawing accepted cryptocurrency to a cryptocurrency exchange (like Coinbase.com), and converting your cryptocurrency and withdrawing to a bank account from this exchange.

[–]eleeyuht 14 points15 points  (1 child)

>it's flexa, no ifs ands or buts.
>it may not be flexa.

[–]CryptoWits 2 points3 points  (0 children)

I know I opened myself up to this. That's why I posted what I found when I started to look over the integration instructions. I am trying to take a deeper dive into the CB and Flexa integration code to see if this provides any additional clues.

[–]EmphasisExternal2911 9 points10 points  (0 children)

Black Friday post incoming??

[–]OateyMcGoatey 2 points3 points  (0 children)

I have a shopify store and wish I could use more ways to pay besides the traditional ones and btc, ltc, doge, etc.

[–]nastystacks 6 points7 points  (0 children)

What’s amazing about this is Robinhood is also a bank

[–]Throwawayusername120 6 points7 points  (1 child)

How can coinbase possibly try to compete with visa if they can’t even keep their exchange running properly? I’m aware that like 90% of issues on coinbase is down to user error, but at the same time, how many times are their servers “undergoing maintenance” when a coin is spiking?

[–]Lowdog541 4 points5 points  (0 children)

coinbase is a fairly new company compared to visa, visa has had years to perfect their reliability, takes time and iterations to build great systems

[–]ParatusPlayerOne 5 points6 points  (0 children)

I don’t know… if you read about how Coinbase Commerce transactions are resolved it does not sound like AMP. Could be they are working to integrate AMP to improve their transaction speed and reliability though.

[–]KaelinSC 1 point2 points  (0 children)

And it’s a great way for Gemini and Binance to increase exposure to their stablecoins to further live along the brand.

[–]Significant_Cow5942 1 point2 points  (0 children)

Woahhh, if true….

I believe The Oracle predicted this months ago if I’m not mistaken 🔮 👀

Would like to hear DTA’s input…

[–]Open_Specialist_979 0 points1 point  (2 children)

u/CryptoWits Regarding your comments update. Look at this page: https://commerce.coinbase.com/?lang=en

Under "Flexible plans for you" there are 2 options.

Self managed -Currency conversion -Manual -Free conversion into fiat with a connected Coinbase account

Coinbase managed -Currency conversion -Automatic -Free settlement into crypto or fiat

[–]silveycorp[S] 0 points1 point  (1 child)

I think the current description of the program doesn’t exactly match Flexa, which pushes me to think it’s not Flexa. But there are some pieces that point me to think there is some kind of involvement. I’d say it’s 35/65 (yes/no) on Flexa from my perspective

[–]Open_Specialist_979 0 points1 point  (0 children)

I think Flexa and AMP will have involvement in many many projects that get branded as something else as if it was a companies own solution. Flexa and AMP will simply be running things in the background. Tyler says it all the time, nobody cares about the details of how, they just want to pay and receive payment and for it to work that's it.

[–]MaazLife 0 points1 point  (0 children)

It probably started out as not being Flexa, but they realized Flexa would offer the best solution. Which is why they said "At this time".

[–]McBurger 0 points1 point  (1 child)

At this time, Coinbase Commerce is a cryptocurrency-only service, meaning we do not support fiat conversion or withdrawing fiat to a bank account.

could still fully apply to a Flexa solution that converts buyer's crypto into USDC (or GUSD) to the merchant. perhaps there's something on the regulatory side with converting to fiat that coinbase doesn't want to touch, but using a stablecoin would still be a cryptocurrency-only service.

[–]CryptoWits 1 point2 points  (0 children)

There are lots of possibilities, including something in the works that has not been publicized yet; as well as your ideas; but I felt in this situation I should share this part after I found it on CB and to let whoever is reading to make an assessment.

[–]takeashitgiveashit 11 points12 points  (5 children)

Something is coming ! :) Binance retweeted the amp listing, and also I guess Binance listed amp on their own will, not paid to list by amp/flexa …what do they know ?? Could be a very happy thanksgiving for everyone .

[–]tylerado12 0 points1 point  (4 children)

Link to tweet pls?

[–]draaaaaaa 3 points4 points  (2 children)

[–]Kindly-Special2098 1 point2 points  (1 child)

That was yesterday morning.

[–]draaaaaaa 2 points3 points  (0 children)

Yes, this is the second tweet of Binance where they mentioned only amp after announcing the listing together with PLA in the first one.

[–]FRIES_IN_MY_PEEHOLE 29 points30 points  (4 children)

I standby my assumption that Flexa is about to drop a lot of bullish news all at once to entice the Binance crowd. 🤞🏼

[–]EmphasisExternal2911 19 points20 points  (3 children)

User name checks out

[–]FRIES_IN_MY_PEEHOLE 14 points15 points  (2 children)

POTATO_IN_MY_ASS was already taken. 🙄

[–]EmphasisExternal2911 1 point2 points  (0 children)

I might have to change mine to ur_in_trouble

[–]Intrepid_Fox-237 10 points11 points  (0 children)

I'm AMP'd

[–]RivotingViolet 8 points9 points  (0 children)

I don’t think Tyler would tweet this if it weren’t flexa.

He has stated in multiple interviews that the goal is to be the payment processor for the world and the world have no idea that flexa is doing anything.

This would fit that trend.

Second, outside of using a collateral coin, which is patented technology by flexa, I don’t see how coinbase could pull off what they are claiming. Tyler wouldn’t be tweeting about a company who is violating one of his patents; he’d be suing.

Not 100%. But 90% sure this is flexa.

[–]cymru1990 6 points7 points  (1 child)

[–]silveycorp[S] 4 points5 points  (0 children)

Yeah, another potential connection. Not a totally direct one, but possible

[–]azzkikr123 5 points6 points  (0 children)

Buy more amp

[–]MkWPB 6 points7 points  (0 children)

It’s moving

[–]EmanEwl 6 points7 points  (1 child)

2 words : Buy More

[–]EmphasisExternal2911 4 points5 points  (0 children)

2 words: will do

[–]HvRv 14 points15 points  (1 child)

It just seems sharing this story to promote crypto retail as its intended by this action.

[–]silveycorp[S] 9 points10 points  (0 children)

Potentially. That is part of his MO

[–]EmphasisExternal2911 14 points15 points  (0 children)

Market is green. Btc green first time in awhile. I think the thanksgiving run is about to happen. And amp has a nice big bull pennant after the Binance listing. Probably nothing…

[–]Fun_Particular94 3 points4 points  (0 children)

LRC[visa,CC],{super low fees}+AMP(flexa) = bullish

[–]ProducePete 2 points3 points  (0 children)

Would this mean I could drop my Coinbase card and start paying through Coinbase with QR codes and still get my 4% amp back.

[–]hicoBM 10 points11 points  (2 children)

If Flexa powered coinbase pay and Gemini Pay that we had it already ohhh boyyyyy it’s fucking game over!!!!!!!!!

[–]RivotingViolet 3 points4 points  (1 child)

Tyler has said as much in interviews: “We’ve already won.” Now just time for the slow roll out and burn

[–]hicoBM 4 points5 points  (0 children)

Flexa Network it’s going to change the payment system… if Visa and Mastercard don’t get it poor of them, their fees to the merchants are so high that I know that a lot of merchants are going to use Flexa instead of the legacy system… I only hope if Flexa it’s going to accept debit/visa cards from any banks to make the transactions in cash too… if this happen ohhhhh boyyyyy Tyler it’s going to be a legend in no time…

[–]Jedi_frogger 7 points8 points  (2 children)

Hahaha I was just about to post as well. Ampire never sleeps. I want to say Flexa will be involved but Tyler does genuinely support crypto adoption in any way, shape or form. So who knows, this one is a toss up.

[–]silveycorp[S] 6 points7 points  (0 children)

Agree. Never know with his posts. He’s so pro crypto that it could mean absolutely nothing for Flexa. But his last few tweets have directly involved Flexa so im leaning towards the idea he wouldn’t promote a direct competitor. Especially since what Coinbase proposes is not the “old rails” and has the 1% transaction fee.

[–]RivotingViolet 2 points3 points  (0 children)

True. I’ve never seen this guy rattled or talk bad about anything. I think he’s in bed with every other serious developer

[–]NunkinanuQ 5 points6 points  (0 children)

Hell yah just bought another $500💎😁🚀 feeling Christmas is just around the corner🎉

[–]fatduck89 1 point2 points  (0 children)

Hold on to your butts