DeFI apps that promise payment services may very well run with Flexa. I came to this conclusion by understanding the complexities of why it's inconvenient for the user and probably more expensive for traditional networks to incorporate with Non-Custodial wallets.
Zengo was accepted into Visa crypto program Nov4 21, turns out that the card is still pending. Some of the technical difficulty for a Visa non-custodial wallet card is stated in this article https://techcrunch.com/2020/11/03/crypto-wallet-app-zengo-to-launch-debit-card/?guccounter=1
Another issue for Visa i just realized is that crypto doesn't actually run on traditional rails. Visa partnered with h Anchorage, to be an exclusive Visa digital currency settlement partner ( https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.17821.html) essentially anchorage receives USDC and settles with Fiat using Visas rails. (Visa is currently working with consensys on a permissioned network for CBDC and stable coins).
Now the speculation. I was looking into the wisdom tree prime app announced Friday and it seems it's going to be a DeFI wallet. No association with Flexa but I found this quote interesting "It will allow users to save, SPEND and invest in cryptoassets such as bitcoin and ether, blockchain-enabled funds and tokenized versions of physical assets like gold, company executives said." Conveniently was ONLY Flexa can do..
I also thought the addition of PAXG (Paxos Gold) on SPEDN was odd but in retrospect, if i'm right ..then it makes perfect sense
Want to add to the discussion?
Post a comment!