You Can Now 'Spedn' Bitcoin at GameStop, Barnes & Noble and More - Mon 13 May 15:28 GMT

Payments startup Flexa has released a crypto wallet called SPEDN to help brick-and-mortar retailers accept cryptocurrencies.

You Can Now 'Spedn' Bitcoin at GameStop, Barnes & Noble and More

  On Monday, the payment processing startup Flexa announced the release of its new custodial crypto wallet SPEDN, which allows users to spend bitcoin, ethereum, bitcoin cash or GUSD at a variety of brick-and-mortar retailers.

  Flexa co-founder Trevor Filter told CoinDesk the wallet app works at Nordstrom, Barnes Noble, Express, Lowe’s, GameStop, Office Depot, Regal Cinemas and Jamba Juice, just to name a few.

  In return, the app now provides a new way for stablecoin users to use GUSD beyond trading.

  Indeed, Flexa co-founder Tyler Spalding told CoinDesk the ability to spend cryptocurrency can actually boost its function as a store of value.

  For now, Flexa’s crypto exchange partnerships manage conversion on the backend.