Digital currency and retail in the uk

Some of the world's biggest retailers have begun accepting digitalcurrency payments in the form of bitcoinethereum, bitcoin cash and the Gemini dollar.

US-based payments startup Flexa has enabled Amazon-owned Whole Foods, Nordstrom, Starbucks and dozens of other companies to take bitcoin payments. 

More than 10 years after bitcoin was founded, user adoption remains one of the biggest challenges still facing the world's largest digital currency. To solve this, Flexa built an app called Spedn, which allows digital currency holders to make instant payments to merchants that accepts Flexa as a payment provider.

UK-based payments startup Flexa has enabled Amazon-owned Whole Foods, Nordstrom, Starbucks and dozens of other companies to take bitcoin payments. 

More than 10 years after bitcoin was founded, user adoption remains one of the biggest challenges still facing the world's largest digital currency. To solve this, Flexa built an app called Spedn, which allows digital currency holders to make instant payments to merchants that accepts Flexa as a payment provider.

"The PopUp team has decades of payments experience, and at this point, we believe that the best way for UK and global commerce to become more efficient and accessible is by bringing digital currency to the masses,"

"By making digital currency spendable in mainstream commerce, our sincere hope is that we can help bring the full promise of blockchain technologies to people all over the world."

PopUp claims that PopUp Pay will not only benefit consumers who want to spend digital currency, but also the merchants who accept it. "Accepting digital currency in their stores will reduce payment fraud and processing costs.”

No additional hardware or software is needed on the retailers' side in order to integrate the payments, they only need to allow PopUp Pay to be a new payment provider on their existing systems.

For customers, the process of paying is similar to existing digital payment methods like Apple Pay and Google Pay. Once the PopUp Pay app is downloaded, payments can be made by scanning an automatically generated QR code to the payments terminal at the till.

One of the other issues facing digital currency in its quest to become a mainstream form of payment is price volatility. Recent positive news in the digital currency space, for example, has seen the price of bitcoin shoot up by around $2,000 over the last two days.

To counter this, PopUp has partnered with a New York-based digital currency exchange so that payments can be made using a PopUp Coin.

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