"As of today, SPEDN has officially been shut down. What started as a proof of concept helped demonstrate for the world what instant, fraud-proof digital payments can be and laid the foundation for what comes next."
"Development of the application originally centered on showcasing how cryptocurrencies could function in everyday transactions, positioning it as an early demonstration tool within Flexa's broader ecosystem."
"Operational changes tied to the shutdown include the migration of remaining user balances into Flexa-managed accounts, ensuring continued access to deposited assets."
"Strategic priorities have since shifted toward scaling infrastructure designed for merchants and payment service providers, aiming to integrate digital asset transactions more directly into existing payment systems."
Flexa announced the shutdown of its SPEDN application on March 31, 2026, after seven years of operation. The app showcased real-world digital asset payments and facilitated transactions using cryptocurrencies at physical merchants. Users were informed of the closure in advance, with a 60-day transition period. Remaining user balances will be migrated to Flexa-managed accounts, allowing withdrawals to external wallets. The company is now focusing on scaling infrastructure for merchants and payment service providers, while addressing regulatory compliance in the transition process.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]