@Etnoto has the recent turbulence in the crypto world affected

Flexa’s strategy moving forward? It seems like mass adoption is now much further down the road.

Perhaps loyalty tokens, and other ‘non-crypto’ assets are the way forward for faster adoption, has this been strategically emphasized now or same strategy as usual?

Nope, it hasn't impacted our strategy. We've always taken the perspective that enabling digital payments is a goal that will take many years to come to fruition. It's part of the reason we often stress to eager members of the community that this is still early days despite being around since 2018. I'm also not sure that this bear market really pushed mass adoption further down the road but I guess that depends when you thought mass adoption would happen. If you were thinking mass adoption was going to happen this market cycle, you would indeed have to push your estimate on when mass adoption would happen down the road but I don't think anyone at Flexa was anticipating that to be the case, and again, have a longer time frame in mind hence no real change there.

So... you are saying no NCR, InComm, GK Software, Blackhawk Network, Citcon etc. this market cycle? Why are you giving out a billion tokens to pools that aren't hardly being used? This is getting ridiculous. Starting to look like a pump for the tokens to Founders and Employees that came off lockup with no positive developments imminent. Watching you. This isn't right.

Mass adoption can happen very very soon only when there is law in place like CBDC. Without that we have wait till ppl change their minds.

Huh? The merchants we are working with already are in conjunction with those payment service providers mentioned… also, we just brought on Chipotle like 2 weeks ago as their exclusive crypto payments provider, just spoke on two panels at one of the largest crypto conferences and powered payments there, and also just announced an acquisition of a company so I would venture to say no developments is not really based in any kind of fact.

You literally just said, "If you were thinking mass adoption was going to happen this market cycle, you would indeed have to push your estimate on when mass adoption would happen down the road". Mass adoption is the processors flipping the switch and you just said that isn't happening this cycle. The users are there. Just takes the opportunity to act. Is it not working at scale? Are there threats to the network? It has "worked" for years and we can't get it expanded. What is the issue?

I left August 2018 to push for real world adoption in my truck and 7 asian countries. From boots on the ground, adoption is at least 10x of what I realized in 2018. From PayPal, venmo, and cashapp I thought these things were 10 yrs away. Here we are in 2022 and adoption has exploded compared to 2018. Going forward I believe adoption will happen slowly then go hyper. We have come a long way. I used to park and come back to enter a business and if I didn't get rejected it was a b**** to set up a wallet and qr code or address just so they can accept litecoin. I'm very optimistic of flexa bc when it found me, it was everything I dreamed of. Walking into a big box retailer to spend litecoin so easily was a very proud moment for me. That's why I made all those videos in 2019 without even owning any fxc tokens.

If you think the only thing we need for mass adoption (your mom using digital payments just as commonly as she uses a smartphone) is to turn on additional merchants, you’re in for a bad time. Merchant acceptance is one piece of the puzzle, another is integrations with other apps/wallets and a third piece is the cultural norms of society. We are building the pieces we have the ability to influence (onboarding new merchants, onboarding new wallets, blockchains, launching products that don’t require any integration at all) so that we are the best de facto solution for digital payments when society is ready. What the catalyst for that change will be is hard to say, maybe it’s CBDCs, maybe it’s clearer regulation, maybe it’s better UX in crypto, maybe it’s something entirely new like NFTs. Who knows. The point is we are skating to where we think the puck will be in the future.

Our definitions of mass adoption are different. Flipping the switch isn’t mass adoption. Mass adoption is when we’re implemented into everyday apps. Mass adoption is when we cover the majority of major merchants across the world. Mass adoption is when Flexa becomes a major player in the payment processing industry. We are working towards making a product that will be here for decades.

Merchant acceptance isn't "one piece of the puzzle". It is THE piece of the puzzle. It can't begin to be utilized until it is an option. I was excited when Tyler said SDK "next week" and it STILL isn't available. All of these integrations that were "coming soon" last year still aren't happening. Just want honest guidance and a realistic timeline.

My opinion is that the Loomis bill will REALLY speed up mass adoption, granted it'll still be a few years under best case scenarios. A regulated stablecoin market seems more likely to me. But I'm just a guy who is a brown belt in Google-Fu that talks to a God in a Milkshake's body.

Asset backed stable coins are already regulated. The debate on who is allowed to issue them is coming soon. To you point once we have clarity on what banks can do with crypto, Flexa may benefit from such.

Yes, and how they are backed will be a very good thing to define too. Including some type of 3rd party auditing system. I think the Terra collapse is going to be a good thing in hindsight. It was a bit fishy to me when I was trying to find any info on their Chai app.

All eyes on USDD