Buyer pays with crypto. Merchant gets fiat. All for Flexa

I don't think your assumption is 💯 accurate. The statement above only elaborates on re-purchased AMP. It is my understanding that Flexa does actually take a fee (0.5% (Flexa can modify it)) prior to the rest of the fee 0.5% which is further placed on a AMP market ordered and executed on exchange, then dispersed to AMP Stakers. This is why the fee is referred to as 1%. This can easily clarified by Tyler if needed. I know for a fact it was addressed publicly last year... Because I was the one who thought it worked the way you assume. Maybe we should double check on the actual facts Flexa fees and exact break down of function/distribution.

0

23.09.2022

Bart Harris Автор вопроса

n₳kism NF₳
1% (0.5% goes to Flexa) (0.5% goes to AMP Token p...

No, all goes to AMP it seems.

0

23.09.2022

Naija 🦇🔊🪙

Tracking. Doesnt answer my question. Plainly put why would banks forgo the highly rewarding cc industry. Interchange fees set by card networks is big business and used to pay for reward points, security etc

0

23.09.2022

Bart Harris Автор вопроса

Naija 🦇🔊🪙
Tracking. Doesnt answer my question. Plainly put w...

Not sure why the focus on banks. Flexa is all about merchants. That's TradFi versus Flexa DeFi. Merchants are the focus.

0

23.09.2022

Naija 🦇🔊🪙

Bart Harris
Not sure why the focus on banks. Flexa is all abou...

because banks who do it for free. Merchants use banks etc... that are a big part of payments

0

23.09.2022

Bleu Gordo

Naija 🦇🔊🪙
Tracking. Doesnt answer my question. Plainly put w...

unbelievable you guys definitely not paying attention to anything Tyler says..watch starting at the 16 min mark https://youtu.be/xzW5dD-0gFY

0

23.09.2022

Naija 🦇🔊🪙

Bleu Gordo
unbelievable you guys definitely not paying attent...

Easier said. Reality is far different

0

23.09.2022

Bleu Gordo

Naija 🦇🔊🪙
Easier said. Reality is far different

Show us how reality is different with hard facts that can be backed up, you seem to have an exceptional understanding of the environment

0

23.09.2022

n₳kism NF₳

Bleu Gordo
Show us how reality is different with hard facts t...

Many here know, for a fact, that a portion of the fee goes to Flexa. The canned pitch is just that, a generalized sales pitch, product explanation. The real deal is more complex. If I remembered the exact source, I'd give it to you. I found out last year. The source could have been current, at that time, or much older. Anyhow someone here probably knows. Maybe the medium article is correct 💯? I thought the take on Flexa's side was higher. Whatever it is, I'm certain it covers network operation costs.

0

23.09.2022

Bleu Gordo

n₳kism NF₳
Many here know, for a fact, that a portion of the ...

the response was to the bank point here, not the fees

0

23.09.2022

Bart Harris Автор вопроса

Naija 🦇🔊🪙
Easier said. Reality is far different

It's just a matter of acceptance. Reality changes over time.

0

23.09.2022