Happy to share a little pet project I've been working on. An archive of all the @FlexaHQ spending videos on X, for the Amp and Flexa community. The spenders. https://t.co/ylHYPNa2CR
Winternet Explorer: leaving the trenches and going IRL to see what’s actually going on in the world of consumer crypto.
There’s no stupid questions.
Episode 1 dropping Friday.
@winternet
I just tried sending USDC back and forth from a crypto wallet to @CashApp. It works and it works well. It feels like you’re just sending money, not crypto. You can send USDC to a friend on Cash App and it converts to their USD balance automatically. The UX is still a little rough. I can see people getting confused trying to find their receiving crypto address for a given chain in Cash App. Does this mean adoption? I don’t think so. Cash App users can already send regular dollars to each other, so there’s no real reason to add the friction. What it does mean is this is an easy new offramp for my magic internet dollars that can reach non crypto people.
Respectfully, the framing on Flexa isn’t quite right. Flexa has been supporting ZEC at major retailers since before 2020 and has been a huge supporter of the Zcash community throughout. The merchant not knowing which asset the customer spent is a feature, not a gap. Flexa is a direct payments processor: wallet to POS, collateralized, final at authorization. The customer spends shielded ZEC, Flexa handles the rest, and the merchant settles in fiat or any supported digital asset. ZODL ships Flexa Components natively, so Zcash holders can already spend shielded ZEC at Chipotle, Sheetz, GameStop, Regal, Bealls, and more, today, no merchant permission required. If you’re curious what spending ZEC looks like in the wild, we’ve had a passionate community of spenders showcasing it with videos over the years: https://t.co/yqmkkmuUcP. Happy to chat if you have any questions.