About Amp (AMP)
The Flexa Network enables crypto-collateralized payments at brick and mortar vendors.
The network allows for supported cryptocurrencies like BTC, ETH, and others to be used to pay for goods and services, while the vendor receives payment in fiat.
Flexa uses its token, “AMP”, to collateralize crypto-payments while they are confirmed on the respective digital asset networks and settles the payment in fiat to the recipient. This solves a few issues that have plagued the crypto ecosystem like slow confirmation times on networks, price volatility, and broad adoption.
Amp (AMP) is the digital asset token used to collateralize payments on the Flexa Network, making them instant and secure. It is built on Ethereum in accordance with the ERC20 standard for tokens. AMP can be bought and sold for fiat currency or other digital currencies.
Amp can be stored in a crypto wallet and custodian like Gemini.
The supply of AMP tokens is fixed at 100 billion AMP.