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US Startup Raises $14.1 Mln for Blockchain-Based Payments Network for Retailers

Apr 11, 2019😃Bullish

New York-based blockchain startup Flexa has raised $14.1 million to develop a payments network for retailers.

The company intends to create a payment network for retailers that would reduce costs, overhead, and fraudulence by means of blockchain-based settlements. Flexa is also planning to release a mobile application through which customers could conduct operations with cryptocurrencies they already own.

Last month, the U.S. Pork Board partnered with blockchain startup ripe.io to test out a blockchain platform for pork supply chains. The collaboration will ostensibly enable the Board to use a blockchain-based ecosystem to monitor and evaluate sustainability practices, food safety standards, livestock health, and environmental protections.

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