Flexa Pure-Digital Payment Network Amp Collateral Add Transformers For Direct Payments to More Blockchain Networks.

3 min read

Flexa is a pure-digital payments network that uses Amp as collateral to provide instant, fraud-proof digital asset payments for merchants worldwide. Anyone can use apps to spend via Flexa without even knowing about the existence of Amp, just as anyone can use a credit card without knowing how legacy payment networks function. 

However, people who choose to secure the Flexa network by staking Amp tokens earn rewards for decentralizing payment risk. Flexa was built to enable any app to spend any digital currency at any merchant and is live across the US, Canada, and Latin America.

Last September, Flexa introduced Transformers for the Flexa network, providing merchants in El Salvador with a new way to easily accept Bitcoin via the Lightning Network without the need to understand complex crypto infrastructure or set up their node. 

Thanks to this technology, merchants and financial institutions such as Banco Agricola, El Salvador’s largest bank, could instantly accept Lightning Network payments while receiving the asset of their choice.

This year, Flexa announced the rollout of additional Transformers to enable direct payments from even more blockchain networks. These Transformers power the new Flexa Payments products, enabling instant digital currency payments from every app for even more merchants around the globe.

Now, Amp stakers will have the option to stake their Amp as collateral to any of the 10+ fully integrated apps that Flexa recently announced as Developer Grant recipients or any of twelve new Transformers, including BitcoinBitcoin CashCardanoCeloDogecoinEthereumLightningLitecoinPolygonSolanaTezos, and Zcash

Additional transformers for other networks are anticipated to launch as demand for different networks grows.

With the addition of these new apps and Transformers, the role of Amp stakers in decentralizing payment risk is more crucial than ever before. Now, stakers can choose from even more collateral pools on Flexa. Given the fixed supply of Amp, this results in competition for collateral as payment volume grows. Flexa uses merchant fees from every successful payment to buy Amp from the open market and distribute it as a staking reward. This enables platform users to earn the entire value generated within the network via Amp.

With more choices for collateral pools to stake, each staker can decide where to allocate their collateral based on their research and determination of acceptable risk. The first choice stakers make is whether to stake a fully integrated app or a Transformer. Payments made by apps that integrate Flexa’s Spend SDK each have their collateral pool, helping to isolate risk to the individual app rather than the entire network. 

Staking to a collateral pool of a fully integrated app means the wallet itself would have to allow malicious transactions for collateral to be slashed. While this is possible — hence the need for collateral — it is not an optimal strategy for a bad actor, and thus a staker may decide staking an individual app is more secure.

If a stalker believes that more spenders will transact using a Transformer than via one specific wallet app, they may decide to collateralize the Transformer. 

In that case, the stalker is securing payments made by any app that has not integrated the Spend SDK since payments made from any fully integrated app automatically utilize the app’s collateral pool. However, since any app can use the Transformer, there may be more risk of malicious transactions and, thus, more risk of their collateral being slashed. The optimal strategy of which pools to stake differs for each person based on their risk determination and the ever-shifting balance of collateral and transactions across pools.

With the launch of Flexa Payments, and the new Transformer and app pools in Flexa Capacity, Flexa is taking one more step toward enabling spending of any asset from any app anywhere in the world.

The price of AMP fluctuates daily: it can go up or down within a few hours. So, what’s the future of this cryptocurrency? This article looks at the latest AMP price prediction and analysis. By doing so, you can better understand where this digital currency is heading shortly. Plus, we’ll provide some helpful tips on how you can make money off of AMP.

AMP price started in 2023 at $0.0030. Today, AMP traded at $0.0024, so the price decreased by -20% from the beginning of the year. The forecasted AMP price at the end of 2023 is $0.0035 – and the year-to-year change is +15%. The rise from today to year-end: +43%. In the first half of 2024, the AMP price will climb to $0.0038; in the second half, the price will add $0.0002 and close the year at $0.0040, which is +64% to the current price.

The forecast for tomorrow, near days, and months:

  • Thursday, July 27 – $0.0024
  • Friday, July 28 – $0.0025
  • Saturday, July 29 – $0.0025
  • Sunday, July 30 – $0.0025
  • Monday, July 31 – $0.0025
  • Tuesday, August 01 – $0.0025
  • Wednesday, August 02 – $0.0025
  • Thursday, August 03 – $0.0025
  • August 15 – $0.0026
  • September 15 – $0.0028
  • October 15 – $0.0030
  • November 15 – $0.0032
  • December 15 – $0.0034
  • January 15 – $0.0035

Our real-time AMP to USD price update shows the current Amp price as USD 0.0025. According to our Amp price prediction, AMP price is expected to have a -9.53% decrease and drop as low as by July 27, 2023. Our analysis of the technical indicators suggests that the current market feeling is Neutral

Bearish 29%, with a Fear & Greed Index score of 50 (Neutral). 

Over the last 30 days, Amp has had 12/30 (40%) green days and 2.35% price volatility. Amp (AMP) Technical Overview When discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments. 

NEUTRAL Bullish 71% Bearish 29% Amp (AMP)

Price Prediction For Today, Tomorrow, and Next 30 Days Date Price Change

July 26, 2023, $0.002308 -15.43% 

July 27, 2023, $0.002439 -10.63% 

July 28, 2023, $0.002469 -9.53%

July 29, 2023, $0.002345 -14.07% 

July 30, 2023, $0.002143 -21.47% 

July 31, 2023, $0.002202 -19.31% 

August 01, 2023, $0.002398 -12.13% 

August 02, 2023, $0.002381 -12.75% 

August 03, 2023, $0.002199 -19.42% 

August 04, 2023, $0.002227 -18.4% 

August 05, 2023, $0.002354 -13.74% 

August 06, 2023, $0.002012 -26.27% 

August 07, 2023, $0.002153 -21.11% 

August 08, 2023, $0.002428 -11.03% 

August 09, 2023, $0.002504 -8.24% 

August 10, 2023, $0.002512 -7.95% 

August 11, 2023, $0.002443 -10.48% 

August 12, 2023, $0.002285 -16.27% 

August 13, 2023, $0.002182 -20.04% 

August 14, 2023, $0.002187 -19.86% 

August 15, 2023, $0.002275 -16.64% 

August 16, 2023, $0.002117 -22.43% 

August 17, 2023, $0.002469 -9.53% 

August 18, 2023, $0.002419 -11.36% 

August 19, 2023, $0.002136 -21.73% 

August 20, 2023, $0.002129 -21.99% 

August 21, 2023, $0.002184 -19.97% 

August 22, 2023, $0.002116 -22.46% 

August 23, 2023, $0.002219 -18.69% 

August 24, 2023, $0.002536 -7.07% 

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