Flexa sponsors Las Vegas Lacrosse; Flexa & Citcon host payments webinar; new all-time high TVL
The Amp Community Digest for Friday, June 25, 2021
The Amp Community Digest is here to cover a colorful couple of weeks in the Amp community—read on to catch up on a professional lacrosse team’s newest sponsor, Flexa’s latest webinar, and a wonderful Twitter comic in which a friendly pig in an Amp tee stakes his tokens to Flexa Capacity. For new community members, check out previous issues of the digest and subscribe to stay up to date. For additional, more frequent updates, make sure to join the Amp community on Discord and Twitter.
In case you missed it…
Flexa helps launch new Las Vegas Lacrosse franchise
Flexa partnered with Las Vegas Lacrosse to help launch the new National Lacrosse League franchise at a star-studded event in Las Vegas this week. The franchise, owned by Alibaba co-founder and Brooklyn Nets owner Joseph Tsai along with sports legends Wayne Gretsky, Steve Nash, and Dustin Johnson, features a lightning-fast version of lacrosse called “box lacrosse,” in which participants compete on an indoor turf rink instead of a large grass field. Flexa is working closely with Las Vegas Lacrosse and its ownership team to help increase adoption of digital currencies and bring Flexa to more merchants in the Las Vegas Valley.
Flexa and Citcon host merchant webinar about digital currencies
Last week, Flexa co-founder Trevor Filter joined Citcon VP Jean Kany to present a webinar detailing Flexa’s approach to making digital currency spendable and how merchants can easily enable the new technology via Citcon—a mobile payment gateway for over 6,000 brands worldwide. The webinar was an educational walk through digital currency as a concept and dispelled popular myths surrounding digital payments: a good resource for anyone looking to learn or in the mood for a refresher.
Flexa on the Funky Crypto Podcast
The latest episode of John Kim and Ben Askren’s Funky Crypto Podcast featured Flexa CEO Tyler Spalding along with Jason Williams of Morgan Creek. Listen in for a deep dive into payments, Flexa, and the Lightning Network, as well as some interesting banter on the impending mainstream adoption of crypto.
Current TVL of Flexa Capacity — $1.38 billion
Last time this digest was published, there were roughly 9,000 holders of Amp. This week, there are over 20,000—an increase of nearly 125%! Meanwhile, average daily unique stakers have increased 2,239% between January and June.
The Amp total value locked (TVL) in the Flexa Capacity contract also reached another USD all-time high last week, with the ability to provide spending capacity for nearly $2.4 billion worth of payments volume on the Flexa network. Earn rewards for staking your Amp on the Flexa network toward the apps below:
Did you know?
Amp partitions enable users to stake their assets while retaining full custody, eliminating the risk of destination errors (sending to the wrong address) and loss of funds due to insecure contracts.
Amp is now available to buy and sell on BitMart, Bitrue, and Crypto.com.
DeFi and payments news
Reports shows users interested in spending crypto
According to Cointelegraph, a recent report suggests that more and more people around the world are beginning to see cryptocurrencies as a meaningful way to make payments, with one survey indicating that this opinion is shared by 66% of digital currency holders.
CBDCs: “a concept whose time has come”
The Bank for International Settlements (BIS) put out a report on CBDCs overtly in support of CBDC development, adding that the inevitable introduction of CBDCs are “about making sure that in this new digital world the financial system will remain competitive and open.” This news comes on the heels of the Bank of France completing their first of several CBDC settlement experiment with Switzerland’s SEBA, which will continue until mid-2021.
PayPal and Visa invest in crypto VC fund
PayPal and Visa have entered as limited partners in a $300 million dollar fund announced by Blockchain Capital. This is the first time PayPal has entered such an arrangement with a cryptocurrency-focused VC firm, and signals their continued interest in emerging digital asset technology.
From the community
Amp community member @floatingratio published an excellent thread explaining Flexa and Amp through a delightful series of art panels: join Miffy the buyer, Bruno the merchant, and DeFi enthusiast Alpha Rick in this charming play-by-play of a purchase made with Flexa and collateralized by Amp.
After the robust conversation with Flexa’s Tyler Spalding on the Funky Crypto Podcast, host John Kim took to Twitter to offer a substantial giveaway of Amp.
Tweet of the week
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