Trevor Filter

"If you're in crypto and not paying with stablecoins, you're a fraud" We're getting hot takes from the Base team at ETH Denver:

All joking aside, I’m so excited about the room this clears on our plates for what’s next... 😎

End of an era! Good-bye, old friedn... You will be missed.

This is factually incorrect. In practice, rewards don’t come from card networks being generous. They’re funded in three main ways: > Merchants fund a large part of rewards Many rewards are effectively merchant-paid. Merchants agree to higher fees or marketing programs to boost sales, visibility, or conversion. When I was at Amex, we used to run these programs where, merchants routinely paid to run offers and reward boosts because cards drive demand. > Consumer leakage pays for power users A lot of cardholders don’t optimize: - they pay annual fees - they revolve balances and pay interest - they don’t redeem points efficiently That money subsidizes the rewards for people who use cards “well.” If everyone maximized rewards, the system wouldn’t work. > Interchange is recycled to lock in the network: Visa, Mastercard, etc collect interchange and then give parts of it back as incentives to issuers and acquirers to onboard users and merchants. This isn’t neutral alignment, it’s strategic redistribution to keep the network dominant. Cards are an incredible network effect, but not because incentives are fairly aligned. They work because merchants have the least bargaining power, consumers are financially inefficient, banks monetize credit and float, and networks sit in the middle at near-zero marginal cost.

@m00nmo0n Former

Get in, Marty. We’re reinventing crypto payments (again). flexa.co/terminal

@TodayAsISeeIt @FlexaHQ Digital wallet totally optional. This can pay out in USD (via bank transfer), 99+ digital assets, or any combination thereof.

@FlexaHQ This looks fire 🔥 @trev Unpopular question incoming, Can/is this linked directly to legacy bank accounts 👀? or is a digital wallet mandatory?

Introducing Flexa Terminal—simply the fastest and easiest way to accept crypto and stablecoins on the go.

@ThorsenOhrman @blackbear1936 @chartyhustle @the_real_CJ Yeah, and it’s probably a really big one, at that.

@blackbear1936 @trev @chartyhustle @the_real_CJ Could be wrong, but the bank would been to be chain based as a depository institution. That would require market structure+deminimis Probably an entity(s) out there just ready to turn this all on already

👀 Flexa Terminal

Start accepting crypto payments with @FlexaHQ. Instant authorization across 99+ assets, fraud-proof settlement with zero chargebacks, compliant rails, and flexible payouts. Low-code or no-code. Built for builders who want to ship fast.

@LAMBULANCE24 @FlexaHQ @dannymccb Yep, we call these “reusable Payment Links.” I don’t know if we expose them in our docs yet but you can see hints of them in, e.g., #tag/commerce-intents/post/commerce_intents" target="_blank" rel="nofollow noopener">docs.flexa.co/api/api-refere…

Question for @FlexaHQ. Will entities like a church or other organizations be able to put up a QR code on stage and attendees be able to scan and donate in the same concept as if a merchant is getting paid?? How would this work for this type of payment? @dannymccb @trev

You and I seem to have different definitions of “cards.” I want to destroy the credit/debit card networks and replace them with pure-digital rails. Tap to Pay hardware wallets aren’t cards in that sense—they are completely incompatible with existing EMV standards. And that’s the problem we’re fixing here.

@trev @the_real_CJ This was a question, not a suggestion. We have all been told for years "pure digital, existing hardware, and no cards" now we have hardware and cards. I think it's a valid question given this is a pivot from statements previously made. Obv this is not traditional card rails.

@Adamukong @chartyhustle @the_real_CJ It will take years to get Crypto Tap to Pay well supported on a majority of mainstream POS devices. That doesn’t mean we’re not working on it; Terminal is simply a shortcut (and a sandbox) to forcing the new equilibrium faster.

@trev @chartyhustle @the_real_CJ another way to ask is ‘what does Terminal do that the one-line-of-code integration to existing pos systems’ not do? Seems like a reasonable question. Is the existing integration option only for major POS systems and Terminal covers the rest? I’m very excited about all of it btw

@chartyhustle @the_real_CJ This suggestion makes... no... sense...? Why would we throw away all of our existing business and ongoing integration work???

@the_real_CJ Is this throwing in the towel for the whole "integrate onto your existing hardware mantra" or just wanting to provide for all options for smaller merchants? I have questions lol

@RedPillGoon @Jehoseph You all are reading into this too much. Flexa already does instant settlement via digital assets. I still want us to offer RTP and FedNow soon, but those rollouts are lagging at the industry level (and it's not even in the top 20 of features our customers are asking for).

@Jehoseph @trev “Later this year” (EOY 2024)…

@trev flexa.co/payments

@DrAnonymous77 👀

Soooo does this mean spend limits are also increasing as well? 👀 @trev

@MemeEngineer8 @FlexaHQ We’ll never stop integrating with existing POS systems. This is just an alternative that helps small and otherwise underserved businesses with time-to-market.

@FlexaHQ This is awesome. How about integrating with existing POS systems though?

@ohawisepsyhuh Sure, but it’s much easier to do that by just creating and sending them a Payment Link from your Flexa Dashboard.

@trev Question as a merchant who wants to use this: If this is scan to pay, I could sent my customer the QR code remotely and have them pay from anywhere? No?

@YourChartsBaked Close to a year

@trev Has this been in the works for a bit?

@useburner It must go without saying at this point, but it’s always such a privilege and a pleasure to push the crypto payments envelope with @ccamrobertson, @digit & the entire Burner team! 🙌🙌🙌

We’ve been working with @useburner to bring a totally new point-of-sale form factor to life for digital asset payments. Flexa Terminal is the answer to crypto and stablecoin acceptance that small businesses have been looking for.