Flexa Adds Cardano as a Payment Option in 40,000 Locations

Despite the fact that ADA is currently bleeding and underperforming, the native token of Cardano has recently gained a new adoption.

The leading pure-digital payment network Flexa, has announced the addition of Cardano’s native token ADA, to its list of supported cryptocurrencies for payments.

Flexa Adds Cardano Support

On Friday, the company disclosed that it now supports ADA as part of its ongoing campaign which would see the digital token being accepted in close to 40,000 places in the United States.

Download the SPEDN app at https://t.co/Nci6R7LkUP to try instant ada payments on the Flexa network today, including 20% off at @RegalMovies all December long! (Terms apply.)

— Flexa (@FlexaHQ) December 17, 2021

Going by the foregoing, it means that holders of the asset can now use the token as a payment method at Regal, one of the leading theater operators in the United States.

Regal and Flexa, earlier this year announced a collaboration which would see the movie house accept cryptocurrencies as a payment method for their services.

At the time, Regal wrote that it would be supporting crypto payments “Via the Flexa network” continuing that “Regal is accepting these new currencies in a safe, reliable, and trusted way. Flexa’s guaranteed settlement, flexible integration options, fraud-proof architecture, and breadth of currency and payment options solve enduring challenges and points of friction that are currently hindering the widespread adoption of digital assets.”

Cardano in the Last 24 Hours

Cardano’s ADA within the last 24 hours has lost close to 4% of its value and is currently trading for $1.22. Since reaching an ATH of $3.10 on September 2, the digital asset has lost over 60% of its value and its value has plummeted rapidly to new lows.

For any address with a balance of tokens, ITB identifies the average price (cost) at which those tokens were purchased and compares it current price.

Addresses at profit:$BTC 78%$ETH 86%$DOGE 55%$SHIBA 56%$MATIC 83%$ALGO 77%

Addresses at loss:$ADA 73%$SUSHI 84%$UNI 71% pic.twitter.com/X3oDsA7GDn

— IntoTheBlock (@intotheblock) December 13, 2021

According to available data from IntoTheBlock, 73% of addresses currently holding the crypto asset are currently at loss. An indication that the majority of those currently holding the token are doing so at a loss.

Within this period, the asset also lost its bragging right as a top 5 crypto asset dropping to the seventh position according to available data on CoinMarketCap.