Amp (AMP)

AMP, previously known as Flexacoin, is a cryptocurrency adaptation that acts as a collateral asset. It was developed with the intention to collateralize retail payments within the Flexa network. AMP helps to limit the tension of crypto payments between customers and merchants using fiat or crypto in order to ensure a merchant’s confidence in accepting a user’s money. This type of cryptocurrency is primarily helpful for business-to-business transactions because funds are temporarily secured during the processing period of a transaction while waiting for confirmation on the blockchain. In this way AMP functions as an insurance policy to notify buyers and traders that cryptocurrency transactions are in-progress.

Amp (AMP) To USD | AMP Conversion Calculator

What is Amp (AMP)?

As an ERC-20 token, AMP is easily accessible because developers built the Flexa network on the Ethereum blockchain. The supply of AMP is fixed at 100 billion coins.  This digital asset was built specifically to function as collateral to secure transactions for merchant-to-merchant payments. While a transaction processes, there is a period of time where it is in unconfirmed, which can take seconds to hours, and AMP is used to insure the value of that transfer until confirmation. Use cases for this project include not only payments but lending, exchanges, and remittances.

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About Amp (AMP)

Amp was built on the Flexa network, which aims to provide fast and secure payments for merchants worldwide. In addition, Amp is compatible with any value transfer, digital or physical, and remains decentralized and open source.