Bitcoin users don't care about big retailers accepting the cryptocurrency if it comes in a centralized form.
Flexa’s Terms of Use also discusses monitoring user accounts for suspicious activity; the right to temporarily delay, hold, or return deposits; and even a $100 per week spending limit.
This doesn’t exactly sound like the crypto revolution bitcoin users have been excited about for the past decade. While this setup may make sense for centralized stablecoins like the U.S. dollar-focused offering from Gemini, Bitcoin was not invented to make buying coffee at Starbucks with a government-issued currency more efficient.
There are also altcoins that aim to provide payments that are cheaper and faster than what bitcoin can offer, but these alternative coins tend to be more centralized and lack the liquidity found with the world’s original cryptocurrency.
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