While cryptocurrency has skyrocketed in adoption in recent years, we are still at less than 5% global adoption. A strong theory behind why the vast majority of internet and smartphone wielding consumers haven’t yet adopted cryptocurrency is that they do not see direct value outside of it as an investment vehicle. Truthfully, no matter how much Bitcoin, Ethereum, or Dogecoin we #hodl, we still need our basic needs met. Regardless of our financial standings, we are all united in our need for food, shelter, and clothing.
The FLIN project hopes that by addressing these needs and giving merchants a clear venue to directly accept cryptocurrency payments, we will see an increase in adoption in the market. Cryptocurrency has countless benefits for everyday consumers, with the most substantial being the fact that it’s open to everyone. Anyone can have a crypto wallet irrespective of the socioeconomic barriers that come with traditional fiat banking accounts. In a world where everyone has access to fast, secure, and accessible transactions, the benefits are endless. We at Flindel, the team behind the FLIN project, are excited to bring this offering to the world.
The FLIN project is open to all, regardless of barring factors such as age, background, credit or history. No minimum balances or monthly fees are required to have access to a FLIN account. Our platform follow familiar UI principles to consumers where their interactions will be seamless.
Merchants and consumers will enjoy fast and secure transactions on our network. Merchants will experience the benefits of lower transaction fees compared to traditional fiat transactions, fast settlement times and through our technology, experience reduced return fraud.
Consumers are able to earn unique cryptocurrency rewards on commerce transactions. More on this in our whitepaper.