Amp Price up 34% to $0.007674 - Why the Pump And Should You Buy This Crypto Now?
Amp price (AMP) is red hot today, making it the standout performer in Sunday crypto trading action, up 34% at $0.00763.
The Amp crypto asset will be known to many as the platform that hosts the Flexa instant crypto payments app, which in turn powers the SPEDN app.
Using SPEDN you can spend 25 or more crypto at physical stores, with Chipotle among them. Indeed, it was Chipotle's clever "buy the dip" marketing campaign around accepting crypto payments earlier this year that put Amp, and the Flexa network that runs on top of it, on the map.
The unique selling point of Amp is that it provides instant verifiable collateral to users of its base layer.
That is extremely useful for payment networks such as Flexa that provide consumers with a way of spending by their crypto and merchants a way of accepting the value held in those assets.
Flexa instantly converts from crypto to fiat, so the merchant never has to handle the crypto, and therefore does not assume the risk burden of the price changing in a direction that could lead to losses.
However, the Amp price was severely impacted after it was delisted by Binance.US following the SEC's mention of the coin as an unlisted security.
Although there is no solid news Flexa founder Tyler Spalding is speaking at Messari's Mainnet event on 22 September.
Some in the community are expecting an announcement to be forthcoming on the status of payments being made direct on apps as opposed to the point of sale service that is now being used by more than 41,000 merchants in the US and Canada.
Flexa adoption is probably being helped by there being no need of any extra hardware or complicated software upgrades.
The greater the volume going through Flexa, the more rewards there are for stakers from the fee
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