Flux

Flux is developing a mobile application designed to streamline cross-border payments for merchants, freelancers, and individuals. The platform enables users to send and receive payments globally in both cryptocurrency and fiat currencies. By leveraging a user's phone number, Flux creates a digital wallet that facilitates payment acceptance without the complexities and high fees associated with traditional exchanges. Merchants can choose to receive payments in either crypto or fiat, with crypto payments offering swift conversion to fiat for immediate spending. This addresses a critical need in regions where established payment platforms like PayPal are unavailable and local currencies are prone to instability. Flux aims to simplify the process of receiving and converting crypto payments, offering a faster and more cost-effective solution compared to existing crypto exchange apps and address-based transactions.