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CRYPTO PAYMENTS
WITH 0% FEES
With a true peer-2-peer
True P2P payments mean that there is no middlemen. Therefore, Flash cannot charge fees or make profit by giving you or your customers bad token-fiat exchange rates.
payments design, Flash Payments is a simple and near-zero cost platform to help small businesses set up crypto payments. Set up in 1 minute.How It Works
1
You display a QR code
You receive the QR code after setting up (set up in 1 minute)
2
Customer scans and pays
1.
When the customer scans your QR code, their MetaMask app?
MetaMask is the most popular app to send/receive tokens and is used by 50+ million people worldwide
will open2.
The customer enters the amount of for payment
3.
When the customer submits payment, USDC tokens?
1 USDC token = 1 USD, as gauranteed by Circle. USDC is a popular token that almost all crypto users have.
(with a value equal to the amount of entered) will be sent from their MetaMask app to your Flash app3
You confirm payment
~5 seconds after payment, you'll receive a notification in the Flash app. Employees can also access your Flash app to confirm successful payments.
4
You cash out
Flash is designed to minimize your loss from fluctuating exchange rates (how?
When a customer pays, our interface alters the USDC- rate by 0.3% in favor of the business. So, you actually earn an extra 0.3%. In the long run, these extra earnings should offset any losses due to fluctuating rates, if you cash out frequently (~2x per month). Customers will not mind the extra 0.3% because the USDC-to- rate offered by Flash is usually 1-5% better than the USD-to- rate at any bank.
)Global payments
with near-zero fees
with near-zero fees
Sending money on the blockchain costs near zero, but most blockchain payment platforms still charge 1-2% in fees. Flash charges 0%, as Flash integrates existing low-cost blockchain infrastructure (the Polygon blockchain, Web3Auth, cryptocurrency exchanges, and others) to create possibly the lowest-cost payments platform today.
Simplicity means
low overhead
low overhead
The Flash app has a minimalistic interface that is easy to learn.
If you have a PoS system, using Flash should not increase your overhead. When a customer pays through Flash, first confirm the payment on the Flash app. Then, enter the transaction in your PoS system as a cash payment. This way, all transactions are kept in a single system.
Attract new customers & enable frictionless spending
Attract a young and growing demographic
Hundreds of millions of users, particularly the younger generation, enjoy using crypto. The MetaMask app has 50+ million users.
Attract big spenders
Many users keep their entire savings on the blockchain. These people may be willing to spend more when using USDC than when using card or cash.
Learning Center
In 5 short lessons, learn the basics of blockchain
Lesson 1
What are blockchains & tokens?
A blockchain is like a banking system.
The banking system is composed of bank accounts, where accounts can transfer currencies (USD, EUR, YEN) to other accounts. A record of account balances and transactions are stored in bank servers and secured by bank employees.
Similarly, a blockchain is composed of blockchain accounts, where accounts can transfer tokens (USDC, USDT, BTC) to other accounts. Records of account balances and transactions are stored in thousands of servers globally and secured by tens of thousands of individuals who are incentivized to maintain accurate records. Over 10+ years with $30+ trillion transacted, blockchains have proven to be very secure financial networks.
Every blockchain account is assigned a unique address, which is like a bank account number. When you send tokens, you will need to enter the recipient’s blockchain address. To receive tokens, you will need to share your blockchain address with the sender. As you see, sending and receiving tokens on the blockchain is very similar to sending and recieving money in the banking system.
Lesson 2
What is an EVM address?
Today, there are 100’s of blockchains. What helps simplify matters is that most blockchains, including 7 of the top 10 blockchains (Ethereum, BSC, Arbitrum, Optimism, Base, Polygon, Avalanche, Blast), are built using the same technology called the Ethereum Virtual Machine (EVM). An advantage of EVM is that a single EVM blockchain account can be used for all EVM blockchains. For example, if you have an EVM blockchain account and your EVM address is 0x709D8145D21681f8287a556C67cD58Cb8A7FB3Aa, you can use this same address to receive tokens on the Ethereum chain, Polygon chain, or any other EVM chain. Payments on Flash use an EVM chain (Polygon), so for now we'll only focus on EVM blockchains.
Lesson 3
Are tokens real money?
Some tokens do not have value, while others do. USDC is a token issued by Circle (a highly regulated U.S.-based company) and is backed one-to-one by USD. The USD reserves are held in major U.S. banks with quarterly attestations. Therefore, 1 USDC has a value equal to 1 USD.
USDC is an example of a currency-backed stablecoin. Similarly, EUROC and JPYC are also currency-backed stablecoins that represent 1 EURO and 1 JPY, respectively. Currently, Flash only allows USDC transactions because most blockchain users already possess and use USDC. When other stablecoins become more popular, we will integrate them.
Lesson 4
How do I use the blockchain?
To start using the blockchain, most people will first register an account on a cryptocurrency exchange. A cryptocurrency exchange (e.g., Coinbase, Binance, Crypto.com, etc.) is a platform where you can buy or sell tokens (e.g., USDC) with fiat currency (e.g., USD). A cryptocurrency exchange account comes with an EVM blockchain address, so you can use your cryptocurrency exchange account to send tokens to or receive tokens from other EVM blockchain accounts. Cryptocurrency exchanges are essentially gateways to the blockchain world.
After getting a cryptocurrency exchange account, most people will then download a Web3 wallet app (e.g., MetaMask, Coinbase Wallet, Phantom, SafePal, etc.) and then send tokens from their cryptocurrency exchange account to it. MetaMask is by far the most popular Web3 wallet, so we’ll use MetaMask as an example. When you download the MetaMask app, you will be asked to create an EVM blockchain account. You can then send/receive tokens from the app, just like a cryptocurrency exchange account.
There are 2 main reasons why people want their tokens in a Web3 wallet rather than on a cryptocurrency exchange: 1) Sending/receiving tokens on a Web3 wallet takes ~3s, compared to ~3 minutes on a cryptocurrency exchange. 2) A Web3 wallet can connect with thousands of blockchain-based web applications. For example, you can earn U.S. treasury rates on the blockchain. To do this, first buy USDC tokens on a cryptocurrency exchange. Then, send the USDC to MetaMask. With MetaMask, you can connect to the Flux Finance website and deposit your USDC on there to earn U.S. treasury rates (~5% APR).
With 50+ million people transacting on the blockchain, a large majority of these people will likely have the MetaMask app on their phones and USDC tokens in it. That is why Flash was designed for customers to pay with the MetaMask app and USDC tokens.
Lesson 5
How does Flash help?
If you have MetaMask, you can easily receive USDC payments from customers. What can Flash do that MetaMask cannot do?
Furthermore, with Flash, businesses do not need to worry about 12-word secret phrases or gas tokens, making Flash much easier to use than MetaMask. Lastly, businesses can download a .CSV file of all payment details to help with accounting.Flash also helps businesses cash out to the bank with zero additional fees. Without Flash, businesses will have to transfer tokens from MetaMask to their cryptocurrency exchange, log into their cryptocurrency exchange, sell USDC, and make a withdrawal to their bank. This is a time consuming process. With Flash,businesses can cash out to their bank in a single interface on the Flash app.
The functions above cannot be completed with MetaMask alone. Flash is a simple, low-cost tool that can help any business set up crypto payments.
Support
For helpful information, read the “Instructions” in the Flash app’s “Settings” menu or the “How It Works” and “Learning Center” sections on this website. For further assistance, email support@flashpayments.xyz
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