Flexa is considered a money services business, which means that we're required to take special precautions in order to prevent money laundering and terrorist financing.
At the same time, we want to make cryptocurrency spending available to as many different people as possible. That means enabling our customers to spend without making them go through an onerous KYC (Know Your Customer) verification process.
As a result, Flexa currently enables you to spend up to $250 per account per week (across all merchants), after we receive and verify your full name, date of birth, email address, and the state or territory in which you reside.
As we continue to build out the Flexa network with support for more coins, more wallets, and more places to pay, we'll always prioritize enabling spending while requiring the minimum amount of personal information.