Forget about Shiba Inu. How can I get my hands on Flexa Network shares?

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InvestorPlace’s Josh Enomoto recently discussed basics or Shiba Inu (CCC:SHIB-USD). I almost fell off the chair when I read the words of my esteemed colleague about the puppy token.

Source: Wollertz / Shutterstock

“But if I go back to the basics, yes, Shiba Inu has them. For example, in December last year, the Flexa payment network added SHIB-USD as a possibility to pay at more than 40,000 merchants, according to the Be In Crypto report, ”Enomoto wrote.

On the one hand, Josh’s comments suggest that SHIB-USD has some utility. But on the other hand, its only real utility is an alternative form of payment. Nothing more than choosing between cash and credit to buy movie tickets.

Besides, if Shiba Inu is all that and a bag of chips, why would I use a prized fortune for movie tickets in the name of God? I will maintain this point until I am dead and buried. He is now the real star of my colleague’s article Flexa network.

If I could get my hands on a few shares of the company, it would be a coup. Here’s why.

Shiba Inu is useless without Flex

I like AMC Entertainment (NYSE:AMC), Regal Cinemas – to own Cineworld Group (OTCMKTS:CNWGY) – knows an intelligent business move when he sees it.

In late November, Regal announced that it had entered into a partnership with Flexo, which allows film viewers pay for things with digital currencies. Although Shiba Inu did not make the original cut, the company said it was and Dogecoin (CCC:DOGE-USD) were next in line.

Ken Thewes, Regal’s head of marketing, said this va statement:

As more and more of our customers demand solutions for digital assets and more secure payment methods, we are grateful to have found a partner in Flexi, a company that is revolutionizing digital payments with state-of-the-art software and an innovative business platform.

Regal’s announcement followed a similar decision by AMC to adopt digital currencies in its theaters. me discussed November topic, indicating:

If you own SHIB-USD, I can’t think of a single reason why you should pay for a trip to the cinema with its coins. The benefits of this business-to-customer relationship flow entirely into AMC. If you want to go to the cinema, pay with money.

Same for Regal.

In this situation, Regal and Flexa have all the advantages. Shiba Inu holders don’t get any.

Of course, if you’re disciplined enough, you might set aside a few million chips ($ 200) that you’ll spend on just going to the movies. If you did that when Regal posted Nov. 23 as I write this, your chips would be worth $ 50 less. These are at least two trips to the cinema that have disappeared into the air.

If cryptocurrencies only went one way: higher, you could see the point in putting them aside. But, unfortunately, this is not the case.

Why invest in Flexa Network?

In September Flexa announced employment of Michelle Ann Gitlitz as her General Counsel. The lawyer previously ran a Washington-based international law firm Crowell & Moring’s The practice of chaining blocks and digital assets. She also co-led their practice for financial services. He brings more than 20 years of experience to the table.

In a press release, Gitlitz said:

Flexa’s state-of-the-art technology and fraud-free guarantee should alleviate the concerns that hinder the wider institutionalization of the digital currency as a medium of exchange. I welcome the opportunity to use my experience with payments, virtual currency money transfer, and blockchain technology as we offer digital adoption to merchants and consumers around the world.

Companies employ people all the time. So you’re probably thinking: what’s wrong?

The great thing is that the partner in the law firm decided to jump off the ship and leave the pleasant boundaries of the legal world to help Flexe grow. The lawyer was once an analyst at UBS Warburg. He clearly understands the potential of Flexa’s business.

For me, companies like Flexa, which provide the infrastructure to boost the digital asset economy and blockchain, will do very well in the next decade. In many ways, we are at the beginning of financial services 2.0 or 3.0.

While it’s hard to say who will win in the end, investors should be much more interested in Flex than Shiba Inu, mainly because the former provides significantly greater usability.

Bottom line

How do you invest in Flexo?

It was sold at the end of 2021 $ 6 million from amp (CCC:AMP-USD), a side token of the Flex network. Flexa sold a total of $ 20 million in AMP-USD to fund its growth strategies.

So if you think Flexa is a bee knee, you can always buy some tokens.

As for investing in the company itself, you will have to wait for it to be made public. When it will, I will very interested in reading his prospectus.

At the time of publication, Will Ashworth did not have (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are the opinions of the writer who are the subject InvestorPlace.com Guidelines for publication.

Will Ashworth has been writing about full-time investments since 2008. Among the publications where he has appeared are InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger and many others in the US and Canada. He especially enjoys creating portfolios of models that are time-tested. He lives in Halifax, Nova Scotia.

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