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This Is Why AMP Token Will Make You Super Rich!
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Mar 15, 2022
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View Video Transcript
0:00
the fact that crypto transactions take
0:02
so long to confirm is the fundamental
0:03
reason why shops refuse to accept them
0:06
it might take anything from 10 to 60
0:08
minutes which is far too lengthy for
0:10
retailers
0:11
bitcoin requires four confirmations
0:14
which takes 40 minutes cardano requires
0:16
15 confirmations which takes 10 minutes
0:18
dogecoin requires 40 confirmations and
0:21
so on
0:22
merchants must wait for the transaction
0:24
to be completed since crypto payments
0:26
lack collateral which is a fancy way of
0:28
expressing insurance they won't be able
0:30
to get their money back if they don't
0:32
wait and the payment later turns out to
0:33
be a fraud
0:35
traditional payment methods such as
0:37
credit cards contain collateral which
0:39
allows businesses to let you walk away
0:41
with the product before the transaction
0:42
is validated because credit card
0:45
transactions normally take 48 hours to
0:47
settle retailers can still receive their
0:49
money back from the credit card provider
0:51
if the payment turns out to be
0:52
fraudulent after that time
0:54
so in order for retailers to accept
0:56
crypto payments either the crypto
0:58
payment confirmation time must be
1:00
exponentially faster or there must be
1:02
some form of collateral that guarantees
1:03
the merchants will receive their money
1:05
in the event of fraud
1:06
the amp token is used in this situation
1:09
the flexa network uses an erc20 token
1:12
called amp as collateral
1:14
in a moment we'll arrive at flexa
1:17
it's also a necessary component
1:19
returning to amp amp enables instant
1:22
verifiable assurance for any real-world
1:24
application using assets like bitcoin
1:26
this is a game changer since it gives
1:28
merchants maximum security from the
1:30
blockchain while simultaneously speeding
1:32
up transaction confirmation time
1:34
tremendously
1:35
in today's video i'll go through all
1:37
three reasons why this project has huge
1:39
growth potential and then we'll look at
1:40
some price forecasts for the token at
1:42
the conclusion
1:44
this is a really intriguing initiative
1:45
that has the potential to provide large
1:47
rewards to investors so make sure you
1:49
stay until the finish to avoid missing
1:51
out
1:52
we must first distinguish between amp
1:54
and flexa because they are two unique
1:55
entities that support each other before
1:57
we look at why the amp token will
1:58
explode in the near future
2:00
the parent firm behind amp is flexa
2:03
flex's main goal is to persuade
2:05
retailers to accept cryptocurrency
2:07
payments and amp is an erc20 token that
2:10
serves as collateral in the flexa
2:11
network
2:13
flexa and amp have teamed up to offer a
2:15
decentralized crypto payment solution
2:18
the amp network protects against losses
2:20
while the flexa network enables a
2:22
business to accept an instant crypto
2:23
transaction without making the client
2:25
wait
2:26
this model is up and running right now
2:29
flexa accepts digital dollars such as
2:30
usd coin and die as well as popular
2:33
cryptocurrencies such as bitcoin
2:35
dogecoin and ether as well as digital
2:37
tokens like as luna and chain link
2:39
a number of cryptocurrency payment apps
2:42
including gemini and coin list use the
2:44
flexa network
2:46
these apps may be used to perform
2:47
instantaneous transactions at over 41
2:50
336 locations in the united states and
2:52
canada
2:54
now that you've learned the distinction
2:55
between amp and flexa you'll want to
2:57
know what factors influence the amp
2:59
token's success
3:00
how is amp able to give these huge
3:02
merchants with such a vast amount of
3:04
collateral
3:05
that's when decentralization strength
3:07
comes into play
3:09
the investors are the ones who give the
3:10
security
3:12
they purchase and stake amp tokens
3:14
these stake tokens are utilized as
3:16
insurance in the event of a loss
3:18
so if a merchant does not receive the
3:20
crypto they were promised the flexa
3:22
network pays the business with state amp
3:24
tokens
3:26
the merchant is always compensated in
3:27
this manner
3:29
investors are given a tiny percentage of
3:31
each transaction performed in exchange
3:33
for staking
3:34
the staking yield improves as more
3:36
retailers accept crypto payments because
3:38
the payout is based on the number of
3:39
transactions made on the flexa network
3:42
staking yields are thus linked to the
3:44
utility of flexor rather than being
3:45
dependent on constant token inflation
3:48
if you've made it this far through the
3:49
video you're aware of the differences
3:51
between amp and flexa how they operate
3:53
together to deliver rapid crypto
3:55
transactions 545 and how flexa can
3:58
provide collateral using the amp token
4:01
now let's look at the three reasons why
4:03
the amp token will do well in the long
4:05
run
4:06
flexo will save retailers billions of
4:08
dollars for the first reason
4:10
flex's success is entirely dependent on
4:12
the number of merchants who sign up to
4:14
join its network therefore the more
4:16
value it can provide to merchants the
4:17
faster it will grow
4:19
what is the one thing that merchants
4:21
adore
4:22
flexa can help them make money which is
4:24
exactly what they need
4:25
this is how it works the majority of
4:27
credit card providers levy a transaction
4:29
fee of around four percent
4:32
transaction fees for credit cards are
4:33
three percent while transaction fees for
4:36
paypal are four percent
4:38
fees can be significantly higher in some
4:40
instances
4:41
the flexa cost on the other hand is
4:43
typically under one percent therefore
4:45
switching to flexa and accepting bitcoin
4:47
instead of a credit card can save a
4:49
retailer up to 66 on payment processing
4:52
fees
4:53
that's a lot of information
4:55
walmart for example spends over 5
4:57
billion each year on payment processing
5:00
thus switching to flexa may save them
5:01
around 3.3 billion
5:04
while it's unlikely that a large
5:05
organization like walmart will totally
5:07
migrate to a new payment system we can
5:09
clearly see them integrating flexo with
5:11
their existing payment system
5:13
so how can flexa manage to charge a one
5:15
percent transaction fee instead of the
5:17
typical four percent
5:19
that gets me to the second reason for my
5:21
optimism and flex's success
5:23
reason 2 flex's technology is superior
5:27
in comparison to antiquated legacy
5:28
systems flexa has superior technology
5:32
the vast majority of money now is
5:33
processed through 1970s era legacy
5:36
systems
5:37
this system is slow and inefficient
5:40
it has a lot of superfluous stages in it
5:42
making it a terrible system to use
5:44
let's have a look at how credit cards
5:46
handle transactions to see how slow it
5:48
is
5:49
the first process is authorization
5:51
followed by authentication which
5:52
comprises five additional steps and
5:55
finally clearing and settlement which
5:56
has seven more steps
5:58
i'm not going to boring you by going
6:00
over each step because that's not the
6:01
point of this video
6:03
you don't need to understand the entire
6:04
credit card payment processing process
6:07
the point i'm trying to make is that
6:08
it's a long difficult process with many
6:10
parties involved
6:12
this is why credit card firms levy fees
6:14
of around four percent on each
6:15
transaction
6:17
flexa on the other hand completes
6:19
transactions in three steps
6:21
the flexa network protocol instantly
6:23
transforms the crypto into whatever
6:25
money the merchant desires after the
6:27
payment is made
6:28
these crypto to fiat transfers are
6:30
carried out in the background utilizing
6:32
cryptocurrency exchanges with which
6:33
flexa has collaborated
6:35
fiat money is then wired to the
6:37
merchant's bank account after the
6:38
conversion
6:40
this is a highly intelligent and
6:41
innovative method of transaction
6:43
processing
6:44
in comparison to the existing processing
6:46
system it involves far fewer
6:48
participants and is much faster
6:50
furthermore retailers do not need to
6:52
purchase or install any gear or software
6:54
in order to accept flexa payments
6:57
all merchants need to do is scan a
6:58
one-time qr code produced on your phone
7:01
much like they would a gift card
7:03
that is all there is to it
7:05
flex's adoption by large merchants is
7:07
unavoidable due to its ease of use and
7:09
excellent technology
7:10
regulatory approval is the third reason
7:13
the most crucial component in a crypto
7:15
project's long-term viability is how
7:17
well it adheres to regulations
7:19
a project's regulatory approval can make
7:21
or ruin it
7:23
especially now that the sec is cracking
7:25
down on cryptocurrency projects
7:28
if you're a subscriber to this channel
7:29
you're already aware of coinbase's
7:31
current fight with the sec
7:33
the disagreement began in early august
7:35
when the sec chair stated that many of
7:37
the tokens now traded on coinbase may be
7:39
unregistered securities that lack
7:41
required disclosures and market
7:42
monitoring tensions are high right now
7:45
as crypto projects strive to comply with
7:47
the sec stringent restrictions
7:50
in this category flexa is doing a
7:52
fantastic job
7:53
flexa is a corporation based in delaware
7:56
but its offices are in new york
7:58
new york is the toughest state in the
8:00
union when it comes to banking laws
8:02
flexa has purposefully put itself up to
8:04
comply with a highly tight regulatory
8:06
system by working in new york
8:08
flexa complies with regulations to a
8:10
high degree which is critical to its
8:12
long-term performance
8:14
amp is a token that complies with the
8:16
new york state department of financial
8:18
services
8:19
amp is held by gemini and coinbase both
8:22
of which are approved custodians by the
8:23
new york department of financial
8:25
services
8:26
the national multi-state licensing
8:28
system is used to license flexa
8:30
in connecticut georgia iowa kansas maine
8:34
maryland michigan new hampshire oregon
8:38
and washington flexa is registered as a
8:40
money transmitter
8:42
other states money transmitter
8:43
applications are still pending
8:45
this is something that big corporations
8:47
like walmart and amazon like seeing
8:50
these large firms only work with
8:51
companies that are well known and
8:53
regulated
8:54
flexa selecting this box increases the
8:56
likelihood of large firms doing business
8:58
with them
8:59
those are the top three reasons why i
9:01
believe amp token will outperform the
9:03
market in the long run
9:05
finally let's look at some price
9:07
projections for the amp token so you can
9:09
evaluate whether or not this is a
9:10
project worth investing in
9:12
the price of amp is expected to rise in
9:15
the long run according to wallet
9:16
investor
9:17
by 2026 they expect the amp token to be
9:21
valued 48 cents
9:22
that would be a roughly 10x gain at the
9:24
present price of 6 cents
9:26
kryptonews on the other hand is less
9:29
optimistic predicting that the amp token
9:31
will be valued 25 cents by 2025.
9:35
that would be a 5x increase at the
9:36
current pricing
9:38
we can expect similar benefits if
9:40
bitcoin maintains its upward trajectory
9:42
and becomes more broadly accepted by the
9:43
mainstream market
9:45
for the amp token to be valued 40 cents
9:47
it would have to be adopted by one of
9:49
the major retailers such as walmart or
9:51
amazon which is a distinct possibility
9:53
in the next five years
9:55
overall amp and flexa are two excellent
9:58
initiatives with a lot of potential
10:00
they are helping crypto become more
10:02
mainstream by solving a real world
10:04
problem
10:05
they save merchants billions of dollars
10:06
by providing superior payment processing
10:09
technology and adhering to the country's
10:10
tightest rules
10:12
they are committed to making flexa
10:14
available to as many merchants as
10:15
possible
10:16
it will be fascinating to track their
10:18
progress and see how they fare in the
10:19
long run
10:21
that's all there is to it for today's
10:22
video
10:23
if you found this video useful and
10:25
informative on the amp token please like
10:28
subscribe and press the bell icon to
10:30
receive updates on new investment
10:31
opportunities
10:33
also let us know what you think in the
10:35
comments area below
10:36
do you agree with me or do you believe
10:38
the amp token will fail
10:40
i'd like to hear your thoughts and have
10:42
a discussion with you all
10:44
take care and keep investing until next
10:45
time