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Amp (AMP) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $466,400,835. The current price of Amp is $0.00469, which is -2.292% lower than yesterday. Prices have ranged between $0.00498098 and $0.00475902 over the past 24 hours. All prices are listed in US dollars and accurate as of February 06, 2023 06:02 UTC.
The Amp token can be thought of as crowdsourced collateral that is then used as a security mechanism to decentralize payment risk. Amp is used for value transfers, as the token offers verifiable assurances for quick and secure transactions.
As an Amp holder, you can stake Amp tokens, which will be used to guarantee payment transactions in different currencies.
Amp partners with several services, including CoinGecko, Gemini, Sushi and Uniswap. Created by Flexa, Amp is also the native token for the Flexa payment platform.
Flexa is a payment network that allows users to spend Bitcoin and other cryptocurrencies at retailers such as Nordstrom, Barnes & Nobles and Lowe’s. Flexa is accepted in over 40,000 stores in the US and Canada. Using Flexa, you can make an instant and fraud-proof payment to retailers without the need to disclose sensitive personal information. As a Flexa user, your spending limit is capped at US$250 per week, which resets to zero every Friday. Amp is the token that makes Flexa’s instant payments possible.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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