Flexacoin describes itself as a digital collateral token for facilitating instant cryptocurrency payments. It was originally developed to collateralize retail payments on the Flexa network. The Flexa network reportedly uses Flexacoin (FXC) to enable instant and fraud-free point-of-sale transactions at merchants worldwide, with a view towards achieving a long-term vision of making cryptocurrency spendable everywhere. Flexacoin (FXC) is used to stake wallets on the Flexa network. Stakers help to collateralize payments made by those wallets, and in return, they earn stake rewards based on transaction volume.