Flag for Business

While the Flag platform strives to provide crypto users with a solid range of options they expect to see on a major EVM-compatible blockchain, including wallets, decentralized finance (DeFi), NFTs, and so on, our main focus remains developing Flag into alternative rails for the global payments industry. We want a future where hundreds of millions of people worldwide use crypto for their everyday needs.

However, it is our conviction that most consumers will not use the blockchain for payments directly, as crypto-savvy people do now, at least in the foreseeable future. Most people are not prepared to run their bank accounts directly on-chain and be exposed to the friction and risks involved.

Instead, applications will need to be built that will make the experience of making payments and other financial transactions as smooth and close to what users have become familiar with while using modern payment apps like Venmo and Revolut. These will run on top of the blockchain but they will not force users to handle private keys or pay transaction fees.

This section provides an introduction to the Flag tools that businesses and other organizations can already put to use to develop just such applications.