Spedn by Flexa is not crypto. It's a custodial service that requires email, date of birth and "residence" to sign up. It's only available in the US and Canada.
The merchants are not accepting your coins. Spedn is liquidating your coins and paying the merchant in fiat. Spending your crypto using Spedn is just selling your coins at the market price and paying the merchant in fiat.
Using Spedn is detrimental to your coins. It does nothing for building the community. To the contrary, it just creates further sell pressure in a bear market.
It doesn't avoid fees. It's not permissionless. It's not peer-to-peer. It's not private.
Why would anyone use Spedn?
