FuzeX is an innovative payment solution that intends to solve the cryptocurrency usability problem through the FuzeX ecosystem. The essence is to make fiat and cryptocurrency easily interchangeable, make more cryptocurrencies easy to spend through the integration with the merchant-friendly FuzeX ecosystem.
The project aims to solve the challenges associated with the application of cryptocurrencies in real life situations and thereby eliminate the barriers created by low adoption and prejudice towards their use as means of transferring value. This has been made possible through the combination of the team’s experience in payment solutions, blockchain technology, and software and hardware development.
The project comprises the FuzeX card that will support multiple cryptocurrencies and enable users to easily make everyday payments using digital currencies. The card embeds multiple credit and debit cards as well as the ability to support many digital currencies.
Spending cryptocurrencies sometimes present challenges. This is due to the fact that there are limitations in their scope of acceptance among merchants. Also, it requires some processes in converting them to forms that are universally acceptable. This is because the level of adoption is still minuscule due to the novel nature of the innovation.
Therefore, holders of coins are sometimes faced with the problem of spending them on goods and services they desire to purchase. There are times that the vendor may not even be aware of the existence or value of digital currencies necessitating conversion to fiat before making purchases.
Other times, financial institutions have been known to place restrictions on accounts associated with digital currencies causing holders to find it difficult to make coin-related transactions. Payment processors such as VISA and MASTERCARD also have been known to place embargo on cryptocurrencies, suspending support, thereby creating a need for platforms that are not just crypto-friendly but capable of full support of a wide range of digital assets.
Due to these challenges, the process of spending digital coins is mostly not straightforward. Many holders of these virtual assets typically convert them to fiat before making purchases, which undermines the entire process of a digital token economy.
Even with the effort made by some fintech startups through the introduction of debit cards with crypto-supporting abilities, the use cases of these are limited in the sense that the number of coins supported by these cards are few. This still hampers wider adoption of currencies and necessitates an introduction of payment platform that supports a wider range of digital coins.
FuzeX is building a secure and convenient payment solution that enables users to spend their digital assets anywhere. With the Fuzex system, holders of digital assets will be able to select the desired cryptocurrency, check the balance available and easily spend them with merchants.
It provides an all-in-one payment solution that enables payment with cryptocurrencies and fiat through multi-virtual currency support combined with traditional support for fiat based cards. The FuzeX wallet also allows users to store, send, transfer and receive tokens. The platform will also support the exchange of different digital tokens along with real time crypto to fiat conversions.
FXT currently traded at
Website: https://fuzex.co/
One-Page Pitch: https://fuzex.co/wp-content/uploads/2018/06/onepager_ENG.pdf
WhitePaper: https://fuzex.co/wp-content/uploads/2018/01/FuzeX_whitepaper.pdf
BitcoinTalk [ann]: https://bitcointalk.org/index.php?topic=4495101.0
Telegram Invite: https://t.me/FuzeX
Social Media Links
YouTube: https://www.youtube.com/channel/UCKC_X1r-3yoBpVeuFcR8thQ
Medium: https://medium.com/fuzex
Reddit: https://www.reddit.com/r/fuzex/
Twitter: http://www.twitter.com/fuzex_co
Facebook: https://facebook.com/fuzex.co
@justiceforallBitcoinTalk user: Mr.Ease
User link: https://bitcointalk.org/index.php?action=profile;u=803528
Ethereum Address: 0xfd797888c66DfEbf7bA5A6927a50F2F75Ad7175e
