It has been a wild ride for cryptocurrencies, particularly within the past couple months. Prices for Bitcoin went up as high as 24 million won on Korean exchanges ($22,000US) and the Ripple coin XRP peaked at phenomenal hights of 4,500won ($4US). Investors flocked to the booming market which skyrocketed the Crypto marketcap above 800billion USD. All of this came to a sudden turn when Coinmarketcap decided to remove the data from South Korean crypto exchanges, from its own data listing, which caused the valuations to drop drastically. Panic sales followed, further lowering the crypto marketcap, which in addition to the South Korean governments announcement of banning cryptocurrecy trading, and some other news of fear uncertainty and doubt, sent the crypto marketcap plummeting to roughly 260 million USD. A difference of roughly 590 million USD.
If you were like me, and made some investments at the peak of December and early January, the past two months must have felt like an eternity. If you are like me, however, and have made it thorugh this haze of uncomprehensible jumble of emotions, you are finally seeing the light at the end of this seemingly endless tunnel.
Although cryptocurrencies have been around awhile, their popularity seems to have really peeked only within the last year, and to describe this increase in interest as a peek is clearly an overstatement as the estimated 50 million of present cryptocurrency users, make up less than 1% of the overal world population ((source) https://www.quora.com/How-many-people-are-currently-investing-in-cryptocurrencies/answer/Nele-Maria-Palipea)
This small number of users brings in with itself plenty of challanges as well as opportunities for both developers and investors within the cryptocurrency space. The cryptocurrency world is posed for a strong push towards a mass adoption of the new means of payment and a plethora of companies tries to bring the broad variety of cryptocurrencies into the everyday use, which is clearly not an easy task.
FuzeX, a South Korean company, may have found one of many solutions necessary to further the mass adoption of cryptocurrencies as a form of payment in everyday transactions. The fully functional debit/credit card comes with all the bells and whistles necessary, which are clearly laid out in the companys whitepaper.
I personally am extremely excited about this project, because it is the very first of its kind. A fully functional and secure debit/credit card for your cryptocurrencies, which can be used like any other credit card for any number of purchases. Best of all, it does not require the merchants to to have to accept any of the cryptocurrencies, as the card conducts transactions by selling of your cryptocurrencies held within your linked wallets, and sending fiat to the merchants accounts!!!
The cards are not free, presently retailing at an introductory price of $129 US, which I think is a small price to pay for this life changing innovation, and can be purchased on the FuzeX purchase online store or in person if you happen to be located in South Korea.
Take a look at the promotional videos:
This is a shift into a new world paradime people!!!!!
I would love to hear what you think about this project!!
