The advent of the Blockchain technology brought to the fore Bitcoin which can be said to be the first decentralized, secure and transparent currency. This has also opened with it the doors to innovative business solutions through smart contracts on the Ethereum Network. The challenge this has brought is that despite the significant wealth that could be accumulated in cryptocurrency, exchanging this enormous wealth to usable "money" poses a difficult challenge. The process of purchasing, transferring and exchanging cryptocurrencies to money that is widely accepted is not just complicated but also slow and unstable.
Attempts to tackle this challenge has been mildly successful owing to the limited number of cryptocurrencies and the few merchants that it's use is applicable to. Hence, the need for a far reaching solution that puts to the fore the merits of previous attempts while also correcting the many fails of it. It is to this effect that the FuzeX is approaching this issue. The FuzeX team is working beyond standard approaches and is seeking to develop a remarkable user experience and also solve the cryptocurrency usability problem by introducing a the FuzeX Ecosystem.
FuseX is working on a very remarkable innovation that will kill the present problem attached with owning cryptocurrencies which is spending. It has always been disturbing to note that while Bitcoin, Ethereum and other cryptocurrencies have all the characteristics of usable money, the problem of spending directly has always been a stumbling block and now FuzeX with its FuzeX card would be breaking this barrier. The FuzeX card which is identical in size and thickness to a regular credit or debit card. It consists of an EMV chip, a dynamic magnetic strip, and E-Paper Display (EPD), three input option buttons, a rechargeable battery and a charging terminal.
The FuzeX card is able to store, manage credit, debit, reward and cryptocurrency accounts. The E-Paper Display makes it possible to view balances across accounts, barcodes for reward card scans and even QR codes for Blockchain addresses. Bluetooth connection between the FuzeX card and the FuzeX wallet to ensure security, near field communication for credit and debit card payments as well as a host of other cool features. Users can connect their various accounts (Credit, debit, cryptocurrency) to the FuzeX Ecosystem the the FuzeX Wallet app. Payments can therefore be made using their FuzeX card whenever. As the hub for the FuzeX Card and account management, the FuzeX Wallet allows users to store, spend, receive, and transfer tokens.
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The FuzeX Exchange is the means to bring cryptocurrency adoption to reality, it is the core. The goal is to enable users to spend their cryptocurrencies using the FuzeX card as one would use a credit card and for merchants to receive at the desired local currency. This is possible since the user can select whichever cryptocurrency he desires to use on the FuzeX card which will then be released to the Issuers based on the relevant market exchange rates. The process of use is easy. The user downloads the FuzeX wallet and creates an account to joint the FuzeX Exchange and orders a card. He transfers his cryptocurrencies from his external wallet to the FuzeX wallet. Using the FuzeX app, he activates the FuzeX card. To make a purchase, he selects the cryptocurrency he intends to use from the card and he sees the current exchange rates as well on the FuzeX card. The merchant is handed the card and the purchase is made. The FuzeX card is easy to use!
FXT Tokens:
The FXT Token will be used to purchase the FuzeX card and it will also serve as a means for payment of an annual membership fee. Although this fee can be paid using other cryptocurrencies, it is going to be cheaper for FXT Token holders. Also, although reasonable transaction limits are placed, the limits can be increased based on the number of FXT Tokens possessed by the user. The FXT Tokens will take a more prominent role once the FuzeX Ecosystem is fully operational.
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The FuzeX card is the big break we have all been waiting for and it comes as a relief for us all to be able to make use of our cryptocurrencies as we would other local currencies.
For more information please visit the links below;
Whitepaper: https://fuzex.co/wp-content/uplaods/2018/01/FuzeX-whitepaper.pdf
Website: https://fuzex.co/
Facebook: https://www.facebook.com/FuzeX.co/
Twitter: https://twitter.com/fuzex_co
Medium: https://medium.com/fuzex/news/home
Telegram Chat: https://t.me/FuzeX
Author: Buchito1
Author’s Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2234576;sa=showPosts
The FuzeX card is the big break we have all been waiting for and it comes as a relief for us all to be able to make use of our cryptocurrencies as we would other local currencies.
Lovely Writeup OP!
Thank you! 😊