Have you heard about Cryptocurrencies?
Do you know what it implies and how it works?
Do you have cryptocurrencies (ethereum, btc etc) yet you can't pay for good and services without first converting to fiat??
Do you think the digital currency is just ever going to be used only on exchanges and never to be used in paying your bills?
Be rest assured that all of these bottlenecks are being conquered with just one move and this move is FUZEX! Fuzex is bringing all of these problems to and end and I'm going to throw a lot of light into this analysis just so we know that FUZEX is the future for easy usability of Cryptocurrencies.
OVERVIEW
The spread of cryptocurrency round the world is like wild fire, hitting every sphere such as finance, business, health care, agriculture, education and lots more. Cryptocurrency with the aid of blockchain is appreciating and gaining grounds as its been integrated into these systems and it has brought solutions to many long standing problems in these systems by making easy and faster the transaction of trade, decentralizing the flow of income, enhancing the security of business, bringing transparency in transactions, creating a unified currency that is appreciated worldwide and many other solutions yet to discover.
The uniqueness of cryptocurrency is it diversity of usage, how it can be used all sector without complications, it has become the true definition of money. Before the introduction of money the colonial system of trade was “trade by barter”, a system that allows the trade of goods or services with goods or services in a reciprocal manner, this system lasted till a better development came up which was the introduction money and value to the trading system. The introduction of money brought value, equity, transactions and many other features with it and ever since the inception of money the financial system experiences a quantum leap of advancement in the banking system. The development of the trading system is never dominant nor static, as problems are are encountered new models design to solve them, this lead to the break out of cryptocurrency.
Cryptocurrency just like any other trading platform with the use of blockchain has helped placed trading system on a high pedestal of advancement with introduction of many features. In every way cryptocurrency like Bitcoin and Ethereum is similar to money in the following characteristics which includes scarcity, durability, portability, divisibility, authenticity, easy storage, fungible, difficulty and counterfeiting, except usability.
However the usability characteristics of money is quite different from that of cryptocurrency and that is why the need for FuzeX is essential. The vision of fuzeX is to aid the functionality or usability of cryptocurrency as money in transaction of goods and services in the larger market as it appreciate worldwide.
What is FuzeX?
FuzeX is a new blockchain service that seeks to impliment alt-currencies for daily purposes. The major contribution of the company to the market is the gift of its innovative card which can normally serves as a crypto-enabled e-card.
The FuzeX card is not different in size and thickness from a normal standard credit or debit card, but the difference is the components imbeded on the card, components which includes:
An EMV chip.
Dynamic magnetic strip.
E-Paper Display (EPD).
Three input/option buttons.
Rechargeable battery and charging terminal.
EMV (IC chip) for Multi-cryptocurrency payment.
Portable battery pack.
QR Code for cryptocurrency wallet addresses for P2P transfers.
Despite the fact that some decentralized currency has gear many innovative solutions in various sectors over the years, the need of using one's crytopcurrency is quite tedious and cumbersome, FuzeX is set to achieve the goal of making the usability of one's cryptocurrency very easy to use. FuzeX strives to make all forms of currency payment secure, reliable and User friendly.
FuzeX also creates account platforms for
users as walletes, this wallet allows users to store, receive, spend and transfer tokens, and provides them with features such as validation of customer registrations (including KYC), management of crypto portfolios by allowing customers to send, receive, and exchange alt-tokens on a single platform, secure private key management and many others.
Benefits of FuzeX
FuzeX allows users to store, manage and use up to 30 credit, debit and cryptocurrency accounts via a single platform.
FuzeX supports the usage of cryptocurrency irrespective of time and location.
How does this works?
Registration and crediting account
The user first has to create a wallet account with FuzeX by installing the application from net.
The FuzeX wallet has to be credited by tranfersing an equivalent amount of cryptocurrency from an extern wallet.
Transactions
Transactions are made easy on FuzeX with the inbuilt control on the FuzeX card, to make purchase or transactions, customers need to select their choice of cryptocurrency. When the exchange is completed, the client uses the POS device to confirm the payment. A notification will be sent to the clients FuzeX wallet application to declare his purchase summary.
FuzeX Exchange
The FuzeX exchange is a platform to enhance world-wide cryptocurrency adoption to reality and allowing users to spend, receive and transfer cryptocurrency on their FuzeX Card as they would do on any regular credit card, and for clients to receive fiat currencies. This is established by enabling any cryptocurrency the FuzeX Card User selects to be released in the respective fiat currency to Issuers, based on the relevant market exchange rate. Our FuzeX Card will work in conjunction with EMV POS terminal standards.
THE TEAM
it is without doubt that a good project is never enough unless a good team backs it up. The team is however the backbone of every project because without an intellectual team there is likely to be flaws in the development as well as the incompetence n following through the road map. fuzex comprises of team that are intellectuals and highly trained in their fields of specialization. They have followed through on their road map from inception till date and this is one team you can trust to fulfil these futuristic goals. Below are the team head and you can further check them out on LinkedIn for more information.
CONCLUSION
With the overview above we can say that Fuzex is not only a solid platform for easy interoperability and usability of cryptocurrencies but a good and solid replacement of the usual credit cards. The fiat credit cards have multiple disadvantages as opposed to Fuzex card as it shields users from fraud. This overview is a step in the positive direction as it bringing to limelight the usability of cryptocurrencies.
For more information on the FuzeX project please visit
Official website: https://fuzex.co
Whitepaper: https://www.google.com/url?q=https://www.google.com/url?q%3Dhttps://fuzex.co/wp-content/uploads/2018/01/FuzeX_whitepaper.pdf%26amp;sa%3DD%26amp;ust%3D1534527822760000&sa=D&ust=1534527822863000&usg=AFQjCNFRXHqVYjO55aiz_-e22RkAyJSVVg
Telegram: https://t.me/FuzeX