A key challenge facing cryptocurrencies is the ability to utilize them in daily life.

Despite the current bear season, the cryptocurrency market is hovering at a market cap above $200 billion. There’s an immense amount of value that sits in this market that remains untapped by businesses across the world.

A key limitation to cryptocurrency utility as payments in daily life is attributed to a lack of widespread adoption. It takes time for any new technology to make its way into the masses. However, adoption isn’t the only problem here as the cryptocurrency market remains extremely volatile and this makes it a risky form of value transfer for merchants as most of them run small enterprises which lack the resources to dedicate daily efforts to liquidate the cryptocurrency they receive.

Simply put, accepting cryptocurrencies isn’t very convenient for merchants.

The inconvenience of fiat liquidation and volatility risks that are associated with cryptocurrencies are an understandable reason for most merchants to deny the acceptance of this payment form. Even the mass media has played a role as it has constantly villainized cryptocurrencies, thereby building a greater resistance in merchant adoption of cryptocurrencies.

But what if merchants can be paid through cryptocurrencies without them having to face the burden of liquidating them?
What if they don’t even know they’ve received a payment through an underlying cryptocurrency wallet?

Targeting the Root of the Problem

A recent project, FuzeX targeted the core problem that keeps cryptocurrencies from being accepted at merchants across the world. Instead of making futile attempts at convincing everyone to adopt cryptocurrencies at once, FuzeX simply created a new technology that can facilitate instant fiat payments even if the payer only has a cryptocurrency holding.

FuzeX bridged the gap between cryptocurrency wallets and fiat payments by bypassing the barrier; the project delivers a payment card that can simultaneously liquidate a cryptocurrency for fiat and then issue the fiat to a merchant at a point-of-sale (PoS) system.

FuzeX passes a key barrier: present PoS technology does not facilitate direct cryptocurrencies.
By converting the cryptocurrencies to fiat, FuzeX ensures that the merchant does not face any volatility risk or inconvenience of time dedication to self-carried liquidation of crypto for fiat.

In addition to the above factors, FuzeX resolves an interesting situational irony. While merchants want as many customers as possible, they do not want cryptocurrencies—but this market has a huge value. This is a difficult predicament that is resolved with the functionality of FuzeX; the seamlessness in the transaction fulfillment ensures the merchants are able to gain access to the underlying value of the cryptocurrency market without even knowing they tapped into a customer from this market.

This project has helped by adding transactional utility to cryptocurrencies.

FuzeX has created a win-win situation as merchants have been able to gain a new sales volume and the cryptocurrency community have access to a technology that allows them to continue to hold their cryptocurrencies while being able to make real-time conversions from cryptocurrency to fiat whenever necessary.