4 min readAug 21, 2018

Fuzex — a debit card for the exchange of crypto currency

Crypto-currencies have the potential to change the way people use and relate to money in general. There is a huge push around the world to limit cash). In a world where the use of cash is limited, crypto assets can not only appear as a viable method of payment, but they can also completely replace physical money one day. Thomas Frey, a senior futurist at the DaVinci Institute, quoted Time: “The Crypto currency is here to stay,” he also said: “The Crypto currency is going to shift about 25% of the national currencies by 2030. They are just much more efficient and working. “

Nevertheless, anyone who deals with crypto-currencies will tell you that although there are several advantages to using them, spending them is another story. The recognition of the crypto currency remains spotty. Even if they are allowed to be used in certain limited areas, there is usually a cumbersome process to use them as payment. In addition, today there are so many different assets that using one of your options can be almost impossible in every retail store. Now FuzeX has developed an ecosystem that will not only simplify the use of the criterion, but will also include traditional methods of payment, such as debit and credit. In addition, their offer will allow users to link their reward cards.

One card to manage them all

Most people who deal with crypto-currencies will use them simultaneously. FuzeX has developed a card that will allow using 15 crypto currencies and plans in the future to include 10 debit or credit cards, as well as 5 cards for reward. The card itself has an electronic paper display that displays crypto currency data, such as QR codes and exchange rates, which simplifies transactions. The system is supplemented with a mobile wallet application that can be used by both iPhone users and Android users. This application allows users to track their map if it is lost and display the last known location of the map. The wallet also facilitates the balance check, account history and exchange rate information. The FuzeX system will be equipped with FuzeX exchange, which will allow to carry out transactions between fiat money and crypto currency. Merchants will be able to receive money in major world currencies, such as the Euro, the US dollar, the Yen or the local currency, without dealing with the crypto currency.

Because the FuzeX lists are focused on compliance and safety
FuzeX pays special attention to safety and compliance with the contract. The card, for example, is protected by the EMV chip, and transactions can be carried out with PIN verification. In addition, the card is enriched with security features, such as two factor authentication and a key on the card.

When it comes to compliance, FuzeX also takes seriously that there is already an own lawyer who deals with legal issues. A Chief Compliance Officer was also appointed to monitor compliance with relevant issues. FuzeX is a law firm in Singapore, and it also employs law firms in other geographic regions that will serve issues of law and compliance.

It should be noted that FuzeX has already completed the successful sale of tokens, during which investors collected a hardcase of 40 000 ETH. The cost of each brand of 20000 ETH was also sold in private and pre-sales, respectively. The FXT tokens released by FuzeX are listed on major exchanges, such as HitBTC, Coss.io, livecoin.net and Cobinhood.

The FuzeX approach can change crypt payments
In the crypto-currency payment card and ecosystem space, FuzeX’s focus on compliance is important. Other efforts to launch such services did not end well. Take the example of TenX, which was foiled, as the partner of his Wavecrest card was dropped by Visa as a partner. In addition, there is a case with Centra, whose co-founders Sam Sharma and Robert Farkas were arrested for violations of the SEC complaint after the ICO collected 32 million US dollars. According to reports, Centra from Visa or Mastercard for issuing cards, according to the New York Times, received no approval. Even Monaco, the company that promises elegant metal cards, in fact has not yet issued any physical cards. One-element solution FuzeX is an elegant approach, which will simplify payments for users of crypto-currencies and increase the ability of users to spend their money at their discretion. In addition, the project focuses on security and compliance — a means of increasing trust in an era when solutions for payment of crypto currency could not get out of control.

Project Contacts:

Official website — https://fuzex.co/
White paper — https://fuzex.co/wp-content/uploads/2018/01/FuzeX_whitepaper.pdf
One paper — https://fuzex.co/wp-content/ uploads / 2018/01 / FuzeX_OnePager_Russian-1.pdf
Telegram — https://t.me/FuzeX
Twitter — https://twitter.com/fuzex_co
Facebook — https://www.facebook.com/fuzex.co

Author: https://bitcointalk.org/index.php?action=profile;u=1251879