TaaS Partners with FuzeX, Linking Cryptocurrencies and Traditional Assets Through a Single Payment Solution
December 23, 2017 – Kyiv, Ukraine – Token-as-a-Service (TaaS), the first-ever tokenized closed-end fund dedicated to blockchain assets, announced today their advisory partnership with FuzeX, a financial technology company disrupting the payment solutions industry with an innovative e-card. The partnership reflects the high level of confidence placed by the TaaS team in the potential offered by the payment solution pioneered by FuzeX. Through the revolutionary FuzeX system, cryptoassets, credit cards, debit cards, and rewards cards are integrated into a single smart e-card.
Andrew Bae, CEO of FuzeX noted, “FuzeX is excited to announce our new partnership with TaaS. We value TaaS for its breadth of experience and depth of insight in the blockchain. TaaS’ extensive network and knowledge of the crypto industry will be an invaluable contribution to FuzeX development.”
The FuzeX team has a proven track record, having designed, manufactured, and shipped 30,000+ Fuze Cards — the smart e-card that enables users to embed up to 30 credit, debit, or reward cards into a single card. FuzeX is now integrating cryptoasset payments in addition to traditional fiat payment solutions (credit/debit/rewards).
In conjunction with the FuzeX Wallet app, the FuzeX Card offers a two-factor authentication payment solution (PIN on Card and password on Wallet) that allows users to transfer or pay with their cryptoasset accounts, credit, debit, and/or reward cards, conveniently and securely. As a part of the FuzeX Ecosystem, the FuzeX Exchange (or a third-party partner exchange) will accept various cryptoassets and pay issuers (who will then pay merchants) in local fiat currencies. Unlike other prepaid cryptoasset card solutions, the FuzeX Card offers real-time cryptoasset to fiat exchange rates. This means that by using the FuzeX Card, customers can spend their cryptoassets anytime, anywhere.
The TaaS – FuzeX partnership announcement comes shortly after the successful launch of FuzeX’s Private Sale, in which they received 4,000 ETH from their first contributor and 3,000 ETH from their second contributor. The Private Sale runs until the end of December 2017. FuzeX’s Pre-Sale commences on the 15th of January, 2018 00:00 GMT, and concludes one month later on the 15th of February, 2018 Midnight GMT.
Ruslan Gavrilyuk, co-founder and President of TaaS said, “We are incredibly excited to partner with this new and promising platform. FuzeX’s ability to integrate cryptoassets and fiat currencies has the potential to create a new payment solution, linking blockchain assets and traditional financing, and driving much-needed interoperability.”
About FuzeX Card:
FuzeX is a secure, convenient electronic card with an EMV Chip. It holds up to 30 credit, debit, or gift cards, and can store up to 15 cryptocurrency accounts, 10 credit or debit cards, and 5 reward cards all in one e-card.
Real-time exchange rates allow users to spend cryptocurrency anytime, anywhere. Two-factor authentication, loss prevention, and an on-card keycode offer users the peace of mind to spend securely. FuzeX’s simple mobile wallet app allows users to cycle through cryptocurrency, debit, credit, and reward accounts on an E-Paper display to select their preferred method of payment. The FuzeX card even has Bluetooth location services, so users may be able to find a lost card. As part of the indiegogo.com Team Favorites collection, the FuzeX campaign raised more than $2.3M USD on July 13, 2017, far surpassing its funding goal by 4310%. The FuzeX Pre-Sale begins on January 15, 2018. For more information, please visit: https://www.fuzex.co