Blockchain technologists and ICO entrepreneurs are steadfast in their efforts to transform the way we move and store money. FuzeX is redefining credit, debit and rewards cards, making them much smarter than the average dip-it chip cards for point-of-sale purchases. The FuzeX Card technology may actually do to credit cards what smartphones did to flip phones, transforming the ubiquitous plastic in your wallet into a mobile payment processor.
FuzeX applies universality and combines it with mobility while bridging the gap between cryptocurrencies and fiat currencies. It’s a smart e-card with the functionality of a credit card, a debit card and a digital wallet with a real-time cryptocurrency balance display. Users will be able to combine up to 15 cryptocurrency accounts, 10 credit or debit cards and 5 rewards cards, storing all of them on a single FuzeX.
Lack of tangibility has prompted a slew of comments denigrating Bitcoin, fueling the perception that cryptocurrencies are not real and have no intrinsic value because they “live in computers”. The adoption race is about debunking the myths and crossing the divide. It’s about obliterating the notion of a parallel economy and positioning cryptocurrencies for full integration, here and now.
As the mainstream conducts business as usual, and as crypto enthusiasts look to Bitcoin and altcoins to pay the bills, blockchain developers are finding seamless entry points, smoothing the transition from a full-fledged money revolution to a quick and easy approach to paying bills and buying groceries.
The average leather, cloth or Velcro wallet today holds credit cards, debit cards, rewards cards, IDs and some fiat. While Ledger and Trezor offer secure digital-wallet storage solutions for the crypto community, they live in a segregated space without interoperability or “real world” play.
Cryptocurrencies have to find solutions that will place them inside regular wallets tucked into pockets, backpacks and purses, allowing bits and bytes to touch fiber and to move the technology toward mass adoption.
The developers at FuzeX are striving to make it happen by turning coins that are inoperable outside of centralized and decentralized exchanges, into valuable money. The goal is to place them in the palm of a hand at any Starbucks and Subway, and everywhere money is used for goods and services. Only question is – do we really need FuzeX or any smart e-cards when we already have smartphones that can offer the same functionality?
Since FuzeX enters the market in its ICO phase amidst fears of heavy regulations worldwide, widespread crypto crackdowns in China and South Korea, floundering support for Bitcoin’s viability as a currency, and security issues plaguing exchanges following the recent $500-million heist at the Japan-based Coincheck, developers will have to not only offer a solid value proposition but also demonstrate robust measures and bulletproof protocols to thwart hackers and provide security protection. If they can meet the bar, they will have a product with a low learning curve and huge upside, as it solves the problem of the thick and overbearing wallet with a ton of semi-functional plastic.