The invention of the Blockchain technology paved the way for secure, transparent and decentralized financial transactions to be possible and also with the Ethereum blockchain which makes use of the "smart contract" network, multiple businesses are now building an ecosystem on the blockchain network, due to it being fast and safer when executing transactions.
The cryptocurrencies associated with the blockchain which are Bitcoins, Ethereum and multiple tokens that are under the Ethereum blockchain are also useful when paying for goods/services online since they tend to have the full characteristics that real money possess.
However, the problem that these cryptocurrencies share together is the stress and inconvenience not exchanging/converting s particular cryptocurrency to fiat money and spend it on your choice commodity. The process involved in purchasing, transferring and converting cryptocurrencies to major Fiat currencies are slow, complex and unstable. This problem still limits the wide adoption of the blockchain and it's cryptocurrency services because it tends to fail when it comes to it being used as real money, thereby making cryptocurrency a "nice to own but difficult to spend" sort of currency.
It is to this problem that an ideal solution was designed for, designed by professionals who knows how the blockchain, cryptocurrency and fiat money works. This solution is known as the FuzeX Ecosystem, this ecosystem will forever change how cryptocurrency is handled.
Aims of FuzeX
- With this innovative platform, all types of fiat, rewards(e.g loyalty program) and cryptocurrencies payment will be reliable, secure and user/merchant friendly.
- It also aims to eliminate the "nice to own but difficult to spend" issue plaguing cryptocurrencies and make it achieve it's full journey of it being widely adopted as a form of money.
Team FuzeX will achieve the above mentioned aims by merging their experiences in payment solutions and blockchain with it's own special technical know-how in both soft and hard ware development.
The FuzeX ecosystem comprises of the FuzeX Card, FuzeX Wallet and FuzeX Exchange.
The FuzeX Card:This is a smart e-card that resembles the usual debit and credit card we are used to, but then this card comes with more advanced cutting edge technologies. Most people have different type of cards for its special purpose, but with the FuzeX Card, one doesn't have to bear the burden of carrying lots of cards around as the FuzeX Card accommodates up to 30 credit, debit or reward card all in one more like a multi purpose card.
its component
Users of the FuzeX Card can be able to make purchases of any kind without having to use their smartphones because once they connect the card to their various accounts (debit, cryptocurrency, credit or reward) to the FuzeX Ecosystem through their FuzeX wallet app, they can use it for any transaction/purchase. The FuzeX Card can also be used to as a hard wallet for storing ones private key by pairing it with it their FuzeX wallet and the private keys can only be accessed by firstly unlocking the FuzeX Card via a pin on the card and secondly, by FuzeX wallet via an account password, this implementation will help reduce the risk of losing funds to malicious cyber attacks (hacking).
The FuzeX Wallet:This wallet gives it's user the advantage to store, spend, transfer and receive tokens. Different types of cryptocurrencies can be registered and easily managed on the wallet and it also has a feature that correctly displays all available cryptocurrency amount and their respective fiat currency value with real time exchange rate so that in order for users to exchange a particular cryptocurrency to fiat money, it will be very easy and less time consuming. An authenticated user can also check account balances, transaction history and current exchange rates.The FuzeX Exchange:This is the foundation, back-end platform that will make the global adoption of cryptocurrency become a reality with an aim of allowing it's users into spend cryptocurrency on their FuzeX card as a normal credit card would and for merchants to accept the fiat currencies as they always do.
This feat will be achieved by activating that particular cryptocurrency selected by the FuzeX card holder to be released in the actual fiat currency to issues, based on the current market exchange rate.
THE FXT TOKEN
This is the internal cryptocurrency of the FuzeX Ecosystem, the FXT token will be used to purchase FuzeX cards and to pay for yearly membership fee. Holders of the FXT token can be able to access a variety of services through the FuzeX Ecosystem and the token can be exchanged for zero charge when exchanging it for other partner tokenized services in the platform.
The widespread use of FXT token will boost the FuzeX Ecosystem and the token will be more liquid to it's holders.
TEAM
RELATED LINKS;
Website: https://fuzex.co
Whitepaper: https://fuzex.co/#d92bfc4ac2083dc7f
Telegram: https://t.me/FuzeX
Medium: https://medium.com/fuzex
WRITER'S INFO
Name: thaddaeus
Bitcointalk username: beneze
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2190968;sa=summary
You have a minor grammatical mistake in the following sentence:
It should be its own instead of it's own.