With the beginning of mankind, exchanging goods and services was of the essence in order to satisfy human day to day activities. Different kinds of currencies were introduced to standardized those exchanges and we have been using physical currencies and basically, our whole lives are oriented with earning and spending of those currencies; in a single word, money. we all know that we can touch and feel the entity called money, and in the day to day lives we physically exchange money with goods and services of our desire in order to be satisfied and happy. But our lives are more complex and we are constantly looking for ways to make ourselves more comfortable continuously, the conventional concept of physical money seems bit outdated now. In this digital era, why don't we convert this concept of money, and currencies into a virtual entity? I know many of you have thought about it at least once.
To some genius, just thinking wasn’t enough, he actually created a virtual currency around 18 August 2008, currently known as almighty ‘Bitcoin’. It’s our basic human nature to be reluctant to change, so this weird concept, the virtual currency type Bitcoin wasn’t rapidly acknowledging by general population at the beginning. But with time, people who are strong enough to embrace changes slowly started to attract into this fascinating concept of Bitcoin. And there the revolution commences brewing around the virtual currency concept. The price of Bitcoin suddenly started to rocket into the moon, more and more people paid their attention to this virtual currency concept, and there so many cryptocurrencies started to emerge by 2010 following Bitcoin. Now we are in 2018, many people in the world know about and own at least some amount of cryptocurrencies. Experts have predicted at the beginning of 2018 that cryptocurrencies will be able to overtake our traditional currency model one day.
So that’s it, Crypto Currency has gone mainstream.
The sudden surge of Bitcoin. Around the time of 2017, end so many people were made aware of cryptocurrencies and now the crypto literacy is considered so high.
So as I described above, the utilization of cryptocurrencies in the modern world is essential, no doubt about that. But how do we do that? Crypto was supposed to be the ultimate alternative for our physical, traditional fiat currencies. But lack of sophisticated means to utilize our crypto assets in real-world scenarios was a huge let-down. Everybody wants cryptocurrencies in their portfolio, but nobody actually knows how to spend them other than exchanging them with fiat currencies or other cryptocurrencies.
This is where this new project FuzeX comes to play. FuzeX provides the most tangible solution possible to the situation to the dilemma of “What to do with cryptocurrencies other than holding?”.
The newly initiated crypto project FuzeX is basically developed around its ‘Crypto Debit Card’. Instead of your physical money deposited in your bank accounts, FuzeX can store your cryptocurrency assets in its wallet and operate as a normal debit card, which can dissolve those crypto assets when you are buying goods and services in the common marketplace.
Features of FuzeX
• FuzeX is not some project put up as an ICO just to rob people of their money. The team behind the project is absolute experts and their expertise proves itself from this great idea.
• FuzeX Card was developed as an extension for already successful Fuze card, which can manage more than 30 credit, debit or reward cards inside it. In addition to the features of Fuze card, FuzeX is integrated with the cryptocurrency handling ability.
• FuzeX card will be integrated with the FuzeX Wallet. FuzeX wallet is featuring as a mobile app and you can manage all your crypto assets (Receiving, Storing, Spending) different types of tokens,
• All the transactions done by FuzeX card is conducted through the FuzeX Exchange. The crypto payments will be valued by real-time market rates and the merchant will be paid by fiat currencies. They won’t even know you are paying them using your crypto reserves.
• Only competitors even worth mentioning are TenX, Centra and TokenCard but none of them comes as a Smart electronic card as FuzeX and none of them supports both fiat and cryptocurrencies simultaneously. And there are so many advantages to mention in the FuzeX card, there was a comparison.
Operation of FuzeX
- Check your FuzeX card and choose the desired cryptocurrencies to make the payment
- Hand the card over to the merchant
- Merchant will do the same thing he would do with any other debit/ credit card and insert the card into the machine and enter the payment
- The request will be sent to the issuer merchant addressed to
- The issuer then checks your assets through the FuzeX exchange and authorize the transaction if your assets were enough to make the payment
Pretty easy and totally normal!
FuzeX Tokens
For the FuzeX project, FXT tokens will work as the utility medium. You should purchase FXT in order to,
• Buy the FuzeX card
• Pay annual membership fees
• Increase your transaction limit from the initial amount
The FuzeX team is still building their empire. Once it is finished, FXT holders will be able to exchange them with a variety of tokens in the FuzeX exchange, and approach to a variety of services. Some of those services will be, Medicine, Travelling, Shipping, Banking, Hotel and etc.
FuzeX Roadmap
The practicality of the FuzeX Card
You can watch a bunch of videos from YouTube about people using FuzeX in the real life. I thought is include the links to some of the most informative ones.
• Introduction about FuzeX -
• I think most of you know Lewis from Unbox Therapy. A while ago, he did a review about the Fuze card, demonstrating all the things he can do with it. The way he presents things is very cool. Plus, FuzeX is just like Fuze, but with the additional feature of supporting cryptocurrencies, so I think everyone should watch the video -
• Practical demonstration on how to use FuzeX at McDonalds -
How to Get in touch
- Website - https://fuzex.co/
- Twitter - https://twitter.com/FuzeX_co
- Telegram - https://t.me/FuzeX
- Reddit - https://www.reddit.com/r/fuzex/
- Whitepaper (EN) - https://fuzex.co/wp-content/uploads/2018/01/FuzeX_whitepaper.pdf
I saw you have mentioned that this card will be integrated with it's own wallet. Will I be able to find more information about the security of that wallet from their website?
No need to worry about the security. Security of your assets will be guaranteed with the FuzeX wallet. You can fineout more from their whitepaper. The link is at the end of the article.
thanks for this valuble article
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wow.. it is a wonderful project and this is an informative article
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