The Fuzex stands as one of the prominent cryptocurrency payment methods at the customer fingertips that creates their vision to make the all forms of currency payments securely, reliably and user or merchant friendly. Due to the advancement of blockchain technology together with some innovative financial solutions, today, cryptocurrencies are nearly being recognized as “money” above all. Generally, Bitcoin or Ethereum, which are being known as cryptocurrencies depicts some features towards the definition of money such as scarcity, durability, portability, divisibility that is eventually dealt with easy storage, fungible, usability, authenticity verification and difficult counterfeiting. However, analyzing the fact of usability characteristic of “money”, the technology cryptocurrencies encounter a severe challenge.
The Fuzex card which can be introduced as a smart e-card enables merchants or users to embed maximum up to 30 credit, debit, or reward cards once. E-paper display, barcodes for rewards payments, remote wipe technology to erase data and battery life up to 60 days are some characteristics of the Fuzex card Anyhow, the Fuzex Card links with Fuzex Wallet towards functioning as hard wallet storage for personal keys. Hence, Fuzex wallet could be recognized as the centre for FuzeX Card to manage the accounts allowing users and merchants to spend, store receive, and then transfer tokens accordingly.
Consequently, Fuzex exchange allows user friends to spend cryptocurrencies for their FuzeX Card as they will do any regular credit card for Merchants to receive fiat currencies including, Euro, Yen, USD and any local currencies like they usually do. Thus, Fuzex Cards offer the unique solution which formalizes the cryptocurrency adoption in line with increases their user foundation. Together with this development, Fuzex will gradually construct their unique Centralized Fuzex Exchange system. To keep the balance of reserve cryptocurrency orderly with fiat currency funds in Fuzex Exchange, they are ready to offer any excess cryptocurrencies that receive from users towards market through some exchange partnerships while maintaining proper reserve funds for transactions purposes.
Furthermore, setting up the Fuzex system and transaction flow ,creating an account by downloading the Fuzex application enables user to transfer particular amount of cryptocurrency from external wallet to Fuzex Wallet and the transaction flow begins when the user purchases it by selecting his or her specific choice of cryptocurrency from FuzeX Card by using built-in buttons on Fuzex card. The matter of fact is that the user should approve transactions in FuzeX Card when cumulative balance surpasses $300 USD ( can be adjustable later) to finalize cryptocurrency payment from his or her r account to FuzeX Exchange.
In terms of the FXT token utility, they want Fuzex cardholders to be available their cryptocurrency around the clock and around the world to make cryptocurrencies more user-friendly as much as they can in day to day life as a mode of conventional fiat currency.T herefore, in short-term utility by Using FXT Tokens, the token holders can manage to deal with Fuzex card purchasing, annual membership fees, and transaction limits. That is why the short-term utility of FXT tokens creates and builds full FuzeX Ecosystem as a key part of the payment platform. In long-term utility, FXT Tokens pay more importance to service platform ecosystem, being a mode between tokens and a bridge by integrating their partnerships. This will eventually lead to partner advantages such as providing payment facilities and strategic price for cobranded Fuzex car and FXT token holder advantages such as accessing the variety of services and avoiding competitive price structures as FXT Token value would be able to access more partners to join Fuzex Ecosystem. For that, fund management plans, token allocations, token sales events and product comparison from time to time will be apt solutions.
To sum up, The Fuzex is consisted with above forty employees as a team effort of skilled engineers, blockchain specialists, programmers, experienced marketing professionals and business professionals to make the future technologies happen a reality today. One of their great accomplishments is that reaching to 0.01% of global crowdfunding via Indiegogo network, raising $2.2 million USD in 2017.