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Author Topic: [ANN] FuzeX - The ultimate smart card solution for cryptocurrency payments  (Read 6968 times)
FuzeX_AG
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June 19, 2018, 11:34:34 AM
Last edit: October 24, 2018, 08:36:11 AM by FuzeX_AG
 #1






FuzeX Vision
The FuzeX Team strives to make cryptocurrency payment secure,
reliable and User/Merchant friendly.
We will be the real game changer of the crypto world with the real-time
crypto-debit payment system and smart card.




Now Trading on


The Future of Payment
Combine your cryptocurrency accounts into one simple and secure e-card solution



1)Anytime, anywhere
Pay anytime, anywhere using existing payment networks



[Payment process]

FuzeX ecosystem provides real-time exchange between crypto and fiat currencies. This means that
you can now bridge the gap between your online wallet and the one in your pocket


Step 1: Choose your desired cryptocurrency on your FuzeX Card.
Then view your account balance and real-time conversion rate in fiat (conventional) currency

Step 2 : Hand over your FuzeX Card to the Merchant. The Merchant then inserts your FuzeX Card as
normal and the POS terminal sends a request to the relevant Issuer.

Step 3 : The Issuer instantly checks your account for sufficient fiat funds via the FuzeX Exchange.
If there are sufficient funds, the payment is authorized. If not, then the payment is declined.

Step 4 : The Merchant receives payment authorization and the payment is complete.
You then receive a courtesy purchase summary via your FuzeX Wallet

[VIEW DEMO]






2)Safe & Secure
Be safe online and offline with EMV secured payments,
enhanced wallet and on-card security features


[Smart card]
You can use the card payment feature by powering on & off with simple button click.

[Passcode lock]
No one can access your card.
Set up 6 digits of passcode using built-in button.
The card itself will be locked automatically if the passcode has been consecutively entered wrong more than 5 times.
Get your crypto protected from lost or stolen.

[Lost alert]
You can keep track of the current location of FuzeX card with FuzeX wallet app.
If your FuzeX card is out of the Bluetooth range, you will receive a notification alert.

[2FA for cryptocurrency transfer]
Use FuzeX card for crypto transfer as 2FA device.

[VIEW DEMO]








FXT Utility
A key part of our project and payment platform is developing our own FuzeX Exchange,
but this will take a little time. Having our own exchange is essential to adopting other cryptocurrencies for use with the
FuzeX Card, and maximising and expanding the utility of the FXT Token for our token holders.


Once we build our FuzeX ecosystem, by integrating our partners, who are co-branding and working
with us (to use their tokens with our FuzeX Card to make payments), our payment platform will then
evolve to become a service platform.


Our FXT Tokens will then take on a more important role within our service platform ecosystem, as a
medium between tokens and a bridge between services offered by these tokens.


Once these tokens are listed on our FuzeX Exchange, we can convert FXT Tokens to our partner
tokens. This means that all FXT Token holders will be able to use and access partner services with
their FXT Tokens. For example, partners in our FuzeX Exchange who provide tokenised services such
as travel, accommodation, medical, legal, coupons etc. can have their tokens exchanged by us using
FXT Tokens.





Partner Advantages

From a partner perspective as we purchase their tokens the actual utility model of their tokens does
not change, and the benefits are as follows:


●   Firstly, we provide payment capabilities for their tokens through our
FuzeX Card and FuzeX Exchange.
●   Secondly, partners can access and offer their tokenised services to a huge pool of
FuzeX Card holders, FuzeX Exchange users and FXT Token holders.
●   Thirdly, we will provide a strategic price for their cobranded FuzeX Card if they are inside
our ecosystem.



FXT Token Holder Advantages

From a FXT Token holder perspective, they can access a variety of services through our FuzeX
Ecosystem using their FXT Tokens. This will save time and also fees, as our FXT Tokens can be
exchanged fee-free inside our FuzeX Exchange for other partner tokenised services.



Moreover, by using our service platform, users can benefit from a more competitive pricing structure
and special deals specifically targeted to FXT Token holders.



As our FXT Token value increases and more partners join our FuzeX Ecosystem, the benefits of
pricing and deals will also increase too, as the exchange rate of our FXT Token strengthens.



Advisors





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June 19, 2018, 12:59:32 PM
 #2

a bunch of tokens promising cards. but there is no working project yet!
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June 19, 2018, 01:22:52 PM
 #3

Charlie Shrem is advisor for FuzeX ??
https://twitter.com/CharlieShrem
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June 19, 2018, 01:28:58 PM
 #4

wow a long term project with a concept and is very beneficial for investors and platform holders. provides secure and reliable cryptocurrency payment solutions using smart cards. it takes effort and hard work to make this project work because there are some projects of this kind. but I believe this project has a good and clear prospect to attract investors. good luck as expected.

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June 19, 2018, 05:09:29 PM
 #5

The project looks great, I wish good luck to your team! I will closely monitor your development.

TWINS Coin will power win.win, a truly decentralized, peer-to-peer exchange platform, allowing direct transactions between end-user wallets.
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FuzeX_AG
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June 20, 2018, 12:47:45 AM
Last edit: June 21, 2018, 10:22:32 AM by FuzeX_AG
 #6

Charlie Shrem is advisor for FuzeX ??
https://twitter.com/CharlieShrem



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June 20, 2018, 12:50:33 AM
 #7

nice project im keeping an eye on this one
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June 20, 2018, 09:17:59 AM
 #8

It is never late to do right things as this official thread finally has been started. I hope team will have reasonable presence here to communicate with holders and those recently heard about project and future potential investors as well. It is other thing when community finds team presence among them permanently.
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June 20, 2018, 10:10:21 AM
 #9

The card for cashing out the crypto currency is unquestionably progress, but it all needs infrastructure. What and where ATMs will be installed, what and where payment systems will be used?


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June 21, 2018, 08:20:03 AM
 #10

FuzeX team made impressive come back with these presentations which took place during last weeks. I like they released Q&A session in very good way on social media to give access to everyone to keep them updated with the latest. This card is state of the art functionalities containing which assures it big success in future once things are connected and functional.
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FuzeX(FXT)


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June 21, 2018, 09:26:55 AM
 #11

The card for cashing out the crypto currency is unquestionably progress, but it all needs infrastructure. What and where ATMs will be installed, what and where payment systems will be used?

Via use of the existing legacy payment infrastructure, customer and merchant will never know the difference and have no impact on existing infrastructure while making payment.

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FuzeX(FXT)


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June 21, 2018, 10:22:01 AM
 #12


Recently Mr.Bae(CEO of FuzeX) had an interview with MaegyungTV,
the most popular economy media channel in Korea.

 The interview was successful and they praised the potential of the FuzeX project in the future.




FuzeX_AG
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June 22, 2018, 05:23:53 AM
 #13

FuzeX team made impressive come back with these presentations which took place during last weeks. I like they released Q&A session in very good way on social media to give access to everyone to keep them updated with the latest. This card is state of the art functionalities containing which assures it big success in future once things are connected and functional.
The idea to link cryptocurrency with real money has repeatedly sounded, but not in a similar form. The idea is quite viable and practical. Most of us in the near future hardly will refuse Visa or Mastercatd. FuzeX gives the opportunity to simplify transactions with cryptocurrencies easing the transition.
It is never late to do right things as this official thread finally has been started. I hope team will have reasonable presence here to communicate with holders and those recently heard about project and future potential investors as well. It is other thing when community finds team presence among them permanently.
nice project im keeping an eye on this one

Thank you all for supporting FuzeX project! We'll diligently working on this project to make general use of cryptocurrency in real world.
Your support and interests are great help to us! Smiley

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June 25, 2018, 05:12:13 AM
Last edit: June 25, 2018, 07:21:32 AM by FuzeX_AG
 #14



Tokens are generally classified into two different categories: Utility Tokens & Security Tokens.

The definition of what is considered a security differs in varying degrees by each respective jurisdiction.
For this reason, we believe it was important to receive a legal opinion whether the FuzeX Token ("FXT") is considered a security in each relevant jurisdiction.
We have made contact with various reputable law firms both in US and Singapore, where they concluded that FXT is very unlikely to be found as a security.

We believe the opinion that FXT is not considered a security is very important for several reasons:

1. There is a wide concern from token owners whether the possession and trading of tokens would constitute as a SEC or applicable security violation.
If the token in question is not a security, it will fall outside of the regulations of SEC or applicable security laws.
Since we received opinions from various law firms that FXT is not a security, this opinion alleviates many concerns for our FXT users.

2. To be in compliance with the law and regulations,
many exchanges as a general matter require the token in question to undergo legal analysis whether the token is considered a security in the relevant jurisdiction.
If there is a high likelihood that the token will constitute as a security, most exchanges will be very guarded against the listing of that token.
Therefore, the opinion that FXT is not a security opened many doors for the possibility of FXT to be listed on exchanges in the future.

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June 27, 2018, 06:50:17 AM
 #15

I like to see such videos and what was pleasant and expected thing is subtitling in English for international users. It is of few minutes but worth to read to understand how things have been viewed and watched. This interview surly will help FuzeX to have more support within Korea as well. This is good for marketing as project was needed such interview.
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June 27, 2018, 07:06:22 AM
 #16

what is your exchange as your partner for your card payments system. what country will be listed for the real project. thank you

FuzeX_AG
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June 28, 2018, 04:55:11 AM
 #17

I like to see such videos and what was pleasant and expected thing is subtitling in English for international users. It is of few minutes but worth to read to understand how things have been viewed and watched. This interview surly will help FuzeX to have more support within Korea as well. This is good for marketing as project was needed such interview.

Thank you for such a kind comment for the project and concept video. We will release more marketing material to publicize the FuzeX project. Appreciate your interests!

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June 28, 2018, 04:58:53 AM
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what is your exchange as your partner for your card payments system. what country will be listed for the real project. thank you

We are now listed on HitBTC, Cobinhood and Coss. We will keep updating our partner exchange as the time goes on. Beta test will be conducted in Singapore and launch the product around the world after.

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June 28, 2018, 05:13:06 AM
Last edit: June 28, 2018, 11:33:59 AM by FuzeX_AG
 #19


FuzeX team at Blockchain Open Forum!





Daniel Kim, CSO of FuzeX is joining Future of Payments: Extending the world of payments to Blockchain Session as a panel.
You can see the various contents and visions related to the FuzeX project.
 If you are interested in participating in the event, please kindly pay attention to it.

Blockchain Open Forum
Date: June, 28-29. 2018

Future of Payments: Extending the world of payments to Blockchain

<Panelist>
Seo Sang Jae / PayX Foundation
Bobby Bao / Monaco
Daniel Kim / FuzeX
Lockholm Sten / Adara
Chang Geun Lee /  Keypair
Jake Goh / Rate3

Moderator: Jason Jang / GBF



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June 29, 2018, 10:07:13 AM
Last edit: July 02, 2018, 01:24:00 AM by FuzeX_AG
 #20



Daniel(CSO of FuzeX) joined as a panel at Future of Payment discussion on 28, June 2018 at Blockchain Open Forum.
The session was held under Jason Jang, GBF KR director and Bobby Bao(co-founder of Monaco), Seo Sang Jae(founder of PayX), Lockholm Sten(Adara),
Chang Geun Lee(Keypair), and Jake Goh(Rate3) have shared insights into the future of crypto payment.

The main contents are as follows.



Moderator
Do you believe the public users will be able to use the blockchain/crypto payment?

FuzeX
It may or may not be. Currently cryptocurrency payment market is at an early stage due to its’ uncertainty and price volatility.
Merchants need to accept cryptocurrency as a stable asset like fiat currency but it’s not.
For example, one of the franchise brands in Japan accepted Bitcoin as one of the payment and they have lost a hundred million dollars because of price volatility.
This shows the reason why merchants or stores are not accepting cryptocurrency directly and difficulties of adopting crypto payment into the real world.
Therefore we still need the medium body to exchange crypto to fiat and let merchant settle with fiat, which FuzeX team will do.
In transition period, that role is necessary and taking a significant part of this field.
FuzeX seems to provide just cryptocurrency transaction, but in fact, it is a payment solution for merchant to settle with fiat.

 
Moderator
The biggest hurdle for cryptocurrency payment and for using blockchain platform. How can each overcome the fees?

FuzeX
In fact, the fee is not the biggest hurdle. Limitation of acceptance is.
There are a lot of missions to overcome. First, current merchants need to buy additional POS which is difficult.
Secondly, it is hard to contract each merchant due to an instability of price.
So increasing the acceptance of crypto is the most important role for stability.

 
Moderator
If it is possible to integrate each project’s system on top of the current system or if each must builds a new infrastructure.

FuzeX
We believe that it is important to keep the legacy payment infrastructure that people have now for wider use case and convenience for users.
We used card format because we thought it needs to focus on a more intuitive and comfortable UI.
Other projects like Monaco and PayX build payment system on a mobile platform.
Therefore, it is important to give the user same user experience as the payment systems currently used.
We also provide more convenience by adding an e-paper display on the card so that users can check the real-time exchange rate on the card display.


Moderator
We’ve all agreed on the usability of cryptocurrency is at an early stage. The main mission is to increase the acceptance and hedging for the uncertainty of cryptocurrency.
We can bring the brighter future in the crypto payment by doing your role in your position in the field.




We were able to notice their great interest in the discussion at the site as the number of people who are eager to use cryptocurrency in real life has been increased.
The visitors who joined the forum had their seats to concentrate on the session.

There are already plenty of projects that have tried to solve the problem of usability in crypto but none of those have adduced the exact solution so far.


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