Do you like to carry around you wallet full of cards? Debit, credit, prepaid or even membership and bonus card, all of this sometime a hustle in our daily life. Well this card will change your life. No more missing card, no more thick wallet and less fuzz.
FUZEX is a project that focused on making 1 card multi usage. Mastercard, VISA, American Express, IKEA Family Card? No problem. FUZEX team come up with an idea to make this happen. This Fuzex Card can even do cryptocurrency transaction! 30 types of card in 1 card to be clear.
Cryptocurrency today was like a mainstream nowadays. People realize the important usage of it. But without Fuzex, u have to do exchange first, pair with ethereum or bitcoin and after that to FIAT which is USD, EURO, POUND etc. Starting in 2008, Bitcoin now become the Father of all cryptocurrency and lots of new alt coin begins to 'born' to follow the footstep as it is a huge success. And noticed that it will be more mainstream, FUZEX project stand up from the crowd AND DO this idea.
FUZEX project consist of 3 important part which is Fuzex Card, Fuzex Wallet and Fuzex Coin.
Fuzex Card
This card is unique not only on how it is multi usage, but also have a chip inside for detection. In case your card get lost or stolen. How cool is that? There are many layer of security implemented so your money or value inside did not go to false hand.
Feature:
- It can store up to 30 debit, credit, prepaid even your bonus member card data inside.
- It got E-Paper Display to show balance, types of card, barcode for membercard and even QR code for blockchain adress.
- It has NFC for debit/credit transaction.
- IC chip for multi cryptocurrency payment.
- Have bluetooth. This add more security layer as the bluetooth function is to pair with FuzeX Wallet. Now you have cold storage for crypto data! This pair ensure you are the right owner of both item. If the card got lost, it become useless.
- Remote wipe to clear data in FuzeX Card. Another security measure for your tranquility.
- Two Factor Authentication (2FA).
Wow! That's quite a lot of security for just 1 card right? This show FuzeX project prioritize your account safety as well. All in one card must seems pretty scary but rest assure, your account safety is their top priority. Forgot to mention, this card is battery powered and rechargeable. Can power up to 45–60 days per full charge.
FUZEX WALLET
What does your wallet do? It store, spend, receive and transfer token.
Feature
You can check account balance, transaction history and exchange rate. Real time exchange rate will be shown on the wallet.
Can add and manage cryptocurrency plus receive, send and exchange cryptocurrency.
Security measure. Means you have to active this wallet together with your FuzeX card (bluetooth). As i said, act like your cold storage.
Can track your FuzeX Card(if bluetooth disconnected).Connected by bluetooth, it will give notification on your wallet if it detected your card is gradually further.
Direct report. You can report directly to FuzeX team and your card will immediately become useless.
Only registered device can access the wallet. You can also use this wallet on iOS and Android devices.
Two Factor Authentication (2FA). This means your wallet provide password and your card provide PIN for more safety.
5 minutes breaks!
Before i continue explaining about FuzeX Token, let me bring you example of use case can be applied here.
USE CASE
MALAYSIA-In the middle of 2017 when paywave was implemented here, there is a rumor about Visa Paywave can easily be used by thief. And that's when the Anti Radio Frequency Identification (RFID) wallet been hyped about. Even though there is a limit for that cashless transaction around 250 Ringgit Malaysia (RM) in Malaysia roughly around 60 dollar, it still a lost in your bank account. And besides, they can obtain your card detail by purchasing any credit terminal online and tap it with your card. To be clear, not all your bank detail per-se can be steal. It can only show your card number, expired date and transaction. The only data left is your 3 digit CVV/CVC to make online purchased happen. (I doubt that because now we got 2-FA that request your code). But anything can be acquired now in this modern technology. So, this a PLUS for having a FuzeX Card as they can only be useful if both wallet and card are sync with bluetooth together and both side required PIN and code for transaction.
Actually this touch and go kind of thing already being implemented in Australia since 2009. And many of the people voiced out to disagree on the PIN-less system. You can read more details here . March 2017, just in Victoria alone, it being said that there are 1000 more offence happen regarding this system. The thief from car case had an increase of 50 % from 2012 and the police believe the thief was searching for debit/credit cards. So what are we waiting for? Let's grab the FuzeX Card for better security.
Have a good 5 minutes? Great! Now i would like to bring you on FXT Token usage.
Fuzex Token
So, we have a wallet and a card and you know their benefits. How about the token itself? What benefit will it brings?
At this initial launch, there will be a charge for using this card service. But there will be less annual fees charge for FXT Token holder. +1 for the holder.
By having FXT Token, you can purchased your FuzeX Card.
For all card around the globe, it is necessary to have transaction limit. Fo those who acquired more FXT Token, they can increase their transaction limit based on how many FXT Token they have.
It can be use as multipurpose coin with the partnered service coin in FuzeX Exchange. Imagine you can use FXT Token for medical, travel, shipping, bonus, real estate, hotel, bank and more! And when it comes to partner, i believe there will be more promotion or price discount because that is what mutual benefit is. This can be done as today there are plenty token being launched in cryptocurrency. And they will be a partnership given this FuzeX ecosystem is one of a kind.
Fuzex Exchange
FuzeX Exchange is the vital part in this cryptocurrency era-to-be. This is to make any cryptocurrency to be spend in real life. Some of the merchant in Australia do accept Bitcoin as a method of payment. This also can make your token to be change to FIAT for daily transaction. This can be done by simple step.
The user choose the cryptocurrency they want to use and change to FIAT as they desired based on the current rate exchange.
Then this FuzeX card will work with EMV POS Terminal standard. By doing this, unnecessary overhead can be eliminated for each cryptocurrency company to established contract with separate vendor. Think FuzeX.
Feature:
It hold and reserve many cryptocurrency to do real time exchange to FIAT.
Selected cryptocurrency will be acknowledge when use hold related button to confirm the choice of the FuzeX Card.
Got 3 multi signature security key (user key, exchange key and isolated key). In case the user lost their user key, they still able to access upon verification by combining exchange key and isolated key. By this 2 key, user also can transfer balance from old to new account.
It also integrated with the Issuer or Legacy Payment Network like VISA and Mastercard to verify the payment transaction and make sure to have enough balance of cryptocurrency to do so in FIAT to be released to the Issuer.
It can also be used to sell excess cryptocurrency accumulated to other partner exchange.
There is zero fees for exchanges of cryptocurrency within the exchange.
FACT
Did you know FuzeX team able to reached their hardcap in February this year? This means the project here is a huge success. And based on their roadmap, they are in good progress.
For the transaction:
The user will select which cryptocurrency they want to use for purchase using build in button on the card.
Then it can view the real time cryptocurrency exchange rate to FIAT.
The card will then be used to insert or swipe on the merchant terminal.
The merchant will later receives authorization for payment, then the transaction is complete. As simple as that.
The user will then receive purchase summary on his FuzeX Wallet.
DEMO
Below are short Demo video to show how FuzeX Card can be use. Just to show you a clear picture on how its going to be used.
Is this the first card to do this? Nope but this is the card that going to be massive next year with its many functionality and usage. Like i said, up to 30 card in 1 FuzeX Card. You can compare with other by the table below. Rest assured , FuzeX beat all of them easily.
FuzeX in a FLASH
After a long read till here, i would like to say thank you for your precious time. I hope you agree with me that this card will be huge in this coming year as the progress is just around the corner.
The Backbone of FuzeX
Give them around of applause and full support because pursuing this project to make it become reality. Cryptocurrency into real world. From blockchain expert to technical expert, all of them is as important as each other to make this project works.
Fuzex Team
Fuzex Advisor
PARTNERSHIP
Well done to finish the reading. Welcoming cryptocurrency to a real world. User, are you ready? Hello FuzeX!
For more info regarding this project, you can click the link down below. Hope that help! Kindly give claps if you think this article help you understand about this project. Thank you.
Whitepaper:- https://fuzex.co/wp-content/uploads/2018/01/FuzeX_whitepaper.pdf
Websites:- https://fuzex.co/
Telegram:- https://t.me/FuzeX