TaaS announced today their advisory partnership with FuzeX, a financial technology company disrupting the payment solutions industry with an innovative e-card. The partnership reflects the high level of confidence placed by the TaaS team in the potential offered by the payment solution pioneered by FuzeX. Through the revolutionary FuzeX system, cryptoassets, credit cards, debit cards, and rewards cards are integrated into a single smart e-card.
Andrew Bae, CEO of FuzeX noted, “FuzeX is excited to announce our new partnership with TaaS. We value TaaS for its breadth of experience and depth of insight in the blockchain. TaaS’ extensive network and knowledge of the crypto industry will be an invaluable contribution to FuzeX development.”
The FuzeX team has a proven track record, having designed, manufactured, and shipped 30,000+ Fuze Cards — the smart e-card that enables users to embed up to 30 credit, debit, or reward cards into a single card. FuzeX is now integrating cryptoasset payments in addition to traditional fiat payment solutions (credit/debit/rewards).
In conjunction with the FuzeX Wallet app, the FuzeX Card offers a two-factor authentication payment solution (PIN on Card and password on Wallet) that allows users to transfer or pay with their cryptoasset accounts, credit, debit, and/or reward cards, conveniently and securely. As a part of the FuzeX Ecosystem, the FuzeX Exchange (or a third-party partner exchange) will accept various cryptoassets and pay issuers (who will then pay merchants) in local fiat currencies. Unlike other prepaid cryptoasset card solutions, the FuzeX Card offers real-time cryptoasset to fiat exchange rates. This means that by using the FuzeX Card, customers can spend their cryptoassets anytime, anywhere.
The TaaS – FuzeX partnership announcement comes shortly after the successful launch of FuzeX’s Private Sale, in which they received 4,000 ETH from their first contributor and 3,000 ETH from their second contributor. The Private Sale runs until the end of December 2017. FuzeX’s Pre-Salecommences on the 15th of January, 2018 00:00 GMT, and concludes one month later on the 15th of February, 2018 Midnight GMT.
Ruslan Gavrilyuk, co-founder and President of TaaS said, “We are incredibly excited to partner with this new and promising platform. FuzeX’s ability to integrate cryptoassets and fiat currencies has the potential to create a new payment solution, linking blockchain assets and traditional financing, and driving much-needed interoperability.”