Cryptocurrencies have the potential to change the way people view and use the money. There is a massive push across the world for limiting cash, with Australia becoming the latest country to join the war on cash. In a world where cash use would be limited, cryptocurrencies not only have the potential to emerge as a viable means of payment but may also one day completely replace physical money. Thomas Frey, a senior futurist at the DaVinci Institute was quoted by Time as saying, “Cryptocurrency is very much here to stay”, he also said, “Cryptocurrencies are going to displace roughly 25% of national currencies by 2030. They’re just much more efficient, the way they run.”
However, anyone who has dealt with cryptocurrencies will tell you that while there are several benefits to holding cryptocurrencies, spending them is altogether another story. The acceptance of cryptocurrencies remains spotty. Even if they are allowed to be used in certain limited areas, there is usually a cumbersome process in order to utilize them as payment. Furthermore, there are so many cryptocurrencies in existence today that using one of your choices may be nigh impossible at every retail outlet. Now, FuzeX has devised an ecosystem that would not only make it easier to use cryptocurrencies but will also incorporate traditional payment methods like debit and credit as well. Furthermore, their offering will allow users to link their rewards cards as well.
One card to rule them all
Most people who deal with cryptocurrencies will hold a number of them at the same time. FuzeX has devised a card that will allow the use of 15 cryptocurrencies and plan to encompass 10 debit or credit cards as well as 5 reward cards in the future. The card itself has an e-paper display that shows cryptocurrency information such as QR codes and exchange rates, thereby making transactions simpler. The system is completed by a mobile wallet app, which can be used by both iPhone and Android users. This app allows users to track their card in case it is lost and will display the last known location of the…