Cryptocurrency like other types of currency share the same features that help define money be it divisibility, portability, scarcity, easy storage and so on. But when it comes to the usability which money feature possessed, cryptocurrency has always face a serious challenge. This usability problem related with cryptocurrency have heartened the need of many companies to tackle this challenge.
There is a project which will help bring cryptocurrency complete its journey as a widely recognized and accepted form of money. Meaning that they’ve come to solve the usability issue of cryptocurrency by putting together their experience in payment solutions and blockchain infrastructure with hardware development and technical experience in software.
What is FUZEX?
FUZEX is a magnetic strip and barcode enable smart e-card which is identical in size and thickness to a standard credit or debit card. It consists of a dynamic magnetic strip, three input/option buttons, an EMV chip, E-paper Display(EPD), which will enable users to embed up to 30 credit, debit or reward cards in one. And what can be more enticing than a rechargeable battery and a charging terminal which come with the FUZEX Card.
Aims of FUZEX
Breaking the “nice to own, but difficult to spend” problem with cryptocurrency and help bring its journey as a widely recognized and acceptable form of money is one of the sole aim of FUZEX. They aim to provide new access to an expanding, billion dollar, industry and then build its own centralized Fuzex Exchange and also allow users to spend cryptocurrency on their fuzex card as they would do on any regular credit card to the extent that except the feel of the card and eye-catching hi-tech look, dealers may not know the difference.
Offering a unique solution that streamlines adoption of cryptocurrency and increases the user base by building its own centralized exchange is what fuzex aim to achieve by partnering with existing exchanges and issuers.
Features of FUZEX
There is a Bluetooth connection between FUZEX card and FUZEX Wallet to ensure security. Concurrently users will have the supplementary option to securely lock the card when the Bluetooth connection is not connected.
There is an EMV (IC Chip) for every multi cryptocurrency payments to ensure free and fair transaction
There is a remote wipe technology to clear data from the FUZEX Card when there is an emergency need for it.
It comes with an excellent battery life between 45 to 60 days
Alongside the battery life which is already good enough, it comes with a sleek, slim and rechargeable portable battery bank to charge the battery when there is power failure
There is a E-Paper Display(EPD) to view balances across accounts, barcodes for reward card scans and QR codes for blockchain address to access the location
There is also a buttons to control the on/off, enter pin codes, make various selections and authorize Payment on the card
There is a fragmented private keys that are encrypted and stored between the Fuzex card and Fuzex Wallet which are only accessible by unlocking the Fuzex card and Fuzex Wallet via pin on the card or an account password.
Features of Fuzex Wallet
There is a two factor authentication which consist of PIN on Fuzex Card and password on Fuzex Wallet for the purposes of secure private key management
There is a provision to check account balances, transaction history and exchange rates
To ensure security, only registered devices can access the Fuzex Wallet.
There is an android and IOS application for smart phones
Conclusion:
FUZEX will help bring the journey of cryptocurrency as a widely recognized and acceptable form of money to completion so as to eradicate the challenges face with the usability characteristics which will make all forms of currency payment secure, reliable and user friendly.
For more information visit
Website
https://fuzex.co/
Whitepaper
https://fuzex.co/wp-content/uploads/2018/01/FuzeX_whitepaper.pdf
Telegram
https://t.me/FuzeX
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