Business 25 July 2018Erik Gibbs
FuzeX adds BCH, drops BTC
BrilliantTS, the company behind the global cryptocurrency payment card project FuzeX, did what any successful business has done. It reviewed its business model and the market, and decided to make some changes. It has now partnered with Bitcoin.com and will add Bitcoin Cash (BCH) to the Fuze card. At the same time, it is dropping support for BTC.
In a statement, BrilliantTS explained, “Considering the issues of transaction speed and fee, we decided that Bitcoin Core did not fit the philosophy of FuzeX. So we decided to drop BTC and replace it with Bitcoin Cash, which has a much faster transaction speed and a cheaper transaction fee.”
Bitcoin BCH has gained significant ground as the go-to cryptocurrency across a number of applications due to its low fees, reliability and fast blockchain. It’s not too surprising that BrilliantTS would make the jump to BCH since it is rapidly proving itself to be the only cryptocurrency dedicated to making itself useful as currency.
Bitcoin.com CEO Roger Ver said of the FuzeX deal, “We are happy that this partnership will help Bitcoin Cash lovers all around the world use BCH as an everyday currency. Bitcoin Core, which is more expensive, slower and less reliable is thus unusable in the FuzeX payment system. It will be dropped and replaced by BCH as the base currency on the platform. Furthermore, we are going to cooperate with FuzeX in an effort to continue coming up with win-win situations for all users.”
BrilliantTS is a manufacturer of smart equipment such as multi cards and Internet of Things (IoT) instruments. The FuzeX card is capable of supporting multiple card types—debit, credit, rewards—and other payment information and is ISO and FCC-certified.
Jaehun Bae, BrilliantTS CEO and FuzeX project leader, explained, “We are happy to announce the partnership. With the help of Bitcoin.com, we will be able to provide a useful and pragmatic payment service. We are going to work with Bitcoin.com to bring about interesting projects that can help cryptocurrencies be used in the real world.”
The FuzeX card is the first of its kind, offering a physical card for making cryptocurrency-based purchases. The card will be offered starting in the third quarter of this year and can be purchased via Coss.io, HitBTC, corbinhood or livecoin.net.
If you’re interested in helping the growth of merchant adoption of Bitcoin BCH, join the bComm Association, an industry group that intends to be the focal point for miners, merchants, exchanges, developers and members of the BCH community. Developers and merchants of the Bitcoin BCH community will also be on hand for the first CoinGeek Week Conference happening in London in November.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.
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