FuzeX (FXT) Review & Analysis – FuzeX ICO Review

FuzeX

Cryptocurrency Payments At Your Fingertips

ERC20 Token

The FuzeX Card & FuzeX Wallet offer an all in one payment solution that provides a smarter way to pay. Our project aim is to make paying with cryptocurrency, debit, credit and reward cards easier, faster and more convenient.

Combine your cryptocurrency, debit, credit and reward accounts into one simple and secure e-card solution

Real-time exchange rates mean that you can spend your cryptocurrency anytime, anywhere you like.
Cycle through your cryptocurrency, debit, credit, and reward accounts on the E-Paper display to select your method of payment.
Store up to 15 cryptocurrency accounts, 10 credit or debit cards and 5 reward cards all in one clever e-card.

“The FuzeX Ecosystem provides real-time exchange between crypto and fiat currencies. This means that you can now bridge the gap between your online wallet and the one in your pocket.”

Positives

FuzeX Allows Cryptocurrency Holders to Spend Their Funds at Any Regular Payment Terminal That Accepts Cards Such as Visa, Mastercard, American Express, Etc. Removing the Barrier Between Cryptocurrencies and Real World Spending Is Absolutely Essential for Promoting Widespread Adoption. People Need to Be Able to Spend Their Cryptocurrencies as Easily as They Spend Their National Currency.
FuzeX Does a Great Job of Explaining What the FuzeX Card Is Used For. Super Easy Research for Investors. Extensive Documentation Including a Full Whitepaper, One-pager and Some Demo Videos for Investors Who Are Time Poor. Great Graphics. Well Structured and Presented.
FuzeX’s Team Members Have All Been Pretty Successful in Their Previous Fields Going off of Their Linkedin Profiles. Fuzex’s CTO, Michael Park, Was Samsung Electronics’ Vice President, Iot/B2b Solution Team from 1996 to 2016. The CEO of FuzeX, Andrew Bae, Was the vice President and Co-founder of Crucialtec.Com for Nearly 11 Years.
We like the Idea of the FXT Token Eventually Being Used as a Way to Convert to Other Tokens Issued by Other Companies in the Blockchain Space. This Feature Is of Course a Long Term Goal and Is Completely Dependent on the Tokenization of Various Industries and Business Models. This Could Really Go Either Way but It’s Definitely a Unique Feature for FuzeX.
Fusex Really Stands out from the Competition Here with the Ability for People to Store up to 15 Cryptocurrency Accounts, 10 Credit or Debit Cards and 5 Reward Cards All on the FuzeX Card. Even If You Aren’t a Huge Cryptocurrency Fan or Only Hold a Handful of Coins, You Can Still Use the Card like Any Regular Debit Card. This Is Another Attractive Feature That Will Definitely Help with Adoption.

Concerns

FuzeX Doesn’t Feature a Roadmap on Their Website. The Roadmap Is Featured in the Whitepaper on Page 25. Investors Who Are Time Poor Will Either Use the Website or One-pager to Research FuzeX and Unfortunately the Roadmap Isn’t Featured on Either of Those Resources. Not a Concern for FuzeX but Something the Team Could Easily Fix to Better Serve Interested Parties.
The FXT Coin Has Some Great Use Cases Which Are Quite Similar to It’s Competitors. We Do Notice That Users Will Need to Pay an Annual Membership to Use the Fusex Cards and Transaction Limits Are Dependent on the Amount of FXT Tokens That Are Held by the User. Our General Concern with This Model Is the Membership Feature. Users Will Want Access to the Closest Thing to Current Visa/Mastercard Debit Card Solutions Which Do Not Charge Any Sort of Membership Fee.
Fintech Applications like This Are Often Plagued by Regulations, Approvals, Etc, Etc. We’ve Seen Older Projects like TenX and Monaco Struggle with Their Card Providers, Regulatory Boards and Other Financial Factors That Don’t Need to Be Explained. Its a Touchy Area Considering Cryptocurrency Threatens the Very Workings of Centralized Banks and Finance. It’s One Step at a Time in This Industry.