At the beginning of the last decade and the emergence of the decentralized finance ecosystem, companies and communities needed a full stack development team and a large war chest of funds in order to develop, deploy and market a new cryptocurrency or platform.
Technology has developed at a rapid pace in the global crypto decentralized ecosystem, that is was only a matter of time before several platforms emerged that would reduce or remove the barriers to entry. By removing some of the fundamental development pain points and simplifying the process to enable non-technical people to build their own wallet and even mint their own custom branded cryptocurrency for just about any type of company or community. Companies that follow the mantra of other innovations in mainstream development such as "WordPress" which has turned into a global player in the web dev space, so too are innovators in decentralized payment networks for companies and communities forcing a paradigm shift for greater inclusion.
The billions of unbanked as well as the Coronavirus Pandemic are the catalyst that is driving some of the change as citizens of the world realize that paper money should not be the only option and attitudes are changing towards going fully digital. Other mainstream payment platforms are moving towards a more streamlined hygienic process, if the recent announcement by PayPal is anything to go by it is a sign that change is on the horizon. Of course, there will be a lot of regulatory roadblocks from the governments and push back from crypto purists that are perhaps salty that their precious crypto playground is being invaded by outsiders and non-coiners or newbs.
Where Fuse Network fits in the global ecosystem is right at the epicenter of change and that is an exciting place to be.
"Turning communities into thriving economies - Allowing companies and communities to enable secure and
friction-less mobile payments with ease."
In a nutshell, what Fuse Network has done is create an easy to use platform that allows anyone from a company or a community to create their own wallet and mint their own unique branded currency and Fuse will handle all the backend technicals with the added benefits of being able to reward the entities user base, with the easy integration of their sophisticated payment solutions with three easy steps.
- 1. With the Fuse Studio you can customize your own economy, where you set the rules, decide the look and integrate a wide array of different features.
- 2. Fuse supports any ERC-20 token on Ethereum. You can choose your favorite stablecoin like DAI or decide to mint your own.
- 3. Begin inviting your community to your newly built ecosystem by sending them a special invite link.
When completing a minting in the Fuse Studio, there is a minimal ethereum mainnet gas fee, depending on the time of day this could be anywhere between $30-$50 USD. And the Fuse has developed and released their own multi-currency wallet as well, which really adds even more value to the USP of the Fuse Network as a whole.
Here is a howto vid:
"All community members can download their own Fuse wallet, where they can store a wide array of different currencies and tokens both crypto and traditional fiat currencies. Allowing them to participate in this digital economy with ease."
There are already several robust and growing Fuse communities worldwide and fulfilling the needs of Unbanked in developing nations, with the use of a UBI or enabling easy exchange of crypto for goods, the use cases are infinite.
But the fun does not stop there, today saw the release of the Fuse native token $FUSE a public token liquidity release on the DEX mesa.eth
Learn everything you need to know:
Participation guide: https://bit.ly/2GJ9OgI
Release details: https://bit.ly/2F6RzSe
That's not all there is one more thing, $FUSE will be accessible through Kyber Swap and other platforms that are powered by their on-chain liquidity protocol. Planned Listing Date: Tue, 27 Oct, 9 pm SGT
So if this unbiased unsolicited article stirs your interest and you are looking to start a project for a community near you, then all the info is ready for you to consume: https://www.fuse.io