Fuse Charge, the official blockchain payment API platform launched by Web3 payments pioneer startup Fuse.
Fuse Labs, an Israeli-listed digital assets company, announced a $5m investment by Tectona. This will be used for the development and expansion of Fuse Charge. Fuse Charge SaaS allows developers to quickly create applications that can process large scale payments.
The Fuse Charge officially went public in July. The Ethereum Virtual Machine (EVM), a blockchain service platform, allows engineers to start in the blockchain industry and also enterprises to use it.EVM) compatible Fuse Network blockchain.
Fuse stated that Fuse Charge would solve the problem of high transaction costs in the current system, the need to middlemen and the inconsistency between jumping between platforms due different regions.
Fuse Charge is a combination of transfer finality and open access. It also uses peer-to-peer architecture to enable blockchain-powered payments.
Beta testers will be able to access the Admin API to set up token and blockchain accounts, as well as the Wallet API to develop mobile wallet apps and the Trade API that allows you merge tokens to trade on decentralized exchanges.
According to Deloitte’s Big Four audit firm Deloitte survey, 87 percent believe crypto payments will help them stay at the top of their industry due to the competitive advantage it offers.
Binance cryptocurrency exchange, the world’s largest crypto exchange platform by trading volume announced a partnership with Brazilian payments platform Latam Gateway to restore deposits in Brazilian reals in the region several days ago.
Fintech giant Paypal Holdings has also updated its crypto wallet capabilities. Now, users can send supported digital assets from the app to other wallets.