FuzeX, a platform aimed at making cryptocurrency payments easier for the general public, has released its bi-weekly update in which it has elaborated various developments that were made during the past two weeks.
From all the major happenings that were associated with the platform, the update starts off with the description of the Ask Me Anything (AMA) session that was held on October 1st by the Chief Executive Officer of FuzeX, Andrew Bae. Major questions from the AMA session are highlighted in the update.
The update reveals that the FuzeX team is currently working with various issuers to get BIN. The post made by the company updates the users regarding the FuzeX card launch. As soon as BIN is approved, the platform is looking forward to conducting Product Acceptance Test (PAT) and User Acceptance Test (UAT) prior to the FuzeX card launch.
FuzeX currently has no plans to incinerate the FXT tokens. The company states that it has been reviewing different models regarding the liquidity of the FXT and the community members will be updated in the future if any changes are made.
The update also describes FuzeX’s plans for different upcoming events. FuzeX is sponsoring the Money2020 conference in Las Vegas, USA, that will be held from October 21-24. The conference is essentially a meetup of fintech innovators from around the world and this year, more than two thousand companies from over a hundred countries are intending to participate in the conference. Other main sponsors of this conference include Google, AMEX, Visa, Mastercard, and DASH.
Asiff Hirji, who is the President of Coinbase, is also expected to be present at the conference alongside Chris Larsen, Chairman and Co-Founder of Ripple, Craig Vosburg, President of MasterCard, and Patrick Gauthier, Vice President of Amazon Pay. FuzeX is looking to expand its network reach and range through this conference.
The last major update described by FuzeX is its Electromagnetic Wave Test Certifications (CE) completion. The certification was completed by the platform in Korea (KC) on October 1st, 2018. It is a 2FA authentication requirement done for the purpose of security. The commercialization of the FuzeX card can only be done after the reception of the certification. After Korea, the platform also discusses its aims of expansion to different countries. The platform is aiming to receive CE in Singapore and Europe, and FCC in the United States.
The complete bi-weekly update can be found here.