The Fuse Network has launched Fuse 2.0, a new payment network aimed at overcoming the challenges faced by cryptocurrencies in achieving widespread adoption. The new platform is designed to offer a simple, fast, and secure blockchain-powered user experience for businesses that may not be familiar with cryptocurrency technology. Fuse CEO Mark Smargon believes that the platform's focus on competing with dominant payment providers such as Visa, Mastercard, and Stripe will help drive mass adoption of digital payments and cryptocurrencies.
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Fuse 2.0 provides all the necessary infrastructure and tools for businesses to explore Web3 payments, including the introduction of Operators and Power Validators to scale the network. Transactions are processed and fees are paid by Operators, not end users, creating a business layer that can drive the widespread adoption of crypto through regular payments. Power Validators provide the services Operators need to build functioning Web3 apps.
The Fuse network is divided into three layers: merchants, Operators, and validators. Merchants build Web3 applications for end users using the Fuse tech stack and Charge platform, offering a familiar experience to users of traditional finance apps. Bitazza is already showcasing the potential of the Fuse tech stack with its Freedom Wallet, a mobile wallet running on the Fuse Network and used by small to medium-sized businesses in Southeast Asia.
Fuse will be showcasing its new branding, website, and mission at ETH TLV, taking place from February 1 to 9, 2023. The company will also be releasing a White Paper, 2.0 Roadmap, and technical documentation for the developer community. Fuse's ultimate goal is to become the most business-friendly blockchain ecosystem for the mainstream adoption of Web3 payments and decentralized finance.
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