EXPREAD (expread.io) and payment solutions provider FuzeX (fuzex.co) announced their partnership May 11, 2018. According to the announcement, the projects aim to leverage experience and technology behind both teams in order to offer their communities the best-suited trading and payment solutions.
Speaking about the partnership, EXPREAD CEO Leo Liu stated:
We are very excited about our partnership with FuzeX, a project that we see to have great potential to develop new payment solution that successfully combines cryptocurrency, debit, credit and reward accounts into one e-card. Crypto industry can benefit from having a linking point of Blockchain assets with traditional financing, therefore we see our partnership as an important step forward on a mission to allow users of EXPREAD powered Crypto Exchanges to enjoy the greater interoperability and a simple and smart solution to hold and trade their assets.
Tamar Menteshashvili, Co-Founder at EXPREAD further explained:
In the future, the number and scope of assets that become tokenized will exceed what we see in the current financial markets by orders of magnitude. With growing demands and numbers of users, EXPREAD endeavors to power a ‘globally accessible financial network’. After learning about FuzeX product and meeting the team, we could see that our visions of blockchain adoption and role of crypto infrastructure is very much aligned. Our cooperation will allow both teams to offer our communities and clients the innovative solutions in the nearest future leveraging the experience and technology behind both projects.
Daniel Kim, Chief Business Officer at FuzeX also elaborated on the partnership plans and expectations:
FuzeX offers an end payment service to people who would like to make purchases at merchants from cryptocurrency assets in their hosted wallet balance. So exchange is taking a key role in our payment platform. Therefore, we are very excited to be working with the Expread team. Our partnership with Expread will accelerate the next step in creating a cryptocurrency payment ecosystem for the FuzeX card.
For those not familiar with the projects, EXPREAD is developing an infrastructural solution for operating crypto exchanges with shared liquidity pool, while FuzeX is building a payment solution for all forms of currency (fiat, rewards, and cryptocurrencies). The latter raised a total of 40000 ETH during their pre-sale and private sale rounds successfully reaching the hard cap this year in February.
What do you think of EXPREAD’s model of multiple crypto exchanges sharing a common liquidity pool? What will FuzeX bring to the table? Let us know in the comments below.
Images courtesy of AdobeStock, EXPREAD, FuzeX