FuzeX made an announcement that it signed a MOU (Memorandum of Understanding) with Bitcoin.com and that it has added BitcoinCash to FuzeX card.
BitcoinCash is a cryptocurrency that was derived from hard fork (complete update) process of Bitcoin. It has been issued since last August to increase capacity of blocks that was limited for Bitcoin.
FuzeX announced that it has ultimately decided to support BitcoinCash instead of BitcoinCore after considering transmission speed, commission, and others.
“We are happy to add BitcoinCash to FuzeX card as BitcoinCash has lower commission and faster transmission speed than Bitcoin.” said CEO Bae Jae-hoon of Brilliantts. “Through this partnership, we are going to introduce various projects that can raise utilization of cryptocurrency for actual transactions.”
FuzeX card, which is the world’s first cryptocurrency card that allows cryptocurrency holders to check their balances through actual cards, is expected to be launched during this third quarter and it can only be purchased through ‘FXT’ that is a token issued from FuzeX. FXT token can be purchased through HitBTC, COBINHOOD, Coss, and Livecoin.
Staff Reporter Ham, Jihyun | goham@etnews.com