Fuse has announced a new partnership with NexusPay. a leading stablecoin account solution. This partnership aims to simplify crypto payments by making it easier for unbanked users in Africa to save, convert, send, and receive funds.
Key highlights:
Meant for unbanked and underbanked populations in Africa.
The partnership will lower transaction costs and reduce friction for users.
It will offer seamless conversion between local currencies and Digital Dollars.
Fuse is a blockchain platform designed for small to medium businesses and communities. It's focused on high performance and low transaction costs and uses DeFi features to make smart payment technology accessible to everyone.
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NexusPay is an innovative stablecoin account solution that simplifies access to digital assets and stablecoins. It provides a seamless experience for users to manage their funds.
🤝 Excited to partner with @nexus_pay, the premier stablecoin account solution. Enjoy seamless, low-cost transactions and convert local currencies into Digital Dollars with FuseBox Web SDK. A big step for financial inclusion in Africa! 🌍https://t.co/IjberecWAn
— Fuse Network (@Fuse_network) June 25, 2024
Partnership for financial inclusion in Africa
The partnership aims to address the limitations of traditional financial systems for unbanked and underbanked users in Africa. The partnership will ease access to financial services in Africa with fast, low-cost, and borderless transactions, and offers a feasible alternative to expensive traditional banking and other financial services.
NexusPay is built with the FuseBox Web SDK, a powerful tool that facilitates seamless integration of web3 payment systems. The FuseBox Web SDK is a one-stop solution for Account Abstraction apps. It simplifies contract-level operations and reduces friction and gas fees, making transactions smoother and more efficient.
NexusPay and Fuse will work together to reduce costs and risks while at the same time improving transaction volume and user experience. By providing users with the ability to convert local fiat currencies into Digital Dollars, the collaboration aims to make financial services more accessible and efficient.
The partnership focuses on Africa, where traditional banking methods are often too restrictive and expensive. It offers an alternative that implements blockchain technology to provide financial freedom to a broader population.
"Fuse is at the forefront of finance in blockchain and their robust platform is well-suited for innovative solutions. We are confident that partnering with Fuse is the right move to make financial services more accessible and efficient for users across Africa.."—Abiola Adeyemi, Founder and CEO of NexusPay
Conclusion
The Fuse and NexusPay partnership will help provide seamless and efficient financial services to unbanked and underbanked users in Africa. Users will be able to convert local fiat currencies into Digital Dollars with little to no fees and friction and transact between them. The financial freedom if truly just a mere click away.