Payment solutions developer FuzeX has signed a memorandum of understanding (MoU) with cryptocurrency provider Dash to introduce a cryptocurrency card for payments.
Set to launch over the coming months, the FuzeX cardholders will be able to use Dash digital currency to carry out everyday transactions.
FuzeX cryptocurrency card will also enable direct checking of balance on the actual card. However, the card can be purchased only with the FXT utility token issued by FuzeX.
The FXT tokens are available on HitBTC, Cobinhood, Coss and Livecoin exchanges.
FuzeX CEO Jae-Hun Bae said: “Our goal is to grow our FuzeX ecosystem by adding various kinds of cryptocurrency, especially those with the most consistent usability as a currency.
“By partnering with Dash, we are pleased to offer benefits to the users of the FuzeX card and ecosystem.”
Dash Core Group global head of business development Bradley Zastrow said: “To grow the ecosystem, at its most basic levels, people not only need a way to acquire and store their Dash but also spend it in a frictionless way with a familiar experience: Like point-of-sale purchases with a physical credit card.
“This partnership allows for an easy and exciting new way for people to spend their Dash.”
Dash is said to have achieved significant growth in value and trading volume since 2015. The cryptocurreny can be spent instantly at online merchants globally.