Fuse is taking a bold step into the future of blockchain payments with the introduction of Charge, the first non-custodial merchant bank designed for Web3 businesses. Charge offers a wide range of payment solutions for both crypto and fiat, streamlining operations for businesses in the blockchain space.
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With transaction fees as low as 0.5%, Charge is built to simplify payments, invoicing, and cross-border transactions. As the first non-custodial Web3 bank, it ensures businesses retain full control over their assets at all times.
A Game-Changer for SMBs
Charge is designed to support small and medium-sized businesses (SMBs), particularly those in crypto and e-commerce. It removes barriers to international commerce by enabling clients to transact in multiple cryptocurrencies and fiat currencies without the need for a banking license. Charge’s flexibility allows for seamless integration into existing tech stacks, offering full API support to make adoption easy.
Fuse CEO Mark Smargon highlighted the significance of this innovation:
“With Charge, we’re bringing digital banking onchain with the same level of sophistication as traditional neobanks. This platform provides non-custodial payments and invoicing, along with fiat off-ramping to help businesses move between the Web3 and traditional financial systems effortlessly.”
Mark Smargon, CEO of Fuse
Addressing Key Web3 Challenges
While digital currencies are increasingly used for cross-border payments, high fees, security concerns, and complexity have held back widespread adoption. Charge tackles these issues head-on with its comprehensive solution, designed to seamlessly integrate Web3 payment systems with the fiat world.
The Web3 payments sector is projected to reach a market size of $3 billion by 2025, growing at a CAGR of 40%. With over 60% of businesses expressing interest in accepting crypto payments, Charge is perfectly positioned to drive this growth. Its innovative use of crypto-economics around merchant reputation and focus on usability and trust will be key to solving the hurdles Web3 payments have faced.
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About Fuse
Fuse is a layer 2 blockchain platform offering fast, affordable, and borderless payments through stablecoins and DeFi solutions. By providing businesses with the tools to integrate blockchain technology into their mobile and e-commerce operations, Fuse is at the forefront of enabling global blockchain adoption. Learn more: Fuse.io