Fuse Labs launches blockchain payments with Fuse Charge

By Leandra Monteiro

Web3 payment company Fuse Labs announced the release of a brand new blockchain payment API platform Fuse Charge that aims to bring cryptocurrencies to the regular global economy.

Fuse Charge is a blockchain as a service platform that enables businesses and professional developers to easily incorporate payments driven by the fast and affordable Ethereum Virtual Machine (EVM) compatible Fuse Network blockchain into their products, even without previous blockchain development experience.

Blockchain-driven payments have the potential to solve major flaws in the existing global payment system, including high transaction fees, redundancy, geographical fragmentation, frequent lack of interoperability between platforms, chargebacks, hidden interest and more. Blockchain technology can achieve this thanks to its fast transfer definition, open access and peer-to-peer architecture.

Fuse Charge consists of a set of Fuse smart contracts and backend infrastructure tools that are exposed to developers via user-friendly APIs. At launch, Fuse Charge beta testers will be presented with three APIs: Admin API for launching tokens and blockchain accounts, Wallet API for creating mobile wallet applications and Trade API to include decentralized exchange trading for tokens.

Since early 2020, elements of the Fuse Charge platform have previously been used by several companies, organizations and communities to launch blockchain-driven applications on top of the Fuse Studio and Fuse Whitelabel wallet platforms. The most prominent of these include Fuse Cash, Peepl, Bitazza and Comunitaria.