A prominent payments blockchain, Fuse has introduced Charge, the first Web3 merchant bank offering a comprehensive suite of payment solutions for both crypto and fiat. Charge aims to streamline business operations within the blockchain industry by facilitating payments, invoicing, and cross-border transactions.
Fuse Offers Affordable Transaction Fees
Charge stands out with its low transaction fee of only 0.5%. This significant cost reduction enables businesses to accept payments effortlessly and manage their invoicing needs efficiently. As a non-custodial Web3 merchant bank, Charge does not require a banking license, allowing clients to retain full ownership of their assets.
Fuse’s Charge targets small to medium businesses (SMBs), enabling them to transact using various cryptocurrencies and fiat currencies. By removing barriers to international commerce, Charge provides a user-friendly banking experience for clients navigating both Web3 and traditional finance.
The platform supports developers with full API integration, ensuring seamless incorporation into existing technology stacks. Fuse’s CEO Mark Smargon emphasized that advancements in Web3 infrastructure have made it possible to enjoy digital banking on-chain, providing neobank-level products and services through Charge. He said,
“Advances in Web3 infrastructure and tooling have made it possible to experience digital banking onchain, complete with neobank-tier products and services. Charge combines these innovations into a single platform that enables merchants to enjoy the benefits of non-custodial payments and invoicing, coupled with a fiat off-ramp for seamlessly moving assets to the traditional financial system.”
Security and Asset Control of Charge
Security remains a top priority for Charge clients. The platform’s robust security features empower businesses to oversee their assets. Despite the growing interest in digital currencies for cross-border payments and e-commerce, businesses have faced challenges such as high fees and security concerns.
Charge addresses these issues by offering a comprehensive, non-custodial solution that integrates seamlessly with traditional fiat systems while leveraging Web3’s flexibility. The Web3 payments market is projected to reach $3 billion by 2025 with a 40% CAGR, and over 60% of businesses are willing to accept cryptocurrencies if the process is secure and streamlined. Charge is poised to be pivotal in this growth, contributing significantly to the blockchain payment sector.
Charge is pioneering a new business model that utilizes crypto-economics to enhance merchant reputation while tackling usability, privacy, and trust issues hindering mainstream Web3 payments adoption. This innovative approach positions Charge as a crucial player in the evolving digital finance landscape.
