Fuse, a popular company dealing with crypto payments, has introduced its exclusive innovation called “virtual US bank accounts.” The respective feature leverages Bridge to permit consumers to get USD payments through conventional bank transactions, which are by default changed to USDC and go straight into the Fuse wallets. The platform disclosed this development in a new X post.
Fuse Offers Virtual US Bank Accounts to Increase $USDC’s Accessibility
The release of virtual US bank accounts by Fuse deals with an age-old challenge in the world of crypto payments. It makes $USDC more accessible without any complexities that the conventional on-ramp services pose. Formerly, consumers were required to navigate centralized exchanges, pay significant fees, and manage several platforms for the conversion of USD to USDC. However, this feature eliminates these issues.
Now users can open a virtual US bank account via Fuse. This enables straight USD transactions, seamlessly converting to $USDC just at a 0.1% fee. Hence, consumers can have a streamlined transaction procedure for services, payments, or rent, potentially leading to mass adoption. The chief benefits of this feature include direct conversion, user-friendliness, and cost-efficiency.
The Platform Also Plans to Unveil Fuse Card
According to Fuse, that platform is establishing a resilient financial ecosystem. In this respect, apart from the virtual bank accounts, it is also going to offer Fuse Cards in the United States. With this card, the users will be able to seamlessly spend Circle’s $USDC in the form of USD, adding to the existing features.
