Hassan Maishera
Web3 payments platform Fuse has announced its partnership with NexusPay, a leading stablecoin account solution provider. The two entities will work together to address the limitations of traditional financial systems, empowering communities and remote areas with tools for economic participation.
NexusPay was developed with the FuseBox Web SDK and ensures that digital assets and stablecoins are easily accessible and readily available to users globally.
Meanwhile, Fuse is a one-stop solution for Account Abstraction apps that simplifies and reduces transaction costs, offering users a seamless experience for saving, sending, and receiving funds.
The fusion of these two entities will create an alternative for many unbanked and underbanked users in Africa, ensuring they don’t have to use the restrictive and expensive traditional banking methods for cross-border transactions.
NexusPay integrates with the Fuse blockchain, democratizing the financial landscape in Africa by combining our robust web3 payment ecosystem and the app’s intuitive digital dollar accounts.
While commenting on this partnership, Abiola Adeyemi, Founder and CEO of NexusPay, said:
“Fuse is at the forefront of finance in blockchain and their robust platform is well-suited for innovative solutions. We are confident that partnering with Fuse is the right move to make financial services more accessible and efficient for users across Africa.”
According to the Fuse team, users will enjoy fast, low-cost, and borderless transactions, while seamlessly converting local fiat currencies into Digital Dollars. Thanks to this partnership, Fuse and NexusPay will work to enhance noncustodial finance, reduce costs and risks, and improve transaction volume and user experience.
Fuse explained that its technology brings in advanced contract logic to replace traditional whitelists for gas sponsorship. Thus, ensuring that users can enjoy enhanced security features like multi-signature options, recovery methods, and delegated execution.
Fuse also introduces new features such as social recovery, meta-transactions, and account abstraction, making it easier and more secure for users to manage accounts.
Users can batch transactions together, simplifying tasks like approving and swapping tokens. In addition to that, onboarding new users will be more straightforward, with the ability to create accounts on their behalf and use third-party services for key recovery.
The combination of Fuse’s expansive web3 payment platform and NexusPay’s cutting-edge stablecoin solutions will ensure users will enjoy fast, low-cost, and borderless transactions, along with the ability to convert local fiat currencies into Digital Dollars seamlessly.
