Fuse CEO Mark Smargon says blockchain payments apps will rival Visa, not Ethereum

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Episode 16 of Hashing It Out explores one of the vital standard cryptocurrency use instances: funds. Mark Smargon, CEO of Fuse, joins host Elisha Owusu Akyaw to debate varied Web3 fee options and the way Fuse contributes to companies’ adoption of cryptocurrency funds. 

Smargon defined that the fee community’s technique entails wanting past investments to concentrate on on a regular basis use instances like funds, which is able to probably deliver extra sustainable adoption. Regardless of the purpose, Smargon recounted the issue in convincing individuals and buyers that companies would undertake blockchain funds when beginning Fuse in 2019.

Smargon additional defined that Fuse will not be competing with Ethereum however with Visa and Stripe, and that it’s meant to be the primary fee layer for international transactions. On whether or not the battle of adoption will likely be received by just a few blockchain networks, Smargon talked about that Fuse has by no means held a maximalist mindset:

“We actually imagine that sooner or later, there’s going to be many blockchains. There may be not going to be one blockchain that can maintain your entire human information. We had been by no means maximalists in that method.”