New Episode of Hashing It Out with Fuse CEO
In the latest episode of Hashing It Out, Mark Smargon, CEO of Fuse, delves into the world of Web3 payment solutions and how Fuse is facilitating the adoption of cryptocurrency payments in businesses.
Finding Sustainability in Everyday Use
Smargon emphasizes the importance of focusing on everyday use cases like payments to ensure sustainable adoption of cryptocurrencies. While starting Fuse in 2019, he faced the challenge of convincing people and investors of the potential for businesses to adopt blockchain payments.
Not Competing with Ethereum, but with Visa and Stripe
Fuse's vision goes beyond competing with Ethereum. Smargon envisions Fuse as the primary payment layer for global transactions, aiming to rival traditional financial giants like Visa and Stripe.
Embracing a Multichain Future
Unlike some blockchain networks, Fuse does not hold a maximalist mindset. Smargon believes that the future will consist of multiple blockchains rather than a single all-encompassing one.
Web3 Payments Gaining Momentum
Smargon highlights the progress made in Web3 payments over the past two years, citing the rising popularity of nonfungible tokens (NFTs) and digital collectibles as catalysts for adoption. Additionally, the increase in freelancers from developing markets being paid in cryptocurrency and the use of digital currencies for cross-border transactions are further driving the growth of Web3 payments.
Regulations: A Rollercoaster Ride
Smargon acknowledges that regulations pose challenges for Web3 payments and adoption. As regulations vary across the globe, he emphasizes the need for blockchain technology to adapt, adding or removing features to comply with regulations and bridge the gap with traditional finance.
Listen to the latest episode of Hashing It Out featuring Mark Smargon, CEO of Fuse, on Spotify, Apple Podcasts, Google Podcasts, or TuneIn. Explore Cointelegraph's comprehensive collection of informative podcasts on the Cointelegraph Podcasts page.
Note: This article is for general information purposes only and should not be taken as legal or investment advice. The views expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.
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