Fun

News Feed - 2023-08-18 12:08:00

Elisha Owusu Akyaw17 hours agoFuse CEO Mark Smargon says blockchain payments apps will rival Visa, not EthereumMark Smargon, CEO of Fuse, explains how blockchain-powered payments can fix the “broken traditional payment system.”10703 Total views28 Total sharesListen to article 0:00PodcastJoin us on social networksEpisode 16 of Hashing It Out explores one of the most popular cryptocurrency use cases: payments. Mark Smargon, CEO of Fuse, joins host Elisha Owusu Akyaw to discuss various Web3 payment solutions and how Fuse contributes to businesses’ adoption of cryptocurrency payments. 


Smargon explained that the payment network’s strategy involves looking beyond investments to focus on everyday use cases like payments, which will likely bring more sustainable adoption. Despite the goal, Smargon recounted the difficulty in convincing people and investors that businesses would adopt blockchain payments when starting Fuse in 2019.


Smargon further explained that Fuse is not competing with Ethereum but with Visa and Stripe, and that it’s intended to be the main payment layer for global transactions. On whether the battle of adoption will be won by a few blockchain networks, Smargon mentioned that Fuse has never held a maximalist mindset:“We really believe that in the future, there is going to be many blockchains. There is not going to be one blockchain that will hold the entire human knowledge. We were never maximalists in that approach.”


Smargon believes that Web3 payments have come a long way in the last two years as things like nonfungible tokens and digital collectibles have become more popular. What’s more, the increase in freelancers from developing markets who are paid in cryptocurrency and the use of cryptocurrencies for cross-border payments have been among other catalysts spearheading Web3 payment adoption.


Related: Should we ban ransomware payments? It’s an attractive but dangerous idea


Owusu Akyaw asked about the impact of regulations on Web3 payments and adoption in the future. Smargon called it a rollercoaster ride, due to the unstable nature of regulations across the globe. He also added that blockchain technology may need to evolve by adding new features and taking away some existing features to fit regulations and create a better connection with traditional finance.


Listen to the latest episode of Hashing It Out with Fuse CEO Smargon on Spotify, Apple Podcasts, Google Podcasts or TuneIn. You can also explore Cointelegraph’s complete catalog of informative podcasts on the Cointelegraph Podcasts page.


This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.# Blockchain# Adoption# Podcast# Regulation# Hashing It OutAdd reactionAdd reactionRelated NewsHow to track and report crypto transactions for tax purposes2024 could be very bullish for crypto — Here’s whyHow to become a ‘Blockchain Radical,’ according to podcaster Joshua Dávila

News Feed

Meta Announces Layoffs Affecting 13% of Workforce; More Than 11,000 Employees to Be Fired Amidst ‘Cultural Shift’
Meta Announces Layoffs Affecting 13% of Workforce; More Than 11,000 Employees to Be Fired Amidst "Cultural Shift" Meta, the social network company, has announced that it will cut 1
Tron Shows Adoption Strength As Volume Still Led By Big Transfers – Details
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Antier Solutions’ Crypto Exchange Script Solutions Helping Businesses to Reduce Their Time-to-Market by 50%
Antier Solutions’ Crypto Exchange Script Solutions Helping Businesses to Reduce Their Time-to-Market by 50% press release PRESS RELEASE. Antier Solutions, a blo
Lido’s Liquid Staking Protocol Dominates with $9.3B in Locked Ethereum, Boosted by Tron Founder’s Deposits
Lido"s Liquid Staking Protocol Dominates with $9.3B in Locked Ethereum, Boosted by Tron Founder"s Deposits During the past 30 days, the total value locked (TVL) in Lido Finance
Jesse Coghlan3 hours agoCanadians have ‘weak incentives’ to use a CBDC: Bank of CanadaA central bank discussion paper found that the majority of Canadians have little trouble accessing financial services, which give
Gareth Jenkinson14 hours agoBitcoin miners hedging with recent sell-offs: Bitfinex reportAll-time high hash rates and mining difficulty indicate that miners are bullish on Bitcoin, while recent sell-offs could be a means
Digital Asset Firm Bakkt to Go Public After Completing Merger — BKKT Shares Set to Trade on NYSE Monday
Digital Asset Firm Bakkt to Go Public After Completing Merger — BKKT Shares Set to Trade on NYSE Monday The digital asset company Bakkt Holdings has completed a merger with a fir
CleanSpark acquires 5 mining facilities in Georgia
Vince Quill7 hours agoCleanSpark acquires 5 mining facilities in GeorgiaThe new facilities are expected to increase CleanSpark’s hashrate to over 20 exahashes per second by the end of June, spokespeople claimed.4142 To
Spanish Airline Vueling to Accept Cryptocurrency as Means of Payment
Spanish Airline Vueling to Accept Cryptocurrency as Means of Payment Vueling, a low-cost Spanish airline, has announced it is exploring the functionality of blockchain and NFT (non
Marcel Pechman4 hours ago3 reasons why Ether price is still pinned below $1,900PayPal’s stablecoin announcement and a handful of Ether ETF applications are bulls’ biggest hopes for a price trend reversal.1729 Total v
Bank of Italy to release crypto guidelines in ‘coming days’ — Governor
Jesse Coghlan3 hours agoBank of Italy to release crypto guidelines in ‘coming days’ — GovernorItaly’s central bank will soon share how the country should apply the EU’s MiCA crypto laws, with its governor slamm
Bitcoin miner reserves drop to lowest in 14 years
Yohan Yun13 minutes agoBitcoin miner reserves drop to lowest in 14 yearsMiners are holding the least Bitcoin on their balance sheets since February 2010, but the fiat value of their reserves is hovering around an all-tim