Fuse Introduces Virtual US Bank Accounts for Seamless Crypto Payments

Fuse Launches Virtual US Bank Accounts

Fuse has rolled out virtual US bank accounts, enabling users to receive USD via traditional bank transfers and automatically convert it to USDC within their Fuse wallets. Powered by Bridge, this on-ramp feature simplifies stablecoin management and represents a significant milestone for increasing crypto adoption.

The Missing Link in Crypto Payments

Historically, acquiring USDC required intermediaries, centralized exchanges, or lengthy multi-step processes. With Fuse’s new feature, users can now:

• Receive USD via direct bank transfers.
• Automatically convert USD into USDC in their Fuse wallets.
• Avoid hefty on-ramping fees and time-consuming bank-to-exchange transfers.

This streamlined approach eliminates pain points for both senders and recipients, making stablecoin usage as simple as sending a bank transfer.

How It Works

The process unfolds seamlessly within the Fuse app:

• Virtual Account Creation: Users undergo a quick KYC procedure to set up a virtual US bank account.
• Auto-Conversion: USD payments sent to this account are converted to USDC and deposited into the user’s Fuse wallet.
• Low Fee Structure: A modest 0.1% fee applies to each conversion, making it both cost-effective and efficient.

A Complete Financial Ecosystem

Paired with the upcoming Fuse Card, these virtual US bank accounts form part of a cohesive financial system:

• Receiving: USD → USDC via direct bank transfers.
• Earning: Earn yield on USDC holdings through Fuse Earn.
• Spending: Convert USDC to USD and spend seamlessly using the Fuse Card.

This ecosystem merges the convenience of traditional banking with the flexibility and self-custody benefits of Web3, exemplifying a genuine bridge between legacy finance and decentralized technology.

Conclusion

By unveiling virtual US bank accounts, Fuse tackles one of crypto’s most significant adoption hurdles—on-ramping to stablecoins. With a straightforward, low-cost, and streamlined process, Fuse is redefining what a decentralized financial platform can provide.

Experience Fuse for yourself: download the app, create your virtual US bank account, and explore the next generation of simplified crypto payments.