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XanPool has activated fiat-to-crypto on-ramps to Fuse Network for FUSE and FuseDollar for users in the supported countries in APAC.
Fuse’s vision is to facilitate genuine mass adoption of crypto payments and decentralized finance (DeFi). In order to make it a reality, it should be as smooth as possible for users worldwide to get onboarded to the Fuse ecosystem, especially if they are new to the cryptocurrency space.
Hence, we are thrilled to announce the integration with XanPool that will boost access to Fuse for people in the Asia-Pacific region that has for some time been at the forefront of mobile payment technology adoption.
A fiat on-ramp for Asia-Pacific
XanPool is a leading crypto-to-fiat on- and off-ramp and crypto payment provider focused on the Asia-Pacific region. It is integrated with some of the major players in the crypto space, including Binance, Bithumb and Torus. Instead of banks, in its operations, XanPool relies on an open network of liquidity peers who make their capital available for crypto-to-fiat transactions.
A key feature of XanPool’s approach to fiat-to-crypto onboarding is the reliance on popular local payment methods enabling instant, low-cost round-the-clock transfers, instead of expensive or time consuming ones like credit card payments and traditional wire transfers. For instance, in Indonesia, XanPool relies on Gopay, and in Thailand, on PromptPay.
Currently, XanPool’s services are available in the following countries and territories: Australia, Hong Kong, India, Indonesia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Thailand and Vietnam.
XanPool-powered functionalities can be easily plugged into third-party mobile wallets and other products via the XanPool widget allowing in-app deposits of supported crypto assets.
How Fuse Integrates XanPool
XanPool has activated fiat on-ramps for the Fuse-native FUSE token and the FuseDollar (fUSD) stablecoin. Users in the supported countries can already purchase FUSE and fUSD using the interface on the XanPool website. The purchased tokens will be delivered straight to their accounts on Fuse Network.
The XanPool widget will also be available for integration into mobile wallets developed on top of the Fuse wallet technology.
The Fuse team is excited by the collaboration with a leading fiat-to-crypto on-ramp provider, and we hope that it will prove to be a major catalyst for Fuse adoption in Asia — Pacific.
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