Fuse network enables entrepreneurs and businesses around the world to turn their communities into thriving economies. In this article, we explore some of the potential use-cases for the Fuse network. Better yet all the examples given are not just conceptual ideas but actual projects that have built micro-economies using Fuse. Our hope is to provide inspiration for you to launch your own!
What can be built with Fuse?
- Payment services
- Stablecoin based economies
- Credits, points, loyalty systems
- Shared ownership communities
- DeFi integration
Existing Micro-Economies Powered by Fuse
Let’s take a look at some of these exciting projects :
Wikibank — Wikibank is a local organization in Seville, Spain, transforming the way people make donations. Anyone can go to the Wikibank web and donate money. The funds are sent directly to people in need to their Fuse wallet. Since all transactions are tracked on-chain, donors can see exactly where their funds are being sent giving donations a new level of transparency. People who receive these donations can then go use them at numerous different shops around Seville, Spain by simply scanning a barcode with the Fuse wallet. This simple and seamless model, allows donors to help those in need in an honest and transparent way while supporting local shops trade in the neighborhood. Wikibank is in the process of adding thousands of local merchants to further enhance this important micro-economy.
You can learn more about Wikibank in our recent article here.
GoodDollar — The GoodDollar project is a revolutionary non-profit initiative that is determined to create a sustainable and scalable framework for bringing global universal basic income (UBI) to the world. The GoodDollar economy consists of two parties, supporters, and claimants. Supporters wishing to aid the cause can invest in the community with their funds, convert fiat to G$ coins and earn interest in return which is generated through an interest generating DeFi protocol. The invested funds are locked in the “Good reserve”, accrue interest which is used to distribute the capital among the claimants. GoodDollar users are able to claim, send, and receive their UBI via a digital wallet powered by the Fuse network.
You can start claiming your UBI today, learn more here.
Digital Rand — The Digital Rand stablecoin (DZAR), is an exciting project from Johannesburg, South Africa, building a new ERC-20 compliant stablecoin on the Ethereum chain. DZAR stablecoin is a non-volatile crypto asset whose value is backed by the value of the fiat South African Rand in a 1:1 ratio. Using the DZAR digital wallet which is now available now on App Store and Google Play users can send and receive payments and trade DZAR with other digital assets. The project aims to provide users in South Africa with an easier and safer way to store, transfer, and exchange digital assets without being exposed to price fluctuations and difficulties onboarding.
Learn more about our collaboration here.
PayWise — Imagine an island with a limited amount of ATMs on it. It can be quite a distance for some to walk or drive just to attain cash. PayWise, a loyalty wallet in Trinidad powered by the Fuse network lets you pay for your purchases using PPP (PayWise Points Programme). Using this wallet, users can receive PPP, send it to friends, or discover places to shop around the island. The program is operated by PayWise, a local payment provider in Trinidad.
Learn more about PayWise or try out the PayWise Points app on Google Play.
Seedbed — An exciting self-service platform that allows users to create and manage their own community currency. It provides the infrastructure and tools for community self-sufficiency and economic expansion. Users can easily manage monetary policy, launch community pools, mint new tokens, and more — it’s a token generator and community currency launcher.
Seedbed’s MVP recently went live! More details on the launch here.
It’s Your Turn
These were some of the growing number of exciting micro-economies that are already empowering local communities around the world. We hope you found some inspiration in this article to upgrade your own community or business by leveraging the infrastructure of the Fuse network! If you have any questions regarding the Fuse network don’t hesitate to reach out at hello@fuse.io or check out our FAQ.
We would love to hear your thoughts on the project and your communities on our Telegram and Fuse Forum. Tune in for more exciting featured projects, collaborations, news, dev updates, and community talks on our channels:
Redefine mobile payments with Fuse!
