• Fuse unveils its premier Web 3 banking service, Charge.

• The non-custodial bank offers a suite of services including payments, invoicing and fiat on-ramping. 

• Additional features include low transaction fees, borderless payments, and more. 

Fuse, a layer 2 blockchain network that focuses on Web 3 payments for businesses and payments, announced the launch of its first non-custodial bank for merchants, Charge, aiming to revolutionize payment services in the ecosystem. Charge launches with a broad range of payment solutions for fiat and crypto, tailored for small and medium sized enterprises (SMEs). The bank will provide a full suite of services for Web 3-based businesses including fiat on/off ramping, invoicing, and payments.  

Speaking on the launch of Charge, Fuse CEO Mark Smargon stated the advancing growth and innovation in Web 3 infrastructure and tooling is setting up a bigger market for digital banking, with Charge becoming the latest addition to this growing industry. The digital banking ecosystem is rivaling traditional banks (albeit still far off from replacing them), offering users neobank-tier products and services. 

“Charge combines these innovations into a single platform that enables merchants to enjoy the benefits of non-custodial payments and invoicing, coupled with a fiat off-ramp for seamlessly moving assets to the traditional financial system,” Smargon further added. 

What Does Charge Offer Customers?

Charge  is a pioneer bank in the crypto and Web 3 space, aiming to offer new, improved payment systems to businesses and consumers. The merchant bank offers low transaction fees of 0.5%, enabling businesses to accept payments, generate invoices, and manage cross-border transactions. All these services are available on its non-custodial banking service, which is also a first in the space. 

As Smargon iterated, the digital asset banking and payment system is growing at a fast pace, with newer generations heavily adopting crypto and digital assets. Notwithstanding, many businesses and consumers move to digital assets for their ease of use, especially in cross-border payments and ecommerce transactions. 

However, the high fees, security concerns and lack of simple payment infrastructure have slowed this adoption. Charge aims to provide solutions to these challenges by of

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Author: CryptoDaily