Ideas from the Fusion blockchain to expand the capabilities of the international payment system.
Posted by @Dimaspace
1. Innovation for the decentralized transfer of Stable coin USDC value to a credit bank and obtaining financial interest as in a bank.
2. Innovation for retail B2C: send goods to Circle wallets and pay with one click — “quantum swap packaging for retail goods”.
3. Innovation for B2B business: create an invoice for payment of the contract and send it to the counterparty — “quantum swap packaging for the contr.
The current problem of stable coin operators is that their customers do not receive annual bank interest for their contribution. And many investors don’t like it, because their money stops working when they buy USDC.
Having solved this problem, Circle USDC will turn into an international financial network in which all participants have the opportunity to receive an annual fee as in a regular bank. This will open the way for Circle USDC to become an international operator in the banking services market.
Fusion blockchain innovations allow this to be done in two ways:
1. Transfer the cost of Stablecoin USDC to the normal banking system through the “time lock” function and receive rewards as from a Bank Deposit.
2. Integration USDC into DeFi ecosystem Fusion to offer 20% annualized rewards on your USDC stable coins and this is already being implemented.
Consider the first method that uses Fusion’s “time lock” innovation, which is unique for the entire crypto market, which allows you to send Stablecoin USDC, for example, to any crypto wallet №2, with a lock for example for 1 year, and after 1 year this asset will automatically return to wallet №1.
This function allows you to organize the interaction scheme of the Stablecoin USDC custadian
and USDC holders who want to keep their savings in Stablecoin USDC and at the same time receive annual banking interest as from a deposit in a regular Bank.
The interaction diagram presents:
1. People and Companies send USD to Circle deposit
2. and receive Stablecoins USDC
3. Stablecoins USDС holder decided to transfer a part of his funds to the bank deposit market
4. for this, the holder selects (4) bank deposit options, for example, on the Fusion SWAP platform
5. the selected smart contract sends Stablecoins USDС to the Circle platform to the credit bank pool
6. (6.7) Custodian Circle transfers USD to the bank as a deposit, for example, for 1 year
8. All deposits are insured by the Federal Deposit Insurance Corporation (FDIC) USA
9. the bank (9), in accordance with the condition of the deposit, transfers the interest in dollars to the Custodian loan loan account in dollars (10)
10. Custodian additionally produces% Stablecoins USDC
11. and sends a reward to the crypto wallet of the borrower
12. Upon the expiration of the deposit, the credit bank returns the “body deposit” (12) and sends it to Custodian (13).
13. The “time-lock” of a credit smart contract (14) is activated automatically after the loan term has expired and Stablecoins USDC are automatically returned (15) to the creditor’s crypto wallet.
This method of transferring the financial value of Stablecoins USDC to a bank loan or leasing market allows Stablecoins USDC owners to receive remuneration as in a regular Bank and at the same time have 100% underwriting for their deposit.
The Fusion blockchain technology will enable Circle to provide lending services for the fiduciary banking system and connect credit banks and leasing lending markets to the Circle payment network.
In the presented scheme, the custodian selects offers from leasing agencies, concludes a financing agreement with them and places these applications on his or her third-party site. Owners of Stablecoins USDC choose a suitable offer and send USDC via a smart contract to the custodian for the subsequent transfer of USD to the leasing market.
In the United States in 2018, leasing transactions, software and computers prevailed — 20.6%; trucks and trailers — 11.0%; aviation equipment — 10.5%; medical equipment — 8.4%; construction equipment and machinery — 7.9%; agricultural equipment — 6.1%.
This option will create a high level of population loyalty to Stablecoins USDC and provide an additional source of financing for the US financial system.
The second method was already implemented on September 18, 2019 through Integration $ USDC into DeFi ecosystem Fusion to offer 20% annualized rewards on your $ USDC stable coins and this is already being implemented. https://twitter.com/FUSIONProtocol/status/1174074506761113602
B2C Retail Innovation
The fusion blockchain innovation Quantum Swap allows you to create commodity parcels packaged in Quantum Swap and send them to the consumer’s cryptocurrency wallet.
Such a Quantum Swap transaction protects the “product token” from breaking and breaking.
Today, if you have, for example, a “product token home”, then if this token is put up for sale on the crypto exchange, then parts of this token can be accidentally bought by different buyers in parts. And then there will not be a single buyer for this product.
And Quantum Swap successfully solves this problem. Because the goods token enters the wallet in the form of a Quantum Swap interface with the seller’s price set for the goods, which will be sold only if the full amount is paid by one buyer for this product offer.
Products in Quantum Swap packaging are delivered to the client’s crypto wallet. This is a convenient one-click purchase!
Fusion Quantum Swap Commodity is a revolutionary trading concept — delivering goods to a client’s money wallet and selling them there!
Now on the market there is an outdated concept of selling goods through a store, website, for money, in which a person comes to various websites of online stores and selects products, and this underlies the sales of Amazon, Alibaba and many other online retailers. And the marketers of these stores always make great efforts to attract re-buyers, to offer a second product, for example.
And none of them today can sell goods directly to the consumer’s wallet. This is the dream of marketers around the world. Marketers all over the world dream of sneaking into consumers’ wallets and keeping their products there on an ongoing basis, then the consumer will not have to look for products on the opposite side.
And commodity transactions based on Quantum Swap, allow you to implement the sale of your goods directly to your customer’s wallet. And you can do this on an ongoing basis. This is a new level for marketers and for stores — know your customer and automatically deliver goods to him after paying for the customer’s goods in one click, this will happen right in the customer’s wallet.
Question: Why can Walmart, Amazon, Alibaba start working with Circle Wallet, which will have the Quantum Swap Commodity?
Answer: in order to send a “quantum swap parcel with goods” to this wallet, in order to be closer to the customers ’money, for example, to remind about the sale of goods in the wallet, or to congratulate the client on his birthday and send it to his wallet “quantum swap gift” with a good discount. Retailers will also be able to offer loans using temporary locks and scheduled payments.
This is a new level marketplace executed directly in a money crypto wallet. This is a new sales channel that does not require promotion on the Internet and new marketing injections.
In today’s world, in money wallets, such as fiat or crypto, there is nothing but money.
But the “Circle Wallet” can begin a new story for the entire B2C industry — delivering goods to a client’s money wallet and selling them there.
B2B Business Innovation
The Quantum Swap innovation can be used for e-commerce between enterprises, for example, invoicing equipment.
On the picture is a variant of the commercial offer for the supply of equipment.
Based on the Circle Wallet Quantum Swap, commercial enterprises will be able to exchange commercial offers and pay for them through the blockchain network.
Thus, Circle payment system will be able to offer its new services in three market segments with a total volume of more than $ 9.5 trillion:
- Private clients who will be able to extract financial interest from their crypto deposits as in a regular bank.
2. Sellers and buyers of retail goods, the market volume of B2C world retail online retail in the amount of $ 2.8 trillion.
3. Commercial enterprises, world market, trade between companies according to B2B scheme, $ 6.7 trillion.
About Fusion
Fusion Foundation is a non-profit organization building the next generation infrastructure for decentralized global finance. By providing innovative companies and developers with the open source technology they need to build peer-to-peer time and value-based applications, the world will enjoy financial transactions that are more accessible, efficient and transparent than previously possible. Fusion’s seasoned team of industry veterans led by Founder and CEO DJ Qian, a blockchain pioneer who previously launched two top 20 global blockchain projects (VeChain and QTUM), is working to collaborate with financial institutions, cryptocurrency companies, businesses, peer-to-peer lenders, third-party app developers, academia, and the broader blockchain community. By providing the foundation that enables different cryptocurrency tokens, digital assets, off-chain values, and data-sources to be created and exchanged between the Fusion blockchain, other blockchains and financial systems, Fusion is moving ever closer to a globally accessible system for the free exchange of values. Visit www.fusion.org to learn more about Fusion and its partnership program.
My Telegram username is @Dimaspace I am the author of this article and if you have any questions then please join the official Telegram groups:
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