BullaNetwork has integrated Fuse, intending to leverage blockchain and NFT technologies. The objective is to empower users to an extent where they can manage all their further crypto payments themselves, and this includes settling payments and issuing invoices.
Moreover, Fuse users will also be able to receive the payment and settle invoices that are due to be paid through a public address.
Tokens that are supported by BullaNetwork on Fuse Network are Wrapped Ethereum, Wrapped FUSE, G$, and Wrapped BTC. All the partners and/or projects in the ecosystem of Fuse have been encouraged to make their respective tokens available on BullaNetwork.
This means that more tokens could soon be added to the list, making it easier for the users to utilize their holdings on the network.
An app or a website is good only if it has a convenient dashboard. BullaBanker focuses on this very core aspect and makes it easy for users to track their pending payables and receivables, along with accessing the reporting functionality that can be exported in CSV format.
Visions of both partners intersect at a point that makes the integration reliable with a commitment to go a long way.
Fuse believes in the mass adoption of crypto payments and DeFi while BullaNetwork takes pride in promoting credit as a fundamental human interaction, saying that it has been practiced for as long as there is a record of human civilization.
Blockchain has brought in a trend that is allowing people to advance in various fields; however, the major impact has been on the financial sector.
A large number of unbanked population is being covered under DeFi to ensure that they get linked to the world’s financials without any major requirement or obstacle. The currency banking system is a centralized one which is in contrast to what DeFi is based on.
DeFi has progressed on a large scale by allowing people to perform complicated transactions like swapping tokens. Many platforms have failed to realize the potential that DeFi holds to make the future brighter for everyone.
BullaNetwork has quickly identified the gap and accelerated the pace that has now resulted in the integration with Fuse. BullaNetwork wishes to leverage advanced blockchain technology to realize its vision of making crypto and Web3 tools accessible to all.
Files on BullaNetwork are stored in a decentralized and secured format via IPFS. Invoices that are generated on the app are minted as NFTs to be stored on a blockchain permanently.
A basic requirement that every user needs to perform is the integration of an eWallet like MetaMask. This gives users access to a comprehensive dashboard that displays crucial pieces of information like Pending Payables and Pending Receivables in one place.
The number of invoices due and the number of payments/receivables made appear as well, along with the category where they have been saved.