{"id":1080,"date":"2021-07-10T15:53:37","date_gmt":"2021-07-10T15:53:37","guid":{"rendered":"https:\/\/deficoins.io\/?page_id=1080"},"modified":"2021-07-10T15:53:56","modified_gmt":"2021-07-10T15:53:56","slug":"swipe-review","status":"publish","type":"page","link":"https:\/\/deficoins.io\/review\/swipe","title":{"rendered":"Swipe Review: Here’s Why Knowing All About SXP Can Become A Profitable Investment"},"content":{"rendered":"
It is no longer news that new projects are unceasingly launched in the Defi ecosystem with their cryptocurrencies. This is engineered by the developers’ quest to profer a lasting solution to the blockchain challenges.<\/p>\n
They intend to give users access to a more reliable, secured, and fast platform with fewer fees. The Swipe project is one of these new projects.<\/p>\n
The Swipe is a new project on the cryptocurrency blockchain barely a year old. It is a multi assets crypto ecosystem with an outstanding pace of development in the cryptocurrency space. Its has already secured partnership with exchanges like Binance and Coinbase few months after it started operation.<\/p>\n
In this Swipe review, we will explore the details of the protocol to equip you with every piece of information about it. So keep reading to learn more.<\/p>\n
Contents<\/p>
Swipe is a cryptocurrency platform that bridges cryptocurrency worlds and fiat via its 3 main products. It is developed to empower its decentralized economy and uses \u2018card payment\u2019 infrastructure.<\/p>\n
The Swipe three main products include the Swipe crypto-funded debit card, the Swipe multi-asset mobile wallet, and the Swipe Token (SXP).<\/p>\n
Merchants using Swipe can create \u2018fiat funded card programs based on a card to allow them to receive both cryptos and fiat with ease. More so, users can spend and buy both fiat and crypto-assets on the Swipe platform through its connected smartphone Dapp or Visa debit cards.<\/p>\n
Swipe is also a crypto company that offers many crypto-related services like cryptocurrency debit cards and a multi-currency wallet, including payment solutions for merchants, cryptocurrency savings and borrowing, and custom cryptocurrency debit card issuance.<\/p>\n
The Swipe company\u2019s team members and head office are in Taguig, Manila, Philippines. The Swipe is registered as a company in London.<\/p>\n
Swipe team intends to develop another project-the Swipe network, which will be part of the Defi protocol ecosystem. The Swipe has a wallet that serves as the access point to its ecosystem.<\/p>\n
This wallet is for storing and managing assets of various types, which include fiat currencies and cryptocurrencies. It is also used in managing the Swipe 2nd<\/sup> product- its debit card.<\/p>\n The Swipe debit card comes in different flavors, and each of them offers numerous benefits and perks. For example, the card permits users to use their crypto funds at any ‘Visa payment’ terminals.<\/p>\n The Swipe has a native token that powers its ecosystem known as the Swipe token (SXP). It serves as a means for settling transaction fees and a fuel for the network.<\/p>\n Holders of the Swipe token on the Swipe app enjoy an exclusive discount. The SXP token is also used through the debit card for fiat payments.<\/p>\n Joselito Lizarondo is the founder of Swipe, who started early to invest in bitcoin. He is an individual with a grounded experience in starting up businesses. Lizarondo is currently the CEO of the Swipe platform.<\/p>\n Lizarondo unexpectedly burnt all his \u2018founder\u2019 tokens. He intended to enhance the increase of the SXP token value proposition for its holders to avoid token scarcity.<\/p>\n This act led to an increased demand for the SXP token as the founder token worth more than USD 200million. Moreover, the decision also led to the destruction of over 17% of the total token supply. The Binance CEO commended him of this on Twitter.<\/p>\n The Swipe CEO worked with a team with the following as the executive members. John Kenneth-the Swipe\u2019s COO and Anecita Sotomil, the network’s chief legal officer (CLO).<\/p>\n Kenneth was the senior creator at the Vibial Group, while Sotomil was a tax and legal officer at the PricewaterhouseCoopers.<\/p>\n Henry Niduaza is another member of the executive team. He is the CTO of the Swipe network and has been a CTO twice with over 30 years of banking, fintech, and retail experience.<\/p>\n The rest of the team is made up of members with professional experience in various fields. Like the community management staff, developers, and markers.<\/p>\n However, the Swipe project is a first-time crypto-oriented position for most of the current Swipe team members. Even though they may have some experience in other fields.<\/p>\n The Binance exchange around July 2020 acquired Swipe for a sum yet to be announced. Binance is recently the world\u2019s top cryptocurrency exchange.<\/p>\n This development certainly increased the user\u2019s confidence in the protocol as the Binance exchange also added the SXP token to its list. Also, it has helped to expand the SXP liquidity for its traders.<\/p>\nHistory of Swipe (SXP)<\/span><\/h2>\n