Swipe

스와이프 지갑과 카드를 사용하기 위한 유틸리티 토큰

home link https://www.swipe.io/en/

reference material

Community

Exchanges that listed the coin
5
Symbol
SXP
Dapp
To be released
Project introduction

스와이프 토큰은 스와이프 제품군에 제공되는 서비스를 제공하는 에코 시스템의 주요 암호 화폐입니다. 스와이프 토큰은 이더리움 플랫폼에서 ERC20 표준 토큰으로 발행됩니다. SXP 토큰은 모든 거래 수수료가 Swipe Oracle에서 자율적으로 지원하는 월렛 스마트 계약을 통한 SXP의 사용으로 공개 및 감사 된 코드로 자율적으로 구성되므로 디플레이션 금융 공급으로 생성됩니다.

Executives and partners

Joselito Lizarondo

CEO

Genji Sakamato

Cheif Architech

John Khenneth

COO

Eric Adolfo

CTO

Bitgo

onfido

Coinbase

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Medium

Swipe Bi-Weekly #8

The month of October started with amazing news and updates from the Swipe team. Swipe has added new cryptocurrencies and modes of communication as part of the team’s effort to expand its reach and services to the crypto community.Swipe Accounts VerifiedSwipe’s official Instagram, Facebook, and Telegram accounts are now officially verified. Only follow Swipe’s official pages to get the latest news, product developments, and updates.Please be reminded that Swipe has only two official channels:T.me/SwipeWallet (verified)T.me/Swipe (Announcement Channel)Swipe on DiscordThe team has officially opened a Discord channel to connect with users who have Discord accounts. To celebrate its launch, Swipe gave away a total of $1,000 in Swipe Token (SXP) to 10 random winners.Users who joined Swipe’s Discord channel followed Swipe’s official Twitter account and retweeted the contest post, got the chance to win the prize. The ten winners were announced last October 6 on Swipe’s discord channel.Swipe Slate Cashback, Upgrades & Card MigrationSwipe continues to push the Swipe Issuing platform products to businesses, like Binance, which will help the SXP deflationary ecosystem.The Swipe Slate card is now upgraded to 8% cashback with $30,000 referral rewards activated immediately, same rebates, and on-chain staking rewards with governance. The monthly spending limit for Swipe Slate is also now upgraded to 50,000 Euros.Also, other Swipe cards such as Saffron, Sky, and Steel will be migrated to the Binance card platform to be able to use the cards and SXP lockups via their Binance account, including the migration of benefits and rebates.SXP lock-up card tiers for Binance cards and Swipe cards ordered on Binance.com will be released soon to match up to existing benefits, perks, and rebates. Swipe Slate will remain on the Swipe Wallet platform for SXP Elite users.Swipe Improvement Proposal 1Last October 5, Swipe announced the voting procedure for the Swipe Improvement Proposal 1 (SIP-1) on Swipe Governance. Those who staked SXP can vote to upgrade the staking contract to add a reward claim period controlled by SXP holders. On October 8, the team announced that the SIP-1 has now passed with 3,456,709 SXP staked for YES while 0 SXP for No.Coin ListingsSwipe has added several coin listings on its platform since the start of this month. Adding to its list of supported cryptocurrencies are Venus Protocol ($XVS), Near Protocol ($NEAR), Kusama ($KSM), Ocean Protocol ($OCEAN), Filecoin ($FIL), and $AAVE. Swipe users can now buy and sell these cryptocurrencies with credit/debit cards, instant exchange, and trading, and spend it using Swipe Visa cards.Swipe Visa Fund SourcesSwipe Visa Cardholders can now select $BUSD and $USDT funding sources in the “Card” tab on Swipe Wallet mobile application. Use Swipe card and convert fiat in real-time and earn up to 8% cashback and top brand rebates.Swipe Visa Cards now in USSwipe Visa Cards are now available in the United States (excluding New York) with invites already rolled out last October 9.Virtual Cards will be issued with Apple Pay, Google Pay, and Samsung Pay enabled. Physical cards will be shipped soon. Users can now finish their Social Security Number (SSN) verification to receive the Virtual Card. Physical cards will be linked and will activate your Digital Checking account.SXP Wrapped in BSC$SXP wrapped on BSC is coming. The team will enable fee-free wraps and launch cross-chain staking when this deploys. This will save users high fees and latency currently faced on Ethereum.Swipe Slate Staking RewardsSwipe has distributed the first week of Swipe #Slate on-chain staking rewards to Slate cardholders last October 13. Swipe Slate cards can be ordered with a 30,000 $SXP stake, which was reduced from 300,000 $SXP.Find out all the details:swipe.io/cardsNew Executive AppointmentsSwipe announced this month its new executive appointments. Henry Niduaza is appointed as the new Chief Technology Officer, Michael Belisario as Chief Information Security Officer, and Caroline Santos as Chief Marketing Officer. The new appointments are another important step in Swipe’s growth strategy.Chief Executive Officer (CEO) Joselito Lizarondo believes that this new corporate structure affirms Swipe’s commitment to strengthening and growth to best serve its clients at all stages of their cryptocurrency journey.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe Bi-Weekly #8 was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 10. 19

New Executive Hires to Lead...

Swipe, a crypto-to-fiat debit card and mobile wallet platform, announced today its new executive appointments. Adding to its lineup of executive officers are Henry Niduaza as the new Chief Technology Officer, Michael Belisario as Chief Information Security Officer, and Caroline Santos as Chief Marketing Officer. The new appointments are another important step in Swipe’s growth strategy.Henry Niduaza has more than thirty years of experience in the banking, retail, fintech, and logistics industries, where he had successfully created unified platforms for card payments and value-added services. Prior to Swipe, Niduaza was a Chief Technology Officer for a logistics company in Singapore, where he led the organization’s core system transformation and extended support for ad-hoc business requirements on the SaaS model.Mike Belisario has been appointed to the new Chief Information Security Officer position, where he will lead the team in building and improving the security architecture and risk and compliance management of Swipe. Belisario has extensive experience in security operations and engineering, and leading migration projects from old to new tools.Swipe’s new Chief Marketing Officer, Caroline Santos, brings more than 20 years of experience in the fintech, banking, and wellness industries. Santos has notable experiences handling hardcore and digital marketing, product development, corporate affairs, and public relations functions.Chief Executive Officer (CEO) Joselito Lizarondo believes that this new corporate structure affirms Swipe’s commitment to strengthening and growth to best serve its clients at all stages of their cryptocurrency journey.“I am very pleased to welcome Henry, Michael, and Caroline to Swipe. They are known for their significant contributions in their respective fields and having them on the team will greatly accelerate the Swipe’s business goals. We want to become closer to our users, and these new leaders will help us build a better customer-oriented business model,” said Lizarondo.Swipe allows users to deposit crypto into their Swipe Wallets, which give instant access to spend those funds in fiat currencies while using traditional Visa debit cards. It aims to bridge the gap between cryptocurrencies and mainstream finance by connecting the existing payment system to cryptocurrencies. Swipe also provides a wide range of decentralized finance products in its suite for users globally.This month, Swipe has partnered with Marqeta, a payments unicorn, to launch LendFi, an instant Virtual Visa card in the United States that can be immediately tokenized and linked to Apple Pay & Google Pay, built for real-time DeFi lending access powered by Swipe Issuing. Also, Swipe Visa cards are now available to US users (except New York), and virtual cards issued are Apple Pay, Google Pay, and Samsung Pay-enabled. Physical cards are scheduled to be shipped soon.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletNew Executive Hires to Lead Swipe Expansion was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 10. 13

Swipe Slate 8% Cashback/Upg...

Swipe Slate 8% Cashback/Upgrades & Migration to Binance Card Platform with SXP Reward to SXP Locked cardholdersTLDR;Swipe Slate is upgraded to 8% cashback, $30,000 referral rewards activated immediately, same rebates, and on-chain staking rewards with governance.Swipe Slate upgraded to 50,000 Euros spending monthly.Swipe Sky and Steel are becoming discontinued and will have their stakes removed immediately with a one-time SXP Reward Bonus.Existing Swipe Sky & Steel will have their stakes removed but enjoy benefits as if though they were staked until migration to Binance Card Platform occurs.Swipe Saffron, Sky, & Steel users will be migrated to the Binance Card Platform and will be able to use those cards via their Binance Account funds.Swipe Slate will remain on Swipe Wallet App for SXP Elite users.Swipe continues to push the Swipe Issuing platform products to businesses, like Binance, which will help the SXP deflationary ecosystem. Starting today, Swipe will discontinue future Swipe Steel and Sky orders from the Swipe Wallet App for all UK/EU/US users and will encourage those future eligible users whom were considering this card to order a Binance Card. Swipe Sky and Steel holders will have their stakes removed and will receive a one time SXP Reward.Swipe Sky and Steel Cards SXP will be unlocked immediately and SXP reward will occur within 48–72 hours:- Sky Cardholders will get their 300 SXP released and a 100 SXP Reward- Steel Cardholders will get their 3,000 SXP released and a 1,000 SXP RewardCurrent Swipe Saffron, Sky, and Steel Cards that are linked onto the Swipe Wallet App will be migrating to the Binance Card platform to further support a synced ecosystem of Card products for Binance.com users. Currently this transition will support EU/UK cardholders. This means you will be able to use your Swipe Card connected to funds on your Binance.com account as well as order Swipe branded cards from Binance.com directly when this switch occurs.Those active Sky and Steel cardholders will continue to receive all benefits of their respective card tiers until the migration occurs to the Binance Card platform in which then, depending on their BNB Level tier, they will receive the Binance Card Rewards via their Swipe branded Visa card purchases. Swipe Saffron and Slate orders will remain open for the time being.Current and EU/UK Swipe Slate cards will remain open thereafter directly on the Swipe Wallet app for Elite SXP Users who want to stake 30,000 SXP. The following benefits will be upgraded for current and future Swipe Slate users.8% Cashback in BTC, BNB, PAX or SXP (your choice)Swipe Rebates: All current rebates$30,000 in Referral Rewards (Activated immediately. You and each slate card holder you refer you $3,000 ($1,500 each x 10 referrals)Your stake increases to 12 months for new users (previous is still at 6 months) and gets included in on-chain staking to secure the network which is currently at 70% APR*. (this rate is dynamic based on the protocol supply and demand)Vote via Swipe Governance.Your stake can be unlocked at anytime after the 12 months (and 6 months for current Slate holders) but you will loose all benefits except 2% cashback.For Swipe US Cardholders: All current Sky and Steel cards will be released from SXP staking. Saffron orders will remain open alongside the enhanced Slate Card.Users will receive an email shortly about the migration and to provide their Binance Account ID. Your Binance Account ID can be found by following the steps below:1 — Go to your profile and select Dashboard2- You will find your Binance ID just after your e-mailThe Swipe Saffron, remaining Sky, and Steel cardholder to Binance migration will occur sometime in or around the end of November, with a date announced when available.Thank you,JLSwipe Slate 8% Cashback/Upgrades & Migration to Binance Card Platform with SXP Reward to SXP… was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 10. 02

September 2020 Updates

For the month of September, the Swipe team focused on making its platform more convenient and accessible to its users by adding multiple virtual currencies to buy, sell, and spend within the application. Aside from these, the team continues to expand its reach in the crypto community by having its native cryptocurrency Swipe Token ($SXP) added to different digital exchanges and payment platforms.Pay Travel Booking Fees with SXP$SXP is now available for direct spending on Travala.com. Travala is one of the world’s leading blockchain-based travel booking platforms and has existing partnerships with Agoda and Expedia, making it easier for users to book their preferred hotel or accommodation in millions of locations worldwide.At present, Travala offers over 2 million discounted properties covering 90,124 destinations in 230 countries. By creating a “frictionless travel booking experience,” SXP users with Travala accounts can directly pay their travel bookings.SXP ListingsSXP is now listed on Solana-based Serum (SRM) DEX and Korean digital asset exchange Upbit. Traders can now start adding SXP/USDT and SXP/USDC on their Serum portfolios and trade SXP/KRW on Upbit.Swipe GovernanceSwipe Governance is a protocol that enables the Swipe community to make changes to the Swipe Network directly on-chain with SXP as the governance token. All of the Swipe Governance proposals and voting weight will be determined by how much the user’s address has staked in SXP on the Swipe staking contract.Last September 5, the Swipe Governance Testnet was made live on the testnet UI. Proposals are 300,000 $SXP, which can be delegated and pooled by others to total the 300,000 $SXP required. To vote, One $SXP is required and the weight is based on your balance at the time the proposal was launched. As the Swipe team prepares the deployment of the Swipe Governance smart-contracts to mainnet, high-level details about the protocol can be found at https://docs.swipe.org/introduction/governance.Certik, a smart contract and blockchain audit company, has successfully audited the Swipe Governance smart contracts last September 28. Swipe Governance mainnet will be deployed on October 2, Friday.On-Demand Gift CardsSwipe Wallet has enabled the On-Demand Gift Cards under the “Gifts” tab menu bar on its mobile application. The On-Demand Gift Cards are powered by the cryptocurrencies available in the application, and users can buy gift cards from over 100 global retailers directly in the app — with up to 10% cashback.#GotSwipe CampaignAnother 10 lucky participants for the second round of #GotSwipe campaign will win 500 SXP each by simply following these steps:Share a photo/video of your actual Swipe Card in actionUse the #GotSwipe hashtagFollow @SwipeWallet on TwitterLast month, Swipe has announced the first 20 winners of the #GotSwipe campaign contest. Winners who shared a photo of their actual Swipe Visa cards, received 500 $SXP each on their SXP addresses.Coin ListingsSwipe team has integrated additional supported cryptocurrencies into its mobile wallet application to provide its users have a better selection of assets to buy, sell, and spend.Cryptocurrencies that are recently added into the Swipe wallet app are Serum ($SRM), Solana ($SOL), Polkadot ($DOT), Aave (($LEND), Algorand ($ALGO), Omisego ($OMG), MakerDAO ($MKR), Yearn Finance (($YFI), Hashgraph ($HBAR), Pax Gold ($PAXG), NEM ($XEM), $IOTA, Uniswap ($UNI) and Avalanche ($AVAX).Swipe users can now buy and sell these cryptocurrencies with their linked bank or cards, spend to fiat using Swipe Visa card, and swap instantly with all the coins available on the app.Swipe Network Staking$SXP users can now utilize Trust Wallet to stake on the Swipe Network via Wallet Connect. To learn on how to access this feature, follow our step-by-step guide here: https://docs.swipe.org/trust-walletUsers can now also use their Ledger hardware wallets to stake on the Swipe Network using Metamask. Learn how to access this feature by following our step-by-step guide below: https://docs.swipe.org/ledgerSwipe IssuingSwipe Issuing is a Card-as-a-Service (CaaS) platform that allows users to create, manage, and distribute virtual and physical cards while Swipe manages all the regulatory, compliance, and network responsibilities to quickly launch the program.Binance Visa Card uses the Swipe Issuing platform to create branded debit cards that will enable their users to create a Swipe account via an API and instantly issue a card for them to use with crypto. Swipe Issuing Platform manages, issues, and utilizes a real-time authorization engine to make converting and spending cryptocurrencies seamless at over 60 million locations worldwide. Binance leverages the Swipe Issuing Premium package where they have staked 300,000 SXP and in return receive lower merchant processing fees that they pay in order to use the program.Swipe will also be utilizing the Swipe Network deflationary mechanism to take up to 30% of the SXP earned from the program and destroying that SXP on-chain daily. This is a variable figure as there will be costs associated with the program that Swipe will need to endure and is dynamic in different scenarios. All future Swipe Issuing and Business-to-Business clients paying in SXP will have the same mechanism and ratio applied.SXP Staking on WazirXDeposit or Buy $SXP on WazirX to start staking & earning annual yield between 4% to 12%. SXP staking on the WazirX platform has zero fees, and no lock-up period.Stake SXP here: wazirx.com/stakingWithdrawal Fees RemovedSwipe is committed to have a “fee free” experience. On September 22, Swipe announced that all withdrawals made out of the Swipe Wallet will be free. The Swipe team promises to pay the gas fees, even those expensive ones on Ethereum.3.5% Fee WaivedSwipe announced that all credit and debit card top-ups and purchases are now free for all verified users worldwide, with at least 100$SXP balance, for the remainder of the year.Venus White Paper is now liveThe Venus Protocol, a complete algorithmic money market protocol on Binance Smart Chain, enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. The protocol designs are architected and forked based on Compound and MarkerDAO and synced into the Venus platform giving the benefits of both systems into one.On its whitepaper, which was released last September 28, the Venus Protocol creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block, while the borrower pays interest on the cryptocurrency borrowed.The difference of Venus from other money market protocols is the ability to use the collateral supplied to the market not only to borrow other assets but also to mint synthetic stablecoins with over-collateralized positions that protect the protocol. Venus utilizes the Binance Smart chain for fast, low-cost transactions while accessing a deep network of wrapped tokens and liquidity.Read the Whivenus.io/Whitepaper.pdfSwipe Partners with Marqeta to launch LendFiSwipe has partnered with Marqeta to launch the LendFi Visa Card, which is connected to Swipe Issuing and Marqeta, for near-instant access to lending balances borrowers make on the LendFi App.LendFi is a Swipe Wallet product offered in the United States to give borrowers the ability to get a loan directly from a mobile application, and access it using a virtual card while waiting for the actual physical card. Swipe’s blockchain-based lending system will approve a loan for a user, disburse it to their account and make it available to be spent almost near-instantly.LendFi Visa Cards are now available for borrowers to begin using their balances in the United States by downloading the LendFi App and completing the identity verification. Upon verification, an instant Virtual Visa card for free will be issued immediately tokenized on Apple and Google Pay. Users can opt to order a physical card and upgrade to a Metal card that is ready to ship. Cardholders will earn up to 4% cashback on all purchases.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSeptember 2020 Updates was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 10. 02

Swipe has partnered with Ma...

Swipe is thrilled to announce that it has partnered with Marqeta to launch the LendFi Visa Card which is connected to Swipe Issuing and Marqeta for near-instant access to lending balances borrowers make on the LendFi App.LendFi is a decentralized lending platform that is digitally connected with the borrower on their mobile device at all times. Our blockchain based lending system will approve a loan for a user, disburse it to their account and make it available to be spent almost near-instantly.Swipe CEO, Joselito Lizarondo, stated, “We are excited to work with the innovators over at Marqeta who help power our LendFi Visa Card. Borrowers will get access to an instant Visa card upon successful verification that immediately gives real-time access to their loan balances.”LendFi utilizes decentralized finance (DeFi) protocols to give borrowers access to instant liquidity to over-collateralized loans while being in complete control of the borrowing process.Marqeta VP, Business Development, Salman Syed, stated, “Being able to issue a loan directly on to a card, further extends our innovations to help remake the lender-borrower relationship, allowing borrowers to access funds almost instantly and giving the lender real-time insight into how the funds are used. We’re excited at Marqeta to power LendFi and see the next generation of lending come to life.”LendFi Visa Cards are now available for borrowers to begin using their balances in the United States by downloading the LendFi App, signing up, and completing their identity verification. Once that’s done we will issue the user an instant Virtual Visa card for free that can be immediately tokenized on Apple and Google Pay. Thereafter cardholders can order a physical card and upgrade to a Metal card that is ready to ship. Cardholders will earn up to 4% cashback on all purchases.The LendFi App also offers a stablecoin aggregator so users can deposit various stable coins backed and/or pegged to $1 USD to spend on their card.About LendFiLendFi is a real-time lending platform that enables borrowers to get near-instant access to their loans with the LendFi Visa Card. LendFi is a Swipe Wallet product that is offered in the United States to give borrowers the ability to get a loan directly from a mobile application and then issue a Virtual Card to get access to the loan while they wait for physical cards to arrive. For more information, visit LendFi.comAbout MarqetaMarqeta is the global standard for modern card issuing, providing the most advanced infrastructure and tools for building highly configurable payment cards. With its open API, the Marqeta platform is designed for innovators who want a simplified way of managing payment programs so that they can create world-class experiences and power new modes of commerce. Marqeta is headquartered in Oakland, California. For more information, visit www.marqeta.com.Swipe has partnered with Marqeta to launch LendFi an Instant Visa® Card Platform for Lending was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 09. 30

Swipe Reddit AMA — 9/25

Swipe Reddit AMA — 9/25Hello Swipers,Thanks for checking out this Reddit AMA today to get caught up on some Q and A’s in regards to Swipe. We have had a fantastic month in September growing our wallet and card business by over 2.5x in all aspects. We also had the the great opportunity to finally formally launch the Binance Visa card that operates on Swipe Issuing which is a very unique, high rewards, crypto debit card in the EU with more regions in works like US, Turkey, Canada, Singapore, and Australia all coming up next as issuing banks have been secured and/or Visa approvals are already in.I want to first clear the air on a few items that I believe are troubling some community members and users. We had some minor and major bugs/issues with the Swipe Wallet application, and for that all I can do is apologize. It took a few hurdles (like apple taking forever to approve) but we got over them and now the Swipe Wallet app should be much faster and less buggy. We also got through an entire backlog of KYC level 2’s which I know was frustrating to many. The cashback module was broken. We had to re-write the entire library to make it work with the current enhanced wallet infrastructure, which I can now say it’s done. So cashback should be near-instant once a transaction is fully complete (pending -> complete).With that being said, I want to now focus you on what we have been working on diligently: Venus. I wanted to announce the launch of Venus, a money market protocol on Binance Smart Chain, today, but couldn’t as it wasn’t quite there yet from a partner that we will be working with on it. What I can touch on is that the month is only a week away, so you can use your imagination there when Venus will be announced alongside the testnet and white paper. SXP holders will garner the most benefits from the protocol.You can rest assure, that no matter what price action the markets have, Swipe is consistently working day-in and day-out to continue building our ecosystem and product lines. The ecosystem is fueled by SXP and everything we build surrounds it. SXP is a scarce asset that has a limited supply that eventually goes down to 100,000,000. So the number of units available to utilize our services are actually going down daily. These numbers will ramp up as more mechanisms are added and volumes increase. Price always catches up to value (if there are any disparities).October will be another month of building with more updates to come. The stealth plans are becoming ripe to deploy and Swipe will continuing pushing the envelope forward.AMA Questions (Shout out to CocaColaKid on reddit, very amusing answers, non of which were provided by Swipe in any capacity. They are not official team member(s) but, had some accurate and some inaccurate answers) The first 10 questions below are the winners for the Reddit AMA prize. Please PM /u/SwipeWallet on Reddit to claim your prize.Can we get early adopter benefits? Answer: Venus is coming and other benefits. So short answer: Yes.Is fiat top-up coming? Answer: Not in Swipe’s business plans, but we will introduce stable coin support very soon.Do you guys plan to launch a stats page for the card usage? Answer: We are building a Swipe based explorer that will have all of the data you are asking for and then some (including burns). So yes, it’s in the plans already.Are there any new infos about using the Binance UI for Swipe card users? Answer: There will be a migration of Swipe Cards to the Binance.com Card UI so that you can use your Binance funds in real time with your Swipe branded Debit Card. After this migration occurs, Swipe Cards can be ordered directly on Binane.com. There will be a strong promo for this when his switch happens in the next 30–60 days for Swipe users.When does Swipe plan to move SXP off of Ethereum and what will the process look like from a user perspective? Answer: Never, we are always going to be cross-chain compatible. When our Binance Smart Chain project launches, users can wrap their SXP via a web-app or via Binance.comYou mentioned a month back that an exchange besides Binance will also be issuing swipe cards could you give us any more information regarding that and will it take place? Answer: This is correct, but no public information on this at this time.During the USA launch you mentioned multiple banks ( plural ) will be announced and the swipe team only mentioned one to the day will any more info be mentioned regarding that? Answer: Yes, next week.Regarding the Binance cards CZ mentioned you can earn up to 7% cash back with BNB and nothing regarding SXP could you talk more about this since your in control with the Binance cards department s also? Answer: There’s no reason to benefit someone with SXP. If they want to take their BNB and buy SXP that’s better. Also more Binance card use equals more SXP burned.Regarding Swipe Issuing Burns: When you say “up to” do you have specific details you can share regarding the fee structure? Up to is a very arbitrary speculative number, can you please provide specific details. Answer: It’s a variable figure that depends on what our costs are on the program. Since each transaction may vary in charges, we say up to as this may change region by region. The best way to keep track is just to pay attention to daily burn indicator to see how this is progressing.What are the costs exactly that are associated from the program that swipe will need to endure? Why would swipe endure costs for other users using the platform? If swipe is enduring these costs, wouldn’t that not make this an inflationary currency? Answer: Our costs are dynamic. Costs would include what we pay Visa and the issuing bank/processor for running the transaction alongside other fees. That’s as much as I can share on this topic without going into NDAs.If any of these questions cant be answered under “NDA”, can you explain why an NDA would be needed for a fee structure when you have users owning tokens but not knowing how the structures would be? Answer: You are supposed to own the tokens to use them in the ecosystem. This fee structure does not have to do with you owning tokens. We do not make any guarantees and do not own tokens based on our fee structures please. IF you want to own tokens, own tokens to use them. What you are asking us to share is what we have for internal purposes between banking partners. You are not a shareholder of Swipe by owning SXP. Nor are you entitled to passive income from Swipe’s, as a corporate entity, revenue . Please bare that in mind.There are so many different crypto wallets out there, and a lot of them offer similar functionality, what makes Swipe Wallet unique? Answer: Swipe has recently stripped all fees including withdrawals. So we are officially the only insured wallet that has no fees.Have Swipe thought about obtaining its own “banking” license?Answer: This is already in progressWhat about referrals getting the card atm. Does they count for the old referral program, no referral bonus at all or the new upcoming one?Answer: Old referrals will not be retroactive.How does Visa cards cashback works? When is it credited and how? Answer: Card spending cashback is now instant. Rebates (like Spotify) are paid before the 5th of each closing month, so first one is due October 5th.So what’s 3x farming mean? Answer: This will be explained in the Venus white paper next week.When will cards ship to the US?Answer: Goal is by November before the holidays.Are card Issuers allowed to set their own cash back reward tiers?Answer: Yes.How do you plan to manage the cost required for card when there is price fluctuation in SXP Answer: These values will be controlled by Swipe Governance and the SXP holders in the very near future.With Binance and Swipe cards available, won’t they eat each other market? If not, what are their target market differences? Answer: Doesn’t matter which Card you use for aesthetic or benefits purpose. They are all powered by Swipe and Binance Cards benefit SXP’s monetary policy greater than Swipe Cards.Have you thought about having an option to automatically top-up whatever crypto is spent to Swipe? Answer: Yes this is a module we are building out for reoccurring purchases and auto-topup.Is a credit card planned? Answer: A DeFi card is coming very soon.Will Venus Protocol burn SXP? Answer: Not on day one as this is not a centralized system and only benefits participants. Governance can change this and we will encourage it.Will Swipe X be released in September? Answer: No, but in October toNovember.What is the SXP payment API status for website? Answer: In private Beta with select partners.Do u have any major partnerships in line ready to use the payment API? Answer: YesWith the coming Governance System will the community be able to vote for higher cashback percentage/new card tiers to match the binance card? Answer: Good question, not in v1 but this can be proposed in v2.What about the new referral program? When will it start and what are the benefits? Answer: The plan is to go live with the Referral program before October 15th.What is the relationship between SXP and the Venus project?Answer: Swipe’s on-chain blockchain team is working on the Venus project.Is the team considering implementing compound staking for SXP (i.e. allowing SXP reward for staking to be staked somehow without the need to compound 1k SXP) Answer: If the community wants this they can vote for it in Governance and someone can propose the solidity contract change for it.Swipe cards for EU are issued from UK. Is Swipe prepared for Brexit?Answer: Yes we have a plan in place.If i understand correctly binance paid 300k sxp to get binance card?Answer: Yes, Binance has a 300,000 SXP indefinite stake as long as they have a Card program running. So it’s safe to say the Total supply is 300,000 less as long as Binance has a card.When will Swipe be available in Ukraine? Answer: We are working on this as we have located an issuing bank already. I believe there are some regulations coming in Ukraine for crypto-laws next year and that’s when we can most likely launch this product since its issued by a local bank.What made you start Swipe? Answer: Monaco at the time was just a white paper, TenX had issues, the market was ripe for a new leader. So I hit the ground running and assembled a team that could deliver to market fast.Can you promise and guarantee the community that SXP will never be swapped for any another token and never be replaced by BNB. Answer: Yes, this will never occur and SXP will always be its own asset.I still want to know why Swipe is not available in the Philippines. Are there regulations prohibiting it from being used here? Are there any plans to allow users in PH to use Swipe? Answer: The Philippines has very strict crypto laws. Anyone operating there must have a Virtual Currency Exchange License if they operate a custodial solution. Swipe has been working on this for over a year now with the best law firm in Philippines for this license. We are almost over the finish line, and once there, we can release the products there.Why not make cards metal instead of plastic?Answer: This is planned for the future. It was just faster to go-to-market with plastics at first.Any cash back boost in future?Answer: Yes we have a plan for this.Do you plan to become a cryptobank like Kraken?Answer: Yes, we plan to do this in the mid-term/long-term and it’s already in the works.What is your function inside the Binance company atm and in the future? Answer: Being part of the Binance family is amazing. We get access to all of the tools and resources they have to continuing building Swipe. I personally also run the Binance Card project which is powered by SXP. So the more that project grows the more SXP is burned and overall supports the deflationary ecosystem.Will we be able to yield farm venus with sxp, and will it be a stable coin?Answer: Lets see if people are reading the AMA in detail and see this Easter egg. Yes you can and yes there will be a stable coin.Are there plans to also use our swipe cards directly through Binance instead of only the swipe wallet?Answer: YesCan you please confirm if Swipe is actually issuing Sky Blue cards in the UK?Answer: Please have them check their emails, we are not currently sending Sky or Steel cards as they are not manufactured yet. We are sending temporary Saffron and Slate cards but with Sky and Steel benefits. This is just aesthetic and you will get a free replacement once ready.About governance. How can you prevent someone with 300k SXP or more to propose and then make new accounts to vote for his own proposal? Like in a scenario If he owns 51% of the tokens.Answer: If a single entity owns over 51% of the circulating supply the protocol is prone to attacks as it is with any governance based system. We have a freeze key that we can use as Swipe to prevent anything from happening maliciously, but this key will soon become burned and controlled by a DAO in the near future.I’ve just paid for a Pizza and Iced Tea with SXP through my Swipe Card, how delighted are you about being global?Answer: I love adoption. That’s why I am here. I believe crypto should change finance permanently and first pain point is commerce.What are the chances of burning he next founder tokens? Can we use the swipe governance to make you burn maybe half of the next 10m founder coins?Answer: You can make any Swipe Governance proposal, but make sure you have valid reasons why you want to do that.Some countries like the US may view spending crypto as a taxable event resulting in adverse tax consequences. Making it optional (fiat or crypto) what to spend via the card could solve this issue. Will you consider this?Answer: Already have something in the works for this and it’s almost ready.What is the ongoing marketing plan for Swipe? It was great to see some of the banner ads on CMC, are we likely to see more of that in the near future?Answer: We are working not his as CDC has some long term contracts with CMC before Binance acquired it. Once this is done you will see some more ads on Swipe in the near future.Are there any plans or discussion on being able to purchase stablecoins USDC or USDT to make card purchases?Answer: YesWhat are your plans on increasing the quality and speed of your customer support that is needed for a project with a scope like Swipe?Answer: We are growing much faster than we have support staff for. Swipe is taking steps to scale this by hiring and training new support staff and should have it back at a good medium soon.Could you break down the fee structure that Binance pays SXP?Answer: Yes, its all public: https://swipe.io/issuing (Swipe Issuing Premium)Any plans to cooperate with Ledger and add option to stake SXP directly in Ledger live?Answer: Wasn’t in the roadmap, but since you raised this point, we will look into it.Do you have any plans in place to see that Swipe card reach global users?Answer: Yes this is actively being worked on simultaneously in every region.Would you consider issuing 1 same universal card that has access to all perk levels (automatically up-/downgraded based on the SXP stake level) instead of making it a conscious choice for the user? hat way different colors will just be a cosmetical choice. Ultimately, with such a flexible card, you’ll lower the entry-barrier and improve conversion.You implemented that for the Binance Card so I believe it should be possible to do for Swipe itself, right?Answer: Yes this was my plan for Binance Card. I dont think we need so many colors but we could gameify the experience by making levels. I piloted it in the Binance Card project and it seems to work well. A little too late for Swipe to go back to do that now, but we will make some adjustments to this in the future. What I think would be productive is one metal card that perks go up and down depending on your level.Why didnt Binance release their card as something like “ powered by Swipe”?Answer: Please go check again. Its all over the website, FAQ, and even on the physical card.Will you propose the generation of a temporary card to pay without giving the main card?Answer: We are contemplating this feature to give more upfront value for Cardholders.Latest move of Binance card launch seems indicating $SXP is sacrificed for $BNB. Public see $SXP value/utility was taken and diverted into $BNB. What’s your take on this opinion?Answer: I would disagree with this point. There are 31m SXP locked in staking whereas there were only approximately 1.5m SXP staked for cards.A vast majority of Swipe Cards are Saffron based. The card lock-up mechanism is not a strong sell point anymore, hence why the BNB one is just balance based. SXP is much more useful for on-chain staking than off-chain card lock-ups and the data speaks for that assertion.Have you thought about the ability to buy a piece of stocks (apple, amazon, etc) by using swipe wallet?Answer: We are working on this feature as we speak and hope to have it live by early next year.Have you thought about the ability to buy a piece of stocks (apple, amazon, etc) by using swipe wallet?Answer: Swipe is always hiring. Email: careers@swipe.ioWe will probably not have debit cards in 10 years time. What is swipe’s plan for cardless future?Answer: Biometric based blockchain payments.Can swipe accomplish zero gas fee feature?Answer: Yes! And we have done so. No more withdrawal or deposit fees.What happens after staking for the card ends? Do you need to restake to keep the perks on the card?Answer: You need to keep SXP staked in order to receive the on-going benefit.Since Binance and Swipe are closely related, might it be possible in the future to get the Binance branded Swipe card but to stake SXP instead of BNB (and of course get the regular Swipe staking benefits instead instead)? I guess I prefer the Binance branding but would prefer to stake SXP over BNB. Would be nice to have the choice between the two available options/benefit systems.Answer: We are working on something to benefit both cardholders and token holders on the same platform. More info on this to be released soon.Can we expect localised user experience for the mobile app?Answer: Yes, this is already in the works and we are adding more languages.I want to think like Jeff Bezos. Being the best means expecting the worst every day and be prepared. How could Swipe ever fail? How could SXP price go to 0? What would happen if you JL — god forbid — get so sick you cannot work anymore? In the line of succession CZ would appoint an interim CEO? What would happen to Swipe if you both together (famous plane crash incidents, Kennedy and co.) experience a tragedy that would make you incapable? I know my questions sound bearish, but that’s only because I’m mega bullish in fact about SwipeAnswer: Great question, and one that a CEO needs to be prepared for. SXP price would never go to 0 as there will always be an ecosystem of value which is partially decentralized and doesn’t rely on central control. So unless blockchain systems become non-existent, SXP won’t go to 0. Swipe is pretty self-sufficient at this point and I am working to hire more senior executives to take over the day-to-days. So with or without me the vision is in stone for the team to carry and a huge backing of Binance as a support base.Regarding Evolve Bank partnership: Where are we going with this? What products will you incorporate? As a US resident, am anxiously waiting for more crypto adoption.Answer: Crypto-Funded Checking accounts that can be digitally opened by your phone without a credit check and without caring what you’re income is and financial status. We want to help bring a higher level of banking with a lower barrier of entry and using crypto to bootstrap it. From a high level: Cards and a Digital Checking account are planning to come this year.How do you provide liquidity, and what liquidity providers are you already working with?Answer: Our platform sources liquidity from Binance, Bittrex, and CoinbaseThat’s all folks for now. Make sure to turn on post notifications on all of Swipe’s social media channels for tons of updates next week.Thank you,JLSwipe Reddit AMA — 9/25 was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 09. 25

Swipe Issuing Premium & Bin...

Swipe Issuing Premium & Binance Visa Cards — SXP Fee BurnsThe Binance Visa Card utilizes the Swipe Issuing Platform to manage, issue, and utilize our real-time authorization engine to make converting and spending cryptocurrencies seamless at over 60 million locations worldwide. Binance leverages the Swipe Issuing Premium package where they have staked 300,000 SXP and in turn receive lower merchant processing fees that they pay in order to use the program.Starting today, every 00:00 UTC, Swipe will be utilizing the Swipe Network deflationary mechanism to take up to 30% of the SXP earned from the program and destroying those SXP on-chain daily. This is a variable figure as there will be costs associated from the program that Swipe will need to endure and is dynamic on different scenarios. All future Swipe Issuing and Business-to-Business clients paying in SXP will have the same mechanism and ratio applied.This is not to be mistaken for the Swipe Network on-chain protocol that destroys 80% SXP for on-chain products for consumer products. Since we have removed fees from our Wallet and Card, this mechanism is not active for those two specific products. However, this mechanism will exist for other products that we are releasing in the near future.Swipe and the team believe in the deflationary mechanism as it creates scarcity of a reduced total supply digital asset. I, personally, have destroyed 10,000,000 units of Founder allocated SXP, to show how I believe in the overall ecosystem and product line. This mechanism being applied to Swipe Issuing and our b2b products will further support Swipe’s belief in the programs.Users can keep track of the Swipe Network Deflationary Mechanism from this address: https://etherscan.io/token/0x8ce9137d39326ad0cd6491fb5cc0cba0e089b6a9?a=0x0000000000000000000000000000000000000000Thank you, JLStay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe Issuing Premium & Binance Visa Cards — SXP Fee Burns was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 09. 18

Swipe Bi-Weekly Update #7

Swipe is taking its mission to bring cryptocurrencies to mass adoption seriously as it started the month of September with adding more supported cryptocurrencies on its mobile application, integration of on-demand gift cards, and also the inclusion of SXP on Travala.com as a mode of payment.Here are Swipe’s activities and announcements since the start of September:Use SXP Directly on TravalaSwipe Token ($SXP) holders can now use directly on Travala.com when making travel bookings on their website or mobile application. Travala is one of the world’s leading blockchain-based travel booking platforms and has existing partnerships with Agoda and Expedia, making it easier for users to book their preferred hotel or accommodation in millions of locations worldwide.SXP on SRM Dex & UpbitSXP is now listed on Solana-based Serum (SRM) DEX. Traders can now start adding SXP/USDT and SXP/USDC on their portfolios. SXP is also now listed in Upbit with SXP/KRW pairs open for trading.Swipe Governance TestnetThe Swipe Governance Testnet is now live and can be found on the testnet UI. Proposals are 300,000 $SXP, which can be delegated & pooled by others to total the 300,000 $SXP. To vote, 1 $SXP required and weight is based on your balance at the time the proposal was launched.On-Demand Gift Cards Now LiveOn-Demand Gift Cards are now live under the “Gifts” tab bar menu on the Swipe Wallet App. The on-demand Gift Cards are powered by over 30 cryptocurrencies available in the Swipe Wallet mobile app. Users will be able to buy gift cards from over 100 global retailers directly in the app — with up to 10% cashback.#GotSwipe CampaignSwipe has announced the 20 winners of the #GotSwipe campaign contest! Winners, who all shared a photo of their actual Swipe Visa cards, received 500 $SXP each on their SXP addresses.The team has also announced the second round of the campaign wherein 10 lucky participants will win 500 SXP each by simply following these steps:Share a photo/video of your actual Swipe Card in actionUse the #GotSwipe hashtagFollow @SwipeWallet on TwitterSwipe Coin ListingsIn continuing its promise to provide its users a more convenient way of buying, selling, and spending crypto easily, Swipe has been actively adding its supported cryptocurrencies for the past couple of weeks. Cryptocurrencies that are recently integrated into the Swipe wallet app are Serum ($SRM), Solana ($SOL), Polkadot ($DOT), Aave (($LEND), Algorand ($ALGO), Omisego ($OMG), MakerDAO ($MKR), Yearn Finance (($YFI), Hashgraph ($HBAR), Pax Gold ($PAXG), and NEM ($XEM).Swipe users can now buy and sell these cryptocurrencies with their linked bank or cards, spend to fiat using Swipe Visa card, and swap instantly with all the coins available on the app.Swipe GovernanceAs the Swipe team prepares the deployment of the Swipe Governance smart-contracts to mainnet, it’s important to note some high-level details about the protocol can be found at https://docs.swipe.org/introduction/governanceStake on Swipe Network with Trust Wallet, Ledger Hardware Wallets & Metamask$SXP users can now utilize Trust Wallet to stake on the Swipe Network via Wallet Connect. To learn on how to access this feature, follow our step-by-step guide here: https://docs.swipe.org/trust-walletUsers can now also utilize their Ledger hardware wallets to stake on the Swipe Network using Metamask. Learn how to access this feature by following our step-by-step guide below: https://docs.swipe.org/ledgerStay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe Bi-Weekly Update #7 was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 09. 15

Finding Stability in Crypto...

It is a well-known fact that cryptocurrency value tends to suffer from high volatility, which is why crypto users and investors want to protect themselves from the volatility associated with these digital assets as much as possible.However, all forms of money (virtual or fiat) are subjected to value fluctuations depending on the market movement, demand and supply, and other factors that might affect its prices. This is the reason why people are looking for alternative solutions to balance cryptocurrency and fiat money. People want to obtain currency with a spending power of fiat money but with the technology of cryptocurrency.The Concept Behind StablecoinsStablecoins, as the name suggests, are a type of cryptocurrency designed to have a stable value to avoid the high volatility of the usual cryptocurrencies. The stability in the prices is commonly achieved by having reserved assets to back these coins. These can be through collateralizing fiat and other assets such as gold or oil, other kinds of crypto, and non-collateralized stablecoins. Although the type collateral is different from one stablecoin to another, its main purpose is to be almost resistant to market volatility, and not experience any abrupt price changes.Stablecoins is designed to ensure its price stability against its regular crypto counterparts. The price stability of stablecoins will ensure fewer risks in investing, spending, and borrowing transactions, something that some crypto users are afraid of. Stablecoin holders can get both the price stability that they want while utilizing the low-cost, secured, and blockchain-powered technology of cryptocurrencies.Types of StablecoinsFiat or commodity-backed stablecoins are usually pegged to have the same value as its collateralized assets. For instance, if there is $10,000 USD worth of stablecoins available in the market, there should also be at least the same amount of USD or gold stored somewhere.In the case of crypto-backed stablecoins, other cryptocurrencies serve as the collateral for the stablecoins. Since cryptocurrencies are inherently volatile, stablecoins that use it as reserve over-collateralize it to reduce the price instability risks of common cryptocurrencies. A $200 worth of cryptocurrency should be kept as a reserve to secure a $100 worth of stablecoins. This will ensure the price stability of a stablecoin should it suffer any unforeseen price drop. Compared to a fiat or commodity-backed up stablecoins, crypto-backed stablecoins enjoys the fast and advanced technology that blockchain technology offers, making it more decentralized.The third type of stablecoins is the non-collateralized or algorithmic stablecoins. This type of stablecoins is not backed by any fiat, commodity, or cryptocurrency. Instead, they heavily rely on the algorithms and smart contracts that manage the stablecoin supply. If the price increases, new coins are created to reduce the value of the stablecoin. On the other hand, if it decreases, the algorithmic system will reduce the supply to retain its original intended price.Should We Own One?Stablecoins opened the possibility for easier real-world usage of crypto. As it is pegged to have a more stable and constant price than the usual high volatile crypto in the market, it can now be easier to widespread its exchange in daily payment processing, remittances, and securing loans.With their almost consistent pricing, they can go well side by side with the fiat currencies, or even better as it has the technology, affordability, and transparency aspects that a regular cryptocurrency offers through blockchain technology.Swipe believes in the potential and convenience brought by both regular cryptocurrencies and stablecoins, which is why its mobile wallet application currently supports a couple of stablecoin assets such as Binance USD ($BUSD), Paxos Standard (PAX) and Wrapped Bitcoin ($WBTC). Swipe users can buy and sell these stablecoins with linked banks or cards, spend it to fiat via Swipe Visa card, and instant exchange with the other supported coins within the Swipe wallet mobile application.Though relatively new, stablecoins has the potential to play an important role in integrating cryptocurrencies to day by day transactions. With a premise of more consistent pricing, it is very likely that this will be seen as a way to further push the mass adoption of cryptocurrencies in the market.Finding Stability in Crypto: What are Stablecoins? was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 09. 11

Beginner’s Guide to ERC-20 ...

We have talked about the basics of Ethereum in one of our previous blog posts. The team mentioned before that the Ethereum blockchain introduced an open-source platform that developers can use for any type of decentralized applications (Dapps). This ability to program smart contracts within the network is what sets Ethereum apart from any blockchain network.Smart contracts is a digital protocol intended to emulate traditional contracts but more on permitting digital transactions and agreements between two parties in a blockchain. Smart contracts built on the Ethereum network need no third parties or middlemen, making it more efficient and less prone to conflicts. Smart contracts are used to create ERC-20 tokens.In this blog post, we will have a quick discussion about ERC-20, the standard behind token creation on the Ethereum platform.What is ERC-20?Created by Ethereum co-founder Vitalik Buterin and Fabian Vogelsteller in 2015, ERC-20 aims to have a standard interface for tokens on the Ethereum to be used by other applications. ERC-20 or Ethereum Request for Comments is a technical standard used for Ethereum smart contract token implementation and is the standard of Ethereum-based cryptocurrencies.As of today, more than 200,000 ERC-20 tokens are running on the Ethereum blockchain. Compared to the other cryptocurrencies in the market today, an ERC-20 created token doesn’t have its own blockchain since it heavily relies on the Ethereum blockchain.Creating an ERC-20 token has to has six mandatory functions that should be implemented to function properly, namely, balanceOf, totalSupply, transfer, transferFrom, approve, and allowance. In general, these functions define the functionality of the tokens such as total supply and transfer, receipt, and access methods. Additional optional functions for ERC-20 tokens are the token name, symbol, and how many decimals it supports.These sets of functions ensure that the ERC-20 created tokens are all compatible with the existing tokens on the Ethereum platform and are not needed for any modifications if a new token on Ethereum is created. Since ERC-20 tokens are built on the Ethereum blockchain, they can also be exchanged on the same platform. Users can store their ERC-20 tokes on Ethereum wallets and also have it exchanged with other Ethereum wallets.Some of the mostly-used cryptocurrencies use the ERC-20 protocol such as Swipe Tokens (SXP), Compound (COMP), Paxos Standard (PAX), BandToken (BAND), Decentraland (MANA) and etc.Beginner’s Guide to ERC-20 Tokens was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 09. 08

August 2020 Updates

August has been a rewarding month for the Swipe team as it successfully launched and introduce multiple programs, partnerships, and new product announcements. These updates made the Swipe, and even the crypto community, to look forward to the upcoming plans that the team has in store.Swipe Staking & DeFiWith the launch of the Swipe Network testnet, Swipe users can now use the Swipe Faucet to grab testnet-SXP to use on the decentralized finance application. Users will be able to bond SXP to the Swipe Network smart contract as collateral to ensure the guarantee of conversions for these exchanges.A reserve system in place to lock SXP and guarantee that the merchant and payment networks receive the exact fiat amount is in place as Swipe facilitates real-time conversions on-demand. Users will receive up 12% APY on their staked SXP within the Swipe Network off-chain and a variable rate for on-chain.Also, as Swipe prepares to launch the Swipe Network Staking mainnet, the Swipe Wallet application will support SXP staking. Users will enjoy staking rewards based on their SXP balances held on the Swipe Wallet beginning last August 23rd.Details of the staking can be viewed at https://medium.com/swipe/swipe-wallet-to-support-sxp-staking-acfab4589813At the same time, Swipe announced its plans to launch a Decentralized Finance Lending/Earn application on Binance Smart Chain. Called SwipeFi, it will enable Binance Chain tokens to be used to earn interest on their supply of collateral to the protocol and borrow against their collateral directly on the Binance blockchain.Swipe x WBTCSwipe has partnered with WBTC Network and is now officially a merchant for WBTC minting through the WBTC Network’s DAO Governance process. Swipe has also listed $WBTC on the Swipe Wallet platform and Swipe Visa Card to enable users to buy, sell, exchange, and spend WBTC at over 60 million merchants worldwide.SXP ListingsSwipe Token ($SXP), the native token of Swipe, is now listed on its second Indian Exchange, CoinDCX. Trading for $SXP token is now live for CoinDCX users who wish to trade SXP/BTC and SXP/USDT.SXP is also added to Korea’s top exchanges Coinone and Upbit. Traders using these platforms can now exchange with $SXP/KRW pairs for Coineone and $SXP/BTC pairs for Upbit.The Swipe Product ManualSwipe released its new redefined whitepaper titled Swipe Product Manual. It was designed with simplicity in mind for easy and coherent descriptions of the Swipe ecosystem of products. This will describe all of Swipe’s current and future products that the team has planned.The Swipe Product Manual can be viewed by clicking here or by going to https://sw.pe/ProductManual or downloading https://swipe.io/ProductManual.pdf to your desktop.0% FeesSwipe users can now enjoy 0% fees on crypto purchases, selling, and conversion to and from fiat currencies, as Swipe announced the removal of its 1% fee. On top of this announcement, Swipe cardholders will also enjoy waived membership fees and free card shipping.Swipe AMAFor Swipe’s second AMA event, Swipe CEO Joselito Lizarondo answered the questions from the Reddit community regarding Swipe’s activities and plans for the future. In his first blog post, Lizarondo talked about the new partnership programs of Swipe, its newly released “Product Manual,” and the new roadmap, which will be kept in stealth “to focus on bringing maximum value to these announcements and products.”Read the whole transcript of Joselito Lizarondo’s AMA here: https://medium.com/swipe/swipe-reddit-ama-8-13-80690e2f6589Swipe, Kava PartnershipSwipe has formed a strategic partnership with Kava Labs to further grow the USDX DeFi Ecosystem as Swipe prepares to bring decentralized finance applications to the Binance Smart Chain. Swipe has also listed $KAVA and $USDX on the Swipe Wallet platform where users can buy and sell both of these coins with a linked bank account or credit/debit card, enabling it to be converted and spent at over 60 million merchants worldwide with the Swipe Visa Card.Swipe’s Chainlink Based Price Oracles Now LiveSwipe has collaborated with Chainlink to launch a live SXP-USD price oracle on the Ethereum mainnet. Users will receive stronger guarantees around trust and transparency in the payments process, as critical price feeds for the network are now completely decentralized and available to monitor on the blockchain by switching to Chainlink.This ensures that reward issuances and token burns only take place based on accurate, highly available, and tamper-proof on-chain prices that have no single point of failure or absolute truth. Users can independently verify the current price, how price updates occur, which nodes are providing data to the network, and more.Swipe Lists & Partners with Band ProtocolSwipe has recently formed a strategic partnership with Band Protocol for the implementation of Band Protocol’s secure and scalable oracles on the launch of SwipeFi, the money market protocol coming soon to Binance Smart Chain.Both teams have been working to integrate a custom oracle script on BandChain for a more cost-effective and refined SXP-USD price oracle that will improve the existing oracle design that only updates once every 24 hours or per 1% price deviation. By using BandChain, SwipeFi developers can create fine-tuned custom decentralized oracles that specify any external data source to connect to, aggregation methods and update parameters. This means that SwipeFi will no longer be limited to by predetermined datasets or delayed data arising from the limitations of particular blockchain networks such as congestion that stalled Ethereum-based oracle feeds for almost six hours.Swipe has also listed $BAND on the Swipe Wallet and Swipe Visa card platform so users can buy, sell, convert and spend BAND at over 60 million merchants worldwide.Swipe Mobile App UpdatesThe Swipe team has released two updates for its mobile application. On version v1.506 of the application, the team has updated the credit/debit purchase module and 3ds, iOS live chat, card order results failover module, and the iOS 14.0 compatibility version. The team has also fixed the All button issue, card rewards and percentage issue, and crash issues. The fees in exchange and credit/debit purchases were also removed in this update.The team later has also released the v1.507 update to fix SMS issues on registration and server upgrade.All New Swipe CardsSwipe released a new addition to its existing card lineup last August. Adding to the list of Swipe cards are the Swipe Sky and Swipe Steel.Swipe Sky, a blue-colored Visa card, offers 2% cashback on all purchases, dual-Interface NFC/EMV card, ATM cash access, 300 SXP stake required for six months, and rewards & benefits program. Swipe Steel, on the other hand, offers 4% cashback on all purchases, dual-interface NFC/EMV card, ATM cash access, 3,000 SXP stake required for six months, rewards & benefits program, and no foreign transaction fees.Alongside with these new cards, Swipe also announced that Visa card orders are now completely free to their users. This means free card orders, shipping, and also no annual/monthly fees and transaction fees.Order Swipe Card here: sw.pe/CardSwipe Widget Beta ProgramSwipe is calling all developers who want to integrate a seamless non-custodial crypto on-ramp service for their clients. With Swipe Widget Beta Program, customers can seamlessly verify, pay, and receive coins within five minutes without leaving the platform. It can also easily enable over 30 cryptocurrencies to be purchased with bank accounts, credit cards, and more.Email: pay@swipe.io to join the beta todaySwipe Now in the USAThe Swipe Wallet app is now open to all United Stated users except for New York State residents. Verified USA users can now buy & sell over 30 Cryptocurrencies commission-free today.As Swipe enters the US market, it also announced its partnership with Evolve Bank & Trust for its crypto-funded USD checking accounts and debit cards.Swipe will be introducing US Dollar Checking Accounts for users within the United States that will be held at Evolve Bank & Trust and accessible via the Swipe Wallet Mobile Application.Users will be able to deposit their direct deposit paychecks into this account and access it via the mobile app. The accounts provided by Evolve Bank & Trust will include FDIC insurance up to applicable limits. Users will be able to use these accounts to purchase and sell supported cryptocurrency on-demand with access to ACH and wire payment networks.Swipe Integrates On-demand Gift CardSwipe announced the integration of on-demand gift cards powered by over 30 cryptocurrencies. Users will be able to buy gift cards from over 100 global retailers directly in the Swipe Wallet app with up to 10% cashback.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletAugust 2020 Updates was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 09. 01

Swipe is launching Crypto f...

Swipe Checking Accounts & Debit Cards are launching in Q4 2020Swipe is excited to announce its latest partnership with Evolve Bank & Trust as it enters the US market. Swipe will be introducing US Dollar Checking Accounts for users within the United States that will be held at Evolve Bank & Trust and accessible via the Swipe Wallet Mobile Application. Users will be able to deposit their direct deposit paychecks into this account and access it via the mobile app. The accounts provided by Evolve Bank & Trust will include FDIC insurance up to applicable limits. Swipe is constantly growing its product line and adding features to give users a one-stop-shop that is compliant and secure. Users will be able to use these accounts to purchase and sell supported cryptocurrency on-demand with access to ACH and wire payment networks.Joselito Lizarondo, Swipe CEO, stated, “Partnering with Evolve Bank & Trust gives Swipe the ability to offer a simplified banking experience while utilizing the user-friendly Swipe Wallet application. Users will have access to the same checking account features most brick-and-mortar banks provide, but without any fees. We are excited to launch innovative products that make the entire banking experience seamless.”Swipe aims to provide the USD Accounts within the fourth quarter of 2020, which include Swipe Debit Cards, that may be directly accessed through the Swipe mobile applications.About Evolve Bank & TrustFounded in 1925, Evolve Bank & Trust is a best-in-class financial institution offering specialized services in Payment Processing Solutions, Banking, Mortgage, SBA Lending and Trust. Evolve is recognized as a global leader in the Payment Processing Industry delivering ACH, Debit/Credit Sponsorship, Card Issuance and unique technology strategies to clients around the world. Headquartered in Memphis, TN — Evolve operates retail branches throughout the Mid-South and mortgage production offices nationwide. Evolve has been voted a “Top Workplace” five years in a row and has been named in Inc. Magazine’s 5000 List of the fastest-growing companies.About SwipeSwipe is a multi-asset digital wallet and debit card platform designed to let users buy, sell, spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom, United States, Singapore, and Canada. The Swipe platform enables users to spend cryptocurrencies in real-time without having to convert the transactions prior manually. Users can also buy/sell cryptocurrencies with their linked bank accounts globally. Swipe is also utilized for decentralized finance applications that are available directly on the blockchain. For more information, visit www.swipe.ioSwipe is launching Crypto funded USD Checking Accounts and Debit Cards was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 31

Swipe Lists & Partners with...

Swipe is thrilled to announce that it has formed a strategic partnership with Band Protocol for the implementation of Band Protocol’s secure and scalable oracles on the launch of SwipeFi, the money market protocol coming soon to Binance Smart Chain. Additionally, both teams have been working to integrate a custom oracle script on BandChain for a more cost-effective and refined SXP-USD price oracle that will improve the existing oracle design that only updates once every 24 hours or per 1% price deviation.Swipe has also listed BAND on the Swipe Wallet and Swipe Visa Card Platform so users can buy, sell, convert and spend BAND at over 60 million merchants worldwide.SwipeFi is the first proposed multi-asset money market protocol to be launched on Binance Smart Chain which will include stablecoins and various cryptocurrencies. Since collateral pledged and borrowed will have fiat value and be part of the liquidation and credit ratios, Swipe will require accurate and real-time price feeds that will be compatible with Binance Smart Chain without exorbitant costs or technical requirements for cross-chain compatibility.Using BandChain, an independent blockchain built specifically for oracle computations, SwipeFi developers can create fine-tuned custom decentralized oracles that specify any external data source to connect to, aggregation methods and update parameters. This means that SwipeFi will no longer be limited to by predetermined datasets or delayed data arising from the limitations of particular blockchain networks such as a congestion that stalled Ethereum-based oracle feeds for almost 6 hours. Through our strategic partnership with Band Protocol, Swipe will utilize the Band oracles to exhaustively support all the price feeds (BTC, ETH, BNB, SXP, BUSD, TUSD) required to accurately price and secure collateral assets for SwipeFi to be a truly scalable application on Binance Smart Chain.Joselito Lizarondo, Swipe CEO, stated, “We are excited to work with Band Protocol to support all of our oracle needs for SwipeFi which achieves our priorities of scalability, accuracy, and security of data. Through Band Protocol’s customizable oracle technology, we will utilize numerous data providers so there never is a central point of failure and we are thrilled to add the Band Price Oracles to our ecosystem.”Soravis Srinawakoon, Band Protocol CEO & Co-Founder said, “Band Protocol is thrilled to support SwipeFi with highly decentralized oracle technology upon their launch. This will ensure that collateral, liquidation and credit ratio protocols consume data from multiple high-quality data sources in a decentralized manner that provides the highest level of security guarantee.”More details surrounding this partnership will be announced shortly along with the implementation of our custom oracle for SXP-USD built on Band Protocol. Users can now deposit BAND on the Swipe Wallet platform as well as buy and sell it with their linked bank accounts and credit cards.About SwipeSwipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell, and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom, United States, Singapore, and Canada. The Swipe platform enables users to spend cryptocurrencies in real-time without having to convert the transactions prior manually. Users can also buy/sell cryptocurrencies with their linked bank accounts globally. For more information, visit www.swipe.ioAbout Band ProtocolBand Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.Website | Whitepaper | Telegram | Medium | Twitter | Reddit | GithubSwipe Lists & Partners with Band Protocol for Scalable Oracles on SwipeFi Launch was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 20

Swipe Bi-Weekly Update #6

Swipe opened the month of August with the launch of its Swipe Network Staking and its announcement to run a Decentralized Finance Lending/Earn application on Binance Smart Chain. This was also followed by the plan to release product updates, events, listings, or partnerships every week until the end of 2020.Bringing their promise and commitment true to the public, here are the activities that Swipe has released for the past two weeks:Swipe Launches Staking/DeFiSwipe has recently launched its test network for Swipe Network Testnet Staking and, at the same time, announced its plans to launch a Decentralized Finance Lending/Earn application on Binance Smart Chain.With the launch of the Swipe Network testnet, users can use the Swipe Faucet to grab testnet-SXP to use on the decentralized finance application. Users will be able to bond SXP to the Swipe Network smart contract as collateral to ensure the guarantee of conversions for these exchanges. A reserve system in place to lock SXP and guarantee that the merchant and payment networks receive the exact fiat amount is in place as Swipe facilitates real-time conversions on-demand.Users will receive up 12% APY on their staked SXP within the Swipe Network off-chain and a variable rate for on-chain. Swipe plans to enable staked SXP to earn the processing fees it charges in the future as well on top of the collateral rewards from staking.Also, Swipe revealed its plans to launch a DeFi App on Binance Chain called SwipeFi, which will enable Binance Chain tokens to be used to earn interest on their supply of collateral to the protocol and borrow against their collateral directly on the Binance blockchain.Swipe (SXP) Trading CompetitionLast August 5 to 12, Swipe and Binance team have both committed a total of 100,000 SXP and 50,000 USDT in prizes to thank its users worldwide for their continued support and to also celebrate the Swipe acquisition and SXP/USDT listing in Futures, Margin and Spot markets. The contest was divided into three categories: a new user exclusive rewards, a trading competition, and the Lucky 99, which awarded users ranked 99th, 199th, 299th, 399th, and so forth until the 9999th place of the top 10,000 SXP traders based on their trading volume.Swipe x WBTCSwipe has partnered with WBTC Network and has officially been approved as a merchant for WBTC minting through the WBTC Network’s DAO Governance process. Swipe Wallet users will be able to benefit from instantly wrapping Bitcoin BTC to Wrapped Bitcoin (WBTC) and vice versa with just a few clicks. Swipe has also listed WBTC on the Swipe Wallet platform and Swipe Visa Card to enable users to buy, sell, exchange, and spend WBTC at over 60 million merchants worldwide.SXP on CoinDCXSXP, the native token of Swipe, is now listed and live on its second Indian Exchange CoinDCX. Trading for $SXP token is now live for CoinDCX users who wish to trade SXP/BTC and SXP/USDT.CoinDCX trading links for SXP:https://coindcx.com/trade/SXPBTC & https://coindcx.com/trade/SXPUSDTWazirx AMA SessionSwipe Chief Executive Officer (CEO) Joselito Lizarondo, held an AMA session with the Telegram community of Wazirx, a bitcoin exchange in India, last August 7. In the AMA session, Lizarondo answered questions about Swipe, Swipe Card, its new partnership with Binance, and the recent projects that the company has announced. The community also asked if Swipe is planning to bring its card services to India as it is one of the biggest crypto market countries at present.To read the whole summary of the AMA visit:https://blog.wazirx.com/ama-with-joselito-lizarondo-ceo-founder-of-swipe-summary/New Swipe Product ManualSwipe has released a new “redefined” white paper under the title: Swipe Product Manual. The Swipe Product Manual was designed with simplicity in mind for easy and coherent descriptions of the Swipe ecosystem of products. This will describe all of Swipe’s current and future products that the team has planned. Technical descriptions and documentation will be made available, as required, per protocol, as some will have API access for developers.The Swipe Product Manual can be viewed by clicking here or by going to https://sw.pe/ProductManual or downloading https://swipe.io/ProductManual.pdf to your desktop.Swipe 0% FeesStarting Monday, August 17, Swipe Wallet and Swipe Card users will no longer have to pay any fees to buy, sell, and pay with crypto. Users can now purchase, sell, and convert cryptocurrencies to and from fiat currencies without the previous 1% fee. Swipe cardholders will also enjoy waived membership fees and free card shipping.Swipe StakingAs Swipe prepares to launch the Swipe Network Staking mainnet, the Swipe Wallet application will support SXP staking. Users will enjoy staking rewards based on their SXP balances that are held on the Swipe Wallet beginning on August 23, 00:00 UTC.More details of the staking can be viewed at:https://medium.com/swipe/swipe-wallet-to-support-sxp-staking-acfab4589813Swipe Reddit AMAIn his first blog post on Medium, Swipe CEO Joselito Lizarondo answered the questions that the Reddit community asked regarding Swipe’s activities and plans for the future. He talked about the new partnership programs of Swipe, its newly released “Product Manual,” and the new roadmap, which will be kept in stealth “to focus on bringing maximum value to these announcements and products.”Read the whole transcript of Joselito Lizarondo’s AMA here:https://medium.com/swipe/swipe-reddit-ama-8-13-80690e2f6589Swipe and Kava PartnershipSwipe has formed a strategic partnership with Kava Labs to further grow the USDX DeFi Ecosystem as Swipe prepares to bring decentralized finance applications to the Binance Smart Chain. Swipe has also listed KAVA and USDX on the Swipe Wallet platform where users can buy and sell KAVA and USDX with a linked bank account or credit/debit card as well as enabled it to be converted and spent at over 60 million merchants worldwide with the Swipe Visa Card.$16M+ Ecosystem Rewards Program for BNB Holders on BinanceSwipe is launching a 12-week-period $16,000,000 Ecosystem Rewards Program for BNB holders, starting August 17. This program aims to continue to promote the usage of Swipe products, including the Swipe Network Staking and Governance within a strong community. With Swipe’s partnership with Binance, a weekly distribution of 333,333.33 SXP will run to BNB holders on Binance.com.Know more about the Rewards Program here:https://medium.com/swipe/swipe-launches-16m-ecosystem-rewards-program-for-bnb-holders-on-binance-e79ffc9dc252Swipe’s Chainlink Based Price Oracles Now LiveSwipe has collaborated with Chainlink, the market-leading decentralized oracle network, to launch a live SXP-USD price oracle on the Ethereum mainnet. By switching to Chainlink, users receive stronger guarantees around trust and transparency in the payments process, as critical price feeds for the network are now completely decentralized and available to monitor on the blockchain.This decentralized infrastructure ensures that reward issuances and token burns only take place based on accurate, highly available, and tamper-proof on-chain prices that have no single point of failure or absolute truth. Users can independently verify the current price, how price updates occur, which nodes are providing data to the network, and more. This means users no longer need to rely on Swipe to produce fair conversion rates.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe Bi-Weekly Update #6 was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 18

Swipe‘s Chainlink-Powered P...

Swipe’s Chainlink-Powered Price Oracles are Now Live on MainnetSwipe is thrilled to announce that it has collaborated with Chainlink, the market-leading decentralized oracle network, to launch a live SXP-USD price oracle on the Ethereum mainnet. By switching to Chainlink, users receive stronger guarantees around trust and transparency in the payments process, as critical price feeds for the network are now completely decentralized and available to monitor on the blockchain.The SXP-USD price feed is secured by a decentralized oracle network made up of multiple independent Chainlink oracles (nodes) and data sources. This decentralized infrastructure ensures that reward issuances and token burns only take place based on accurate, highly available, and tamper-proof on-chain prices that have no single point of failure or absolute truth.In addition to having a secure and reliable network, we selected Chainlink because it’s the only proven oracle solution in the market, currently securing over 1B in USD value for many leading DeFi applications. Chainlink’s price data is sourced from high-quality off-chain data aggregators and price updates follow price action, both of which combine to ensure user funds remain secure during volatile and/or erratic market conditions.Accompanying our Chainlink price oracle is an open-source visualization where users can independently verify the current price, how price updates occur, which nodes are providing data to the network, and more. This means users no longer need to rely on Swipe to produce fair conversion rates. We encourage users to check out our Chainlink powered network here.Swipe is excited to further decentralize its operations and will be utilizing the SXP-USD price feed in more decentralized applications it plans to launch in the near future alongside its current mainnet for the Swipe Wallet and Swipe Card.Swipe’s CEO Joselito Lizarondo stated, “We are excited to leverage Chainlink to bring more on-chain transparency to our users, especially when it comes to conversion rates for SXP. With the new Chainlink powered SXP-USD oracle, Swipe users can utilize Swipe Network products without needing to trust Swipe at all, revolutionizing the relationship between users and payment providers.”Head of Chainlink Business Development Daniel Kochis said, “We look forward to helping Swipe reach its next stage of development by providing them with a Chainlink-powered decentralized oracle network to power key functions on its payment platform. The ability to bring more transparency and reliability to backend payment processes allows Swipe users to trust and verify that they are always getting the fair market price.”About SwipeSwipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell, and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom, United States, Singapore, and Canada. The Swipe platform enables users to spend cryptocurrencies in real-time without having to convert the transactions prior manually. Users can also buy/sell cryptocurrencies with their linked bank accounts globally. For more information, visit www.swipe.ioAbout ChainlinkIf you’re a developer and want to quickly get your application connected to Chainlink Price Reference Data, visit the developer documentation and join the technical discussion in Discord. If you want to schedule a call to discuss the integration more in-depth, reach out here.Chainlink is an open-source blockchain abstraction layer for building and running decentralized oracle networks that give your smart contract access to secure and reliable data inputs and outputs. It provides oracles to leading DeFi applications like Synthetix, Aave, and Kyber Network; numerous blockchains such as Ethereum, Polkadot, and Tezos; as well as large enterprises including Google, Oracle, and SWIFT.Website | Twitter | Reddit | YouTube | Telegram | Events | GitHub | Price Feeds | DeFiSwipe‘s Chainlink-Powered Price Oracles are Now Live on Mainnet was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 14

Swipe Launches $16M+ Ecosys...

Swipe is excited to announce that it is launching a $16,000,000 Ecosystem Rewards Program for BNB holders over a 12 week period! Swipe is launching this program to continue to promote the usage of Swipe products including the Swipe Network Staking and Governance within a strong community. With our partnership with Binance, we will run a weekly distribution of 333,333.33 SXP to BNB holders on Binance.com as detailed below:Weekly SXP Distribution to BNB Holders on Binance.comStarting 2020/08/17 00:00 UTC, Binance will begin taking live snapshots of user BNB balances to calculate a weekly average BNB holding amount held on Binance.com.Weekly average BNB holding amounts will be determined as the average of the 7 days.BNB holding distribution will be calculated as follows:333,333.33 SXP rewards received by Binance each week * User BNB holdings ratio.Each User’s BNB holdings ratio = Each User’s BNB holdings / Total User BNB held on Binance.Users must hold a weekly average of at least 0.1 BNB in order to qualify these rewards.SXP rewards are calculated and distributed weekly. Distribution will be completed on Binance.com within 3 days of the end of each weekly period.Please note: The SXP distribution will be from the existing circulating supply and bought from the market, thus this program will not increase any circulating supplies weekly.SXP Distribution TimelineWeek 1: 333,333.33 SXP distribution to BNB holdersBNB Calculation Period: 2020/08/17 00:00 UTC to 2020/08/23 23:59 UTCWeek 2: 333,333.33 SXP distribution to BNB holdersBNB Calculation Period: 2020/08/24 00:00 UTC to 2020/08/31 23:59 UTC……Week 12: 333,333.33 SXP distribution to BNB holdersBNB Calculation Period: 2020/11/02 00:00 UTC to 2020/11/09 23:59 UTCThank you,Swipe TeamSwipe Launches $16M+ Ecosystem Rewards Program for BNB Holders on Binance was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 14

Swipe forms a strategic par...

Swipe forms a strategic partnership with Kava Labs to further grow the USDX DeFi Ecosystem and lists KAVA and USDX!Swipe is thrilled to announce that it has formed a strategic partnership with Kava Labs to further grow the USDX DeFi Ecosystem as Swipe prepares to bring decentralized finance applications to the Binance Smart Chain. Swipe has also listed KAVA and USDX on the Swipe Wallet platform where users can buy and sell KAVA and USDX with a linked bank account or credit/debit card as well as enabled it to be converted and spent at over 60 million merchants worldwide with the Swipe Visa Card.Currently, Kava has launched a lending platform that supports BNB as a collateral asset to provide BNB holders with the biggest yields in the market. BNB holders can stake BNB on Kava CDP platform and draw USDX, Kava’s stablecoin, as well as earning additional minting rewards in protocol. Bringing USDX into the Swipe ecosystem of products will further strengthen the global stablecoin for cross-compatibility between multiple chains. Swipe plans to add USDX as a preferred stablecoin on its product lines, including SwipeFi, a money market protocol coming to Binance Smart Chain.Swipe CEO, Joselito Lizarondo, stated, “We are excited to work with Kava Labs to bring their innovative products into the Swipe product line. Being part of the Binance ecosystem, we know that this strategic partnership will continue to push innovative platforms in the market.”Kava Labs CEO, Brian Kerr has this to say about the partnership, “Swipe is the final piece we needed to make Kava’s USDX the smartest place to put your money for modern investors. Now you can hold USDX stablecoins, enjoy a 4.5% APY and spend it freely anywhere with Swipe Visa Cards. Why would anyone want a bank account now?”About SwipeSwipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell, and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom, United States, Singapore, and Canada. The Swipe platform enables users to spend cryptocurrencies in real-time without having to convert the transactions prior manually. Users can also buy/sell cryptocurrencies with their linked bank accounts globally. For more information, visit www.swipe.ioAbout Kava:Kava is a multi-asset DeFi platform that offers stablecoins, loans, and other financial services for users of major cryptocurrency assets including BTC, XRP, BNB and ATOM to name a few. The Kava platform has two types of tokens, the KAVA token and the USDX stablecoin where the KAVA token is the native token of the Kava blockchain integral in the security, governance, and mechanical functions of the platform. Users can collateralize their crypto assets in exchange for Kava’s stablecoin, USDX. USDX is the highest earning USD denominated account available for modern investors, offering superior yields without additional risk, compared to traditional alternatives like checking and savings accounts that only deliver miniscule returns.Swipe forms a strategic partnership with Kava Labs to further grow the USDX DeFi Ecosystem and… was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 13

Swipe Reddit AMA — 8/13

Welcome to the Swipe AMA where we will be addressing an agenda of items as well as Q&A’s pulled from Reddit. This is my first medium blog post and first reddit AMA that I have participated in. I am looking forward in doing more of these in the future to connect with and hear the community. Let me start with our agenda and then followed by the AMA Q&A’s.Swipe’s New PartnershipI am pleased to announce that Swipe has formed a strategic partnership with Kava. All the details around this can be found here: https://medium.com/@swipewallet/swipe-forms-a-strategic-partnership-with-kava-labs-to-further-grow-the-usdx-defi-ecosystem-and-50a328e51941As previously mentioned, we have many more stealth partnerships and products under the hood which will be released throughout the rest of this year.Product & Feature UpdatesWe released a newly designed white paper dubbed “Product Manual” which went over all of our latest products and updates. For core updates we releasing new card tiers, lower SXP card lock ups for staking, adding on-chain staking and other DeFi products, launching Swipe Savings and Swipe Credit for users to borrow and earn on their crypto holdings, and many more updates. I recommend reading this Product Manual to see all the latest additions.These products should give us an entire ecosystem of products focused on bringing our mission of a one-stop-shop directly on Swipe.New RoadMapThis was posted prior to the 8/1 fiasco, so we will actually no longer make this public in terms of roadmap dates. Please rest assure I am working around the clock to release products faster than my competitors and bring new products not seen before. I need to keep these details in stealth to focus on bringing maximum value to these announcements and products. Trust me when I say this will be more beneficial to all members and participants in the Swipe ecosystem.AMAMy team has compiled a list of questions from the community for me to answer. If we missed your questions, please send us a note in Telegram so that myself or the community can answer it.Any news on North America SXP Cards? Canada or USA?JL: Yes, this is on the roadmap, and we are making big progress on this. We will making some announcements on this topic in the very near futureIs there any intention to enable further card tiers with lower SXP Stake?JL: Yes, this has been done and in the future SXP holders can use the decentralized governance process to lower it further as/if SXP has a different fiat value.Any ETA on releasing Sky and Steel cards? JL: We are waiting manufacturing of these cards to be complete and COVID has still things moving slow. We may enable users to activate those tiers and benefits and receive a temporary orange or black card to use immediately while ew wait for the new cards to be manufactured and then replaced for free. This has not been confirmed yet, but we will let you know soon.Does Swipe have plans to release cards in Asia, specifically Japan?JL: Yes, we are working on this actively in parallel with North America. Japan is a little more tricky as we need local licenses or partnership with a licensed entity. We are working on both fronts to get it there ASAP. We support the Japanese crypto markets, we even added Japanese native translation in the app.What is the team doing to make the functionality of the app to run at top-notch performance?JL: Please bare in mind our project has only been live for a year now and we are working diligently to make improvements and resolve bugs as they are discovered, within in a short period of time, we can ensure you and the public that the app will be glitch free with a smoother user experience. We are actively hiring resources to meet this need.Where on the website will it mention what the 40% of reserves be used for?JL: If you are mentioning the Ecosystem reserves, we plan to create a dedicated page for this to show the transparency of this distribution. It’s a work in progress and we want to bring everything on-chain. For high level purpose, its set aside for staking rewards, marketing promotions, and other community activities.What was the main reason to create SXP Network and how does it come as an idea? JL: The SXP Network was created to bring on-chain transparency to payments and make the process decentralized. This is the best way I can sum it up. There are too many off-chain processes today in crypto-payments and tokenomics. We want to bring it on-chain.Are you going to allow users to staking for cards in countries where the card is not yet available?JL: Yes we may enable it for membership purposes and benefits while we wait for the card to be available. Not confirmed yet but thanks for the suggestion we will consider it thoroughly.I’d like to know if Swipe plans to offer more perks in the future?JL: We are always open to growing as needed. We will keep a close eye on the market and see what else should be added. We are only focused on growth right now, so we if we can add a perk to grab more market share we will.Apart from staking, will the company also share dividends with users owning SXP on the wallet like NEXO does?JL: No we do not as that would be a security. However, we do plan to bring all of our processes on chain, destroy admin keys, and give the protocol over to the SXP community who can reap the benefits of it.Do you have an intention to reduce the withdraw fee to external addresses? JL: Yes immediately. Just keep in mind this is from our custodian not Swipe directly. Please stay tuned for an announcement on this in the coming days though as we are working on this.Is SXP becoming a Bank? JL: Work in progress to obtain more financial assets underneath the Swipe umbrella. Nothing publicly confirmed yetWhat’s the difference between Binance Card and Swipe Card? JL: Besides aesthetics (card design) and platform (Binance.com vs Swipe Wallet app), nothing besides perks and cash back potentially. The functionality is the same and all of it is powered by SXP.Will you allow Australian customers to have a referral link?JL: Yes we are launching a new affiliate and referral program called Swipe Ambassadors. It’s coming soon.Swipe staking: As per the product manual, total daily reward is 20000sxp for staking. So the total reward for 1 year — 7.3 million. If 10% of the circulating supply is staked (6.5 million) and 7.3 million sxp is distributed for the staking users, returns for an year would be more than 100%. Is this how it works or staking rewards are capped at 12%? Please elaborate more on staking reward calculation. ThanksJL: The rewards pool is designed for on-chain shakers and is based on the 7.3M distribution. Up to 12% staking rewards takes in effect the fact that Binance will be supporting staking from a custodial standpoint as well. So this number will vary. More details on staking calculations will be finalized in the coming days.Where do we see team tokens and ecosystem tokens? What day each month they are released? And is the 10 million founders token released once each year or is it released monthly cumulating to 10 million tokens annually.JL: You can see them on-chain. Their is no particular day as then users may try to do some sort of manipulation. What we can disclose is 1.2M is made available monthly for ecosystem rewards (like staking) and 600k is made available for Swipe company expenses/operations. 10M is released annually for the team and founders and distributed amongst them. Personally I am not selling and holding for the long term as our supply is limited and will eventually go down to 100M.Previously the slate metal card have no foreign tx fee. It’s now omitted in the latest card offerings. Is this off the table now?JL: This is still available. We will have this updated correctly.Will swipe provide competitive savings interest rates like celcius, blockfi?JL: Yes. That is the Swipe Savings product coming soon.For staking, can it be set up so in order to claim rewards you actively have to force the protocol to to deposit the rewards into your account?JL: Yes this is the case for the on-chain Swipe staking DeFi platform. You must manually claim your rewards, similar to COMP on-chainWill staking be available from Ledger? Any plans to integrate with mobile wallet? JL: Yes you can connect your ledger with Metamask and stake via cold-storage.With the removal of transaction fees, how does the token burn happen every quarter? Is there a change in the burn criteria?JL: We just removed fees from the Wallet and Card. Fees for Lending, Credit, DeFi, Issuing, etc. still remain which will still have burns included as part of our deflationary supply model. SXP holders will be able to vote soon on these parameters as well.Will sxp card lockups receive a share of both the (up to) 14% SwipeSavings rate and a share of the 20,000 sxp for SwipeStaking to secure the network?JL: Just Swipe Savings, not the on-chain distribution.How the white label program will work? Will in the Binance case be powered by BNB or by SXP?JL: Companies will use the Swipe API system to issue a comprehensive card program for their users. These companies have two options: To pay higher fees without and SXP stake and still have to pay processing fees in SXP, or stake SXP, waive all set up fees and save 50% in processing fees in SXP.What will Swipe be doing to increase it’s customer support and backend?JL: Rest assure we are working actively to hire more resources to expand our customer support team. Just please bare with us a little bit longer while we get this ironed out. We are growing much faster than ever expected.Why do you cancel airdrop? It is a very bad publicity because people put money and now its dump. you need to think before bring public your idea. Now the holders are losing moneyJL: This was a community decision and better for the ecosystem. SXP has also tripled in value since.Can you confirm if coins on the margin wallet on Binance are also counted in the snapshot? Have some there as collateral and wondering if all SXP needs to be in the spot wallet or it’s ok to be split (e.g. margin & spot).JL: They are not. Spot wallet only.Will there be an unbonding period for staking?JL: Yes — 3 days.When it possible can access this technology here in the Philippines?JL: Very soon, we are almost done securing local licenses for this product.Will it be possible to get a supplementary card for a spouse or do they need to do a separate stake for a new card?JL: We are actually working on something just for this and junior cards for kids linked to the master wallet account with limit controls. Stay tuned for this.On CMC it says the total circulation is 66 million swipe. It looks like binance has 45 million tokens for ecosystem reserve. Will those 45 million tokens be used to stake? If they are the rewards will Be cut in half, and the total circulation should be adjusted as this will almost double the total market capJL: Our release schedule stays consistent 1.2M is made available monthly for ecosystem rewards regardless where it is custodied. There are no other changes.What are your strategies in building a big and strong community? Do you agree that the power of the community will lead your project to grow globally?JL: We will keep partnering with other companies to collaborate our communities and continue to market to grab more share of the pie. We strongly believe in the community as we push to move towards full decentralization one day.Thank you everyone for your time in reading this. We have much more to come. So as I like to say: “Stay tuned.”-JLSwipe Reddit AMA — 8/13 was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 13

Swipe Wallet to Support SXP...

As Swipe begins to make preparations to launch the Swipe Network Staking mainnet, we are pleased to announce that the Swipe Wallet application will support SXP staking. Users will enjoy staking rewards based on their SXP balances that are held on the Swipe Wallet beginning 8/23/2020 at 00:00 UTC as detailed below:Monthly SXP Staking Airdrop ProgramStarting from 08/23/2020 at 00:00 AM UTC, Swipe will begin taking live snapshots of users SXP balances.SXP Staking distribution will be calculated as follows:• SXP generated by each user = Total SXP staking rewards received by Swipe Wallet * User SXP holdings ratio. • User SXP holdings ratio = Average user SXP holdings / Average total SXP staked by Swipe Wallet.Users must hold at least 1 SXP in order to qualify for staking rewards.The initial distribution of SXP staking rewards will be calculated through to 9/30/2020, with the total amount distributed equal to the staking rewards accrued during the period.SXP rewards are calculated daily and distributed monthly. Distributions will be completed before the 20th of each month.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe Wallet to Support SXP Staking was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 13

Swipe Introduces No Fee Cry...

Swipe is excited to announce that starting Monday, August 17th at 00:00 UTC, Swipe Wallet and Swipe Card users will no longer pay any fees to buy, sell, and pay with crypto. With this announcement users can purchase, sell and convert cryptocurrencies to and from fiat currencies without the previous 1% fee. Swipe cardholders will also enjoy waived membership fees so now all cards are free including shipping (Staking still applies for higher tier cards).Previously users would pay a 1% fee when buying and selling cryptocurrencies with fiat currencies and a1% when converting and spending them on the Swipe Visa Card. With the removal of these fees users can enjoy a zero commission based experience on the Swipe Wallet.Joselito Lizarondo, Swipe CEO, said, “Swipe strives to progress towards becoming the leader in the cryptocurrency payments space, and part of this is lowering the cost of entry. By removing fees, we envision massive growth potential for Swipe bringing new and existing crypto users to our platform.”Credit Card fees still apply as these fees are passed from our processors.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe Introduces No Fee Crypto Experience was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 12

Swipe introduces Product Ma...

Swipe is thrilled to announce that it has released a new “redefined” white paper under: Swipe Product Manual. The Swipe Product Manual was designed with simplicity in mind for easy and coherent descriptions of the Swipe ecosystem of products. White papers tend to be bulky, mixed with content that the average user will not digest and understand. The typical cryptocurrency buyer or person looking to get into cryptocurrency, are not too found of the technicals behind a protocol, but more how the protocol will work described in a way for a layman person. This is how Swipe believes in working towards mass adoption.With this in mind, instead of filling our white papers with technical resources and explanations, we decided to take a different approach and go with a Product Manual style design. This will describe all of our current and future products that we have planned and the overall summary of each one. Technical descriptions and documentation will be made available, as required, per protocol as some will have API access for developers. Please bare in mind that this is a working document and may be subject to improvements and/or changes.Summary of UpdatesSwipe Products Available TodaySwipe WalletSwipe CardSwipe IssuingSwipe Products Launching SoonSwipe PaySwipe CreditSwipe SavingsSwipe Decentralized Applications (Governance, Swap, Staking, SwipeFi)Swipe Card New TiersSwipe Saffron — 0 SXP StakeSwipe Sky — 300 SXP StakeSwipe Steel — 3,000 SXP StakeSwipe Slate — 30,000 SXP StakeThe new Swipe Card Tiers will give users more options to select a card program that suits their needs and budgets.Swipe is also excited to announce that our card programs now give up to 5% cash back in Bitcoin with benefits such as:100% Rewards Rebates on Amazon Prime, Apple Music, Spotify, Netflix, and Hulu memberships*10% Rewards Rebates on Starbucks, Uber, and Airbnb, and Travala.com*The Swipe Product Manual can be viewed by clicking here or by going to https://sw.pe/ProductManual or downloading https://swipe.io/ProductManual.pdf to your desktop.Swipe Token UpgradeSwipe SXP Token will go through a token upgrade to a new v2 token contract on the Ethereum blockchain that will destroy and remove all admin keys and make the protocol fully decentralized with control through on-chain governance using SXP. This upgrade will also pave the way for use on the Swipe DApps which will be interconnected to the v2 token contract. This upgrade will require users to utilize an exchange, custodial wallet provider, or a swap tool we will release and open-source.Swipe will provide a more detailed guide on the token upgrade and announce it on all of our social channels once ready.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe introduces Product Manual with New Products, Card Tiers, and more! was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 11

Crypto Trading and Investin...

To date, a total of 6,324 cryptocurrencies are in circulation this year, with a total market cap of over $300 billion based on the recent CoinMarketCap data.With that total market cap, people begin to have an interest in crypto trading which resulted in the increase of businesses offering exchanges for digital currencies. So what are crypto exchanges and how does this work? In this article, we will talk about crypto exchanges to better understand their usage based on your needs.Crypto Exchanges ExplainedCryptocurrency Exchanges or crypto exchanges are digital marketplaces that offer or allow exchange from one cryptocurrency to another, crypto buying and selling, and fiat to crypto conversion vice versa.Though referred to as “exchanges,” these platforms serve an additional purpose aside from exchanging coins. There are various crypto exchanges available in the market, and each has different options, features, and fees. Exchanges can be classified into two types: decentralized and centralized. Under these classifications fall different kinds of exchanges namely peer-to-peer exchanges, brokerages, trading platforms, and mixed or hybrid exchanges. Traders may choose which among these exchanges to use depending on their scale of knowledge and feature requirements.Decentralized exchanges are crypto exchanges where the coins are held by the owner rather than a third-party authority. Usually, Crypto transactions under this category are settled in the blockchain. Peer-to-peer and instant exchanges fall into this category as both exchanges allow traders or users to buy and sell crypto without the need of any central authority. Instant exchanges allow users to simply exchange one crypto to another without trading it against another trader. On the other hand, Peer-to-Peer (P2P) exchanges allow users to trade between individuals. Once settled, the two parties will coordinate on how will they complete the transaction.Centralized exchanges are exchanges that are somewhat similar to the stock exchanges and are the most common ones available in the market today. These exchanges cater almost all kinds of users, from newcomers up to seasoned crypto traders. What sets them apart from the decentralized exchanges is that each of these centralized exchanges has a central authority responsible for the overall fund management, functionality, security, and upgrade operations. These are far easier to use as almost all the necessary tools needed for trading a provided by these exchanges. Examples of these exchanges are trading platforms such as Binance and Bithumb. There are also brokerages that function similar to a trading platform but differ in crypto pricing as these are set by the brokers.Getting Started with Crypto ExchangesCrypto exchanges have a different set of fees and features. These exchanges do not support every coin available in the market, which is why many traders use more than one platform.On how to get started depends on your location as there are specific laws and guidelines governing crypto exchange in each country. There are unregulated and unavailable exchanges in certain countries, which is why it is better to research first your country’s regulations before trading.Different crypto exchanges offer different options, services, and infrastructure. Before trading, it is better to know the reliability, trading fees, method of payment, coin offerings, security, and insurance (if available). Know the verification requirements and always READ the fine print provided by these exchanges.Where to trade?Based on the recent data of CoinMarketCap, there are more than 300 cryptocurrency exchanges in the market today with a combined 24-hour volume of almost $59 billion. Choosing which among these exchanges will depend on the cryptocurrency of choice and the platform suitable for each trader need.In the case of Swipe Token (SXP), it is listed on a variety of exchanges such as Bilaxy, Kucoin, DigiFinex, Uniswap, BQ.Net, CoinTiger, Bithumb, Bithumb Global, IDEX, Bittrex Global and the latest, Binance. These allow traders to have a variety of options on where to trade SXP as these exchanges have different set services and functions.It is vital for any existing and upcoming crypto traders to have extensive knowledge of cryptocurrency and trading. Having sufficient knowledge will not only help your way up in the trading system but also will help you avoid the possibility of losing your coins due to any fraudulent trading transactions.Crypto Trading and Investing: What are Crypto Exchanges? was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 10

Swipe Partners with WBTC to...

Swipe Partners with WBTC Network to Bring Instant Wrapping of Bitcoin for DeFi and WBTC Spending at over 60M Merchants WorldwideSwipe has partnered with WBTC Network and has officially been approved as a merchant for WBTC minting through the WBTC Network’s DAO Governance process. Swipe Wallet users will be able to benefit from instantly wrapping Bitcoin BTC to Wrapped Bitcoin (WBTC) and vice versa with just a few clicks.WBTC is an important digital asset that brings the exposure of Bitcoin to Ethereum and is prominent in the decentralized finance (DeFi) market. Starting today, Swipe Wallet users can deposit or buy Bitcoin (BTC) and use the exchange feature to convert it to WBTC instantly to use on the Ethereum Network. Users will also be able to redeem their WBTC instantly to BTC through the app as well.Joselito Lizarondo, Swipe Chief Executive Officer (CEO), stated, “We are excited to work with WBTC Network to bring the ability to wrap and tokenize BTC on the Ethereum blockchain seamlessly. This will help existing users utilize a seamless user interface in the Swipe Wallet app to convert their BTC to WBTC.”Kiarash Mosayeri, Product Manager, BitGo, the leader in digital asset financial services, that helped launch WBTC last year, stated, “Integrations like Swipe Wallet are the ultimate piece of the puzzle for unlocking the power of DeFi for millions of retail users. This integration allows users to do more with their bitcoin — Swipe Wallet’s users can easily bring their bitcoin to the DeFi ecosystem and use it to generate yields or participate in any other DeFi application.”Swipe will continue to work with BitGo and the WBTC Network to push the adoption of WBTC. Swipe has also listed WBTC on the Swipe Wallet platform and Swipe Visa Card to enable users to buy, sell, exchange, and spend WBTC at over 60 million merchants worldwide.About SwipeSwipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell, and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom, United States, Singapore, and Canada. The Swipe platform enables users to spend cryptocurrencies in real-time without having to convert the transactions prior manually. Users can also buy/sell cryptocurrencies with their linked bank accounts globally.For more information, visit www.swipe.ioAbout WBTCWBTC is the first ERC20 backed 1:1 with bitcoin bringing bitcoin to Ethereum’s DeFi ecosystem including decentralized exchanges (DEXs) and financial applications. BitGo, the first custodian purpose-built for digital assets is the project’s custodian, safeguarding the underlying BTC and facilitating the minting and burning of WBTC. A multisig consisting of 18 different DeFi projects governs the WBTC network.To review the list of DAO members and merchants, as well as the order book for mints and burns, visit https://wbtc.network/.Swipe Partners with WBTC to Bring Instant Wrapping of Bitcoin for DeFi and WBTC Spending at over… was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 07

Swipe Governance Update 001...

Swipe Governance Update 001 — Ethereum & Binance Chain Interoperability with SXP as the Governance TokenSwipe Governance will govern how all protocols within the Swipe Network make decisions. Through our community forum, we are seeing consensus amongst the community for certain decisions to be made about a new protocol called SwipeFi, a money market on Binance Smart Chain.Summary:SXP token will be interoperable between both Ethereum and Binance blockchainsSXP will be used as the SwipeFi Governance TokenUsers can vote once the protocol is live for any changes including to bring the SGV token back at a later dateSGV airdrop and snapshot cancelled and burnedSXP stakers can receive the fees generated by SwipeFiBorrowers and Suppliers will have a Liquidity Mining mechanismSwipe previously signaled support for an airdrop of Swipe Governance Tokens (SGV) that would have a single purpose use case to decentralize and control SwipeFi. However, shortly after this announcement we had mixed signals from our community. Thereafter, we made a community forum so we can distribute consensus between all community members.After taking in the input between our entire community, we have decided to burn and cancel the SGV airdrop and instead keep the tokenomics of our entire protocol as SXP. This means that SXP will be interoperable between the Ethereum blockchain and Binance Chain. Users who want to participate in SwipeFi Governance can participate by using Binance.com or a Swipe Decentralized Bridge (to be deployed soon) to easily swap their ERC20 to BEP2 tokens and vice versa always creating a 1 to 1 peg between both chains without increasing supply. A user must lock up 1 SXP on Ethereum to receive 1 SXP on Binance Chain and vice versa.In order to promote liquidity mining on the SwipeFi protocol, users who stake SXP, will receive 50% of the reserve factors distributed between SXP stakers users and will have a chance to earn staking rewards while also receiving protocol fees. Reserve Factors are a percentage that the protocol keeps for security and support. Supplier and Borrowers will also receive a portion of staking rewards which will be set by the SXP Voting and Governance process to be deployed at a later date. Through the SXP Voting and Governance process users can make changes to the protocol including potentially bringing back SGV at a later date through consensus making the protocol decentralized.We understand this may be frustrating for some of the community, but we are making a decision that favors the long-term benefit of the community. We will have many more updates to share in August. We will run an additional staking bonus contest with an exchange partner at the beginning of our mainnet launch to promote SXP staking.Thank you,Swipe TeamSwipe Governance Update 001 — Ethereum & Binance Chain Interoperability with SXP as the Governance… was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 04

Swipe(SXP) Trading Competit...

Swipe(SXP) Trading Competition — 100,000 SXP & $50,000 in Rewards!Binance and the Swipe team have committed to a total of 100,000 SXP and 50,000 USDT in prizes to be won as a thank you to our users worldwide, for their continued support and to also celebrate the Swipe acquisition and SXP/USDT listing in Futures, Margin and Spot markets.Competition period: 2020/08/05 0:00 AM to 2020/08/12 0:00 AM (UTC)Promotion A: NEW USER EXCLUSIVE rewardsAll users that register a new Binance account during the competition period and complete one of these three tasks will each win a 10 SXP reward. Rewards will be distributed on a first-come, first-served basis to the first 2,000 users that meet requirements and ranked by their registration time.Trade 100 SXP or more (buys & sells) on spot or margin marketsDeposit ≥ 100 SXP to your Binance account from an external wallet or from another exchangeMake at least one SXP/USDT Futures tradePromotion B: SXP Trading Competition — 80,000 SXPThe top 30 users will share a pool of 80,000 SXP based on the proportion of each user‘s total effective crypto trading volume within the top 30 users’ total effective trading volume during the competition period.This includes buys and sells across the SXP/USDT spot market only.Reward Calculation:The reward for each user in the top 30 = (Each user’s total effective trading volume / Top 30 users’ total effective trading volume) × 80,000 SXPPromotion C: Lucky 99 — Trade SXP, get 500 USDT back!Users ranked 99th, 199th, 299th, 399th, and so forth until the 9999th place of the top 10,000 SXP traders based on their trading volume (including buys and sells) during the competition period will get a 500 USDT reward for each.This includes buys and sells across the SXP/USDT margin/futures/spot markets only.Swipe(SXP) Trading Competition — 100,000 SXP & $50,000 in Rewards! was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 04

July 2020 Updates

The month of July has been very busy but productive for the Swipe team. With the recent partnerships, announcements, and launches that were revealed, Swipe has indeed trying its best to achieve its mission of mainstreaming cryptocurrencies worldwide.Swipe & Binance Seal PartnershipSwipe and Binance users got the exciting news that they have been waiting as the two companies simultaneously announced on July 7, its partnership through an acquisition move of Binance.Binance, one of the world’s largest digital asset exchange, completed its acquisition of Swipe for an undisclosed amount. The acquisition aims to further mainstream the adoption of cryptocurrencies by bridging the gap between fiat and digital assets.In line with this partnership, Swipe has also announced the integration of Binance Coin ($BNB) and Binance USD ($BUSD) on the Swipe Wallet application. Swipe users can now buy and sell crypto with their linked debit or credit cards, spend it to fiat via Swipe Visa Card and swap it instantly with other coins available on the app.Also, Swipe’s native token $SXP is now listed on Binance Korea and Binance, with SXP/USDT perpetual contract with up to 50x leverage for all professional traders on the Binance platform.Swipe Wallet v 1.5 UpdateSwipe’s recent application update now lets users of choose from eight different languages such as English, Spanish, Italian, French, Portuguese, Chinese, Korean, and Japanese to use on their app. This will help users who are native speakers of these languages to transact within the app more effectively.Download the updated app today: http://sw.pe/AppSwipe Card RewardsSwipe Visa Card users will now have the choice to get up to 4% cashback in either Bitcoin ($BTC), Swipe Token ($SXP), or Binance Coin ($BNB) on every purchase at over 60 million merchants worldwide that accepts Visa.European and the United Kingdom users can order their Swipe Visa cards their cards here: https://www.swipe.io/cards/Swipe Slate Card UpdateSwipe users who are interested to upgrade their current Swipe Saffron Cards to Swipe Slate cards can now do so with a lowered $SXP six-month stake requirement of 30,000 SXP!This lowers the cost of entry for our black card by 10x from the initial 300,000 $SXP staking requirement.Swipe x FTXSwipe’s native token $SXP is now listed on FTX exchange. Users can now trade futures, spots, and leverage markets on FTX’s website. As $SXP markets are now live on FTX, both companies launched two events on the FTX platform to encourage users to start trading $SXP.The first event, Buy/Deposit SXP and Split a 40,000 USD Prize Pool, was held from July 17 to 31. $20,000 prize was divided to users who net buy more than 100 SXP, and also another $20,000 to those who net deposit more than $100 or 100 SXP of accepted collateral into the FTX during the event.The second event, which is the SXP Tokens Trading Competition, has a total prize of 15,000 USD. Participants who will trade more than $200 worth of SXP products will split the prize pool of a maximum of 10,000 USD. The event is still ongoing and will run until August 17. More details are available on https://ftx.com/competitions/swipeSXP is now listed on Poloniex$SXP is now listed on cryptocurrency exchange Poloniex. SXP wallets are now open at Poloniex, and users can now begin depositing SXP and trading SXP/BTC, SXP/TRX, and SXP/USDT.Swipe and Poloniex also both gave away 1,500 worth of $SXP to the first 100 depositors of 200 $SXP at Poloniex.com. Prizes will be deposited within two weeks of the trading competition, which ended last July 24.Swipe and Elrond PartnershipSwipe recently integrated Elrond Network’s $ERD on its platform. This will make the $ERD token directly available for onboarding to more than 500,000 new users.$ERD will be spendable via Swipe Wallet and its Visa debit cards, at millions of locations worldwide where Visa is accepted and as well as through services such as Google Pay, Apple Pay & Samsung Pay.In relation to this newly sealed partnership, it announced a promotional event that lets Swipe users get up to 5% $ERD cashback in ERD on net buys. The event which happened for five days, from July 27 to August 1, gave away up to $100 cashback in ERD per KYC user who help 1 to 1000 $SXP during the event period.Swipe x CompoundCompound’s governance token $COMP is now integrated on the Swipe Wallet platform. Users can now begin to now buy and sell $COMP with their linked debit or credit cards, spend it to fiat via Swipe Visa Card, and swap it instantly with other coins available on the app.Swipe Partners with Travala.comTravala.com, a leading blockchain-based travel booking service, has sealed a notable partnership with Swipe by adding $AVA to the Swipe platform. In addition to its integration on the platform, which will help $AVA users to convert, spend and buy it easily using the mobile application, Swipe Token ($SXP) is now added on Travala.com’s list of preferred payment option at over 2 million hotels and accommodations around the world.Share your Swipe Visa Card and Win!Swipe will select 3 lucky participants who will win 500 SXP by simply sharing a photo or video of your actual Swipe Card in action on Facebook, Twitter, Instagram, Reddit, or LinkedIn.Users must tag their posts with the #GotSwipe hashtag, follow @SwipeWallet on Twitter, or @Swipe on Instagram, Facebook, and LinkedIn.Three lucky winners in each platform will be selected by the team!Swipe Launches Staking and DeFiSwipe is proud to announce that it has launched its test network for Swipe Network Staking with up to 12% APY staking rewards and its plans to launch a Decentralized Finance Lending or Earn application on Binance Smart Chain with Swipe Governance.With the launch of the Swipe Network testnet, users can use the Swipe Faucet to grab testnet-SXP to use on the decentralized finance application. Users will be able to bond SXP to the Swipe Network smart contract as collateral to ensure the guarantee of conversions for these exchanges.Meanwhile, Swipe plans to launch a DeFi App on Binance Chain called SwipeFi, which will enable Binance Chain tokens to be used to earn interest on their supply of collateral to the protocol and borrow against their collateral directly on the Binance blockchain. Swipe has been working with the core developers of Binance Smart Chain through the acquisition and partnerships between Swipe and Binance, to launch SwipeFi.SwipeFi will initially support BTC, BNB, ETH, BUSD, TUSD, and SXP to supply or borrow. The protocol will be governed by a new Binance Chain BEP2 token: Swipe Governance Token (SGV).Click the LINK to get further information about the Network Staking and DeFi.40 More Winners on Twitter GiveawayForty more winners, who will simply follow Swipe and its Chief Executive Officer Joselito Lizarondo on Twitter, like the contest tweet, and retweet and tag three friends, will get a chance to win $100 BTC each. Ten winners will be announced every week on Swipe’s Twitter page.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletJuly 2020 Updates was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 03

Swipe launches Network Stak...

Swipe Launches Network Staking and DeFi on Binance Smart Chain with Swipe GovernanceLondon, United Kingdom — Swipe is proud to announce that it has launched its test network for Swipe Network Staking and will launch a Decentralized Finance Lending/Earn application on Binance Smart Chain. Swipe, which was recently acquired by Binance, has garnered enormous growth over the past month in all avenues of its business and plans to launch a new product, feature, event, listing, or partnership every week until the end of the year.Summary:Testnet Staking Launched with testnet SXP on Ropsten12% APY for SXP StakingDeFi coming to Binance Chain with BTC, ETH, BNB, SXP, BUSD, and TUSD collateral for borrowing/supplyingSwipe Governance Token airdrop to SXP HoldersLiquidity Mining on Binance ChainNew announcements weeklySwipe NetworkThe Swipe Network (swipe.org) is the payment protocol that enables real-time crypto-to-fiat conversions for all of Swipe’s products and services (Wallet, Card, & Issuing). With the launch of the Swipe Network testnet, users can use the Swipe Faucet to grab testnet-SXP to use on the decentralized finance application.Users will be able to bond SXP to the Swipe Network smart contract as collateral to ensure the guarantee of conversions for these exchanges. Since Swipe facilitates real-time conversions on-demand, there is a reserve system in place to lock SXP and guarantee that the merchant and payment networks receive the exact fiat amount that it processes. Most of these processes occur off-chain and are guaranteed by Swipe at the moment, but now can be bonded by the community and on-chain.Users will receive 12% APY on their staked SXP within the Swipe Network. Swipe plans to enable staked SXP to earn the processing fees it charges in the future as well on top of the collateral rewards from staking. The main network for swipe.org will be launched in two weeks. Users can access the testnet from: https://testnet.swipe.org with a public faucet being released in next few days. To promote the usage of Swipe Network, Swipe will be partnering with exchanges that will offer staking and enhanced initial rewards and will be announced soon.Swipe Finance (SwipeFi) & SGV — Lending/Earning DeFi App built on Binance Smart Chain controlled by the community by the Swipe Governance Token (SGV) and Liquidity Mining.Swipe is proud to announce its plans to launch a DeFi App on Binance Chain called SwipeFi which will enable Binance Chain tokens to be used to earn interest on their supply of collateral to the protocol and borrow against their collateral directly on the Binance blockchain. Swipe has been working with the core developers of Binance Smart Chain through the acquisition and partnerships between Swipe and Binance, to launch SwipeFi.Users have witnessed historical highs in transaction fees, gas costs, and delays using the Ethereum blockchain for Decentralized Finance (DeFi). Bringing a complete lending/earn protocol using the battle-tested open-source protocols, such as Compound, to Binance chain gives users an immense value proposition.Bitcoin, Ethereum, and other assets are already wrapped and issued on Binance Chain and are verifiable on their native blockchains for cross-compatibility, which will give exposure to use these assets for supplying and borrowing from SwipeFi. There are stablecoins such as BUSD, TUSD, and others that are also guaranteed on their native chains, which are wrapped and issued on Binance Chain already. Therefore, the base layer of the collateral needed to start a project of this magnitude already exists. Binance.com offers simple on and off-ramps for converting the Binance chain version to the native version (example: BTCB to BTC and vice versa) as well as SwipeFi plans to open up decentralized bridges for this wrapping.Transactions on Binance Chain are considered one block finality, take less than ~5 seconds to complete, and cost a fraction of the price that it would cost on Ethereum. This will make DeFi transactions seamless and efficient.SwipeFi will initially support BTC, BNB, ETH, BUSD, TUSD, and SXP to supply or borrow. The protocol will be governed by a new Binance Chain BEP2 token: Swipe Governance Token (SGV). SGV will be used on the protocol to vote on proposals and governance decisions while earned through liquidity mining so that the supplier and borrowers of the protocol can be incentivized to participate in governance as well. There will be a total supply of 10,000,000 SGV ever in existence.On August 17, 2020, at 00:00 UTC, there will be a snapshot of SXP balances. There will be a distribution of 1 SGV per 100 SXP.This will give an initial supply of approximately 2,999,700 SGV with the remaining SGV to be mined via Liquidity Mining by supplying and borrowing on the protocol over a 5 year period.There will be no SGV sold or allocated to the team aside from what they already hold in SXP. This will enable users to mine over 70% of the total SGV supply over a five year period. Swipe will release the SwipeFi white paper and governance details by August 10, 2020, with plans to launch a testnet in September.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe launches Network Staking and DeFi on Binance Smart Chain with Swipe Governance was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 08. 01

Elrond partners with Swipe ...

We are thrilled to announce that Elrond has partnered with Swipe and will be integrated within the Swipe platforms. This will make the $ERD token directly available for onboarding by more than 500,000 new users.Furthermore, $ERD will be spendable via Swipe Wallet and its associated Visa debit cards, in either digital or physical form, at 60 million merchants directly, as well as through services such as Google Pay, Apple Pay & Samsung Pay.“Bringing our high throughput, low latency, and inexpensive transactional layer online is an important step for our launch. Convenience, ease of use, and utility for the ERD currency is another. We are thrilled to work with the Swipe team, on an integration which brings us closer to what will be a defining moment for the new internet economy.” said Beniamin Mincu, Elrond CEO.Recently acquired by Binance, Swipe is a multi-asset digital wallet and Visa card platform that allows users to buy, sell, convert, and spend cryptocurrencies. It offers direct access to more than 30 cryptocurrencies, buy, swap & sell options for credit or debit cards, and bank transfers.Swipe Wallets have associated virtual Visa debit cards, which can also be obtained in physical form, to be used like any normal card. The payment process automatically converts the selected cryptocurrency into fiat to execute a seamless transaction at any of the 60 million merchants, or via Google, Apple, and Samsung payment services.“Elrond’s notable progress makes it seem like they have just recently appeared. We know ourselves that such success does not come overnight and is the result of hard work. We are excited to include them in our portfolio and be a part of their journey.” said Joselito Lizarondo, Swipe CEO.The integration is important for Elrond because it gets access to new users in 31 European countries, and soon launching in Asia and North America. It also offers existing Elrond users the possibility to spend $ERD directly as $EUR, $GBP, $USD and $KRW anywhere VISA cards are accepted, as well as through the major mobile payment services, with cashback options in Bitcoin.About ElrondElrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.About SwipeSwipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell, and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom, United States, Singapore, and Canada. The Swipe platform enables users to spend cryptocurrencies in real-time without having to manually convert the transactions prior. Users can also buy/sell cryptocurrencies with their linked bank accounts globally. For more information, visit: https://swipe.ioElrond partners with Swipe to enable ERD spending at over 60 million merchants was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 07. 21

Five Things to Consider Bef...

Let’s assume that you are now convinced to enter the world of cryptocurrency. You are ready to invest in the very first crypto of your choice. But how will you buy it? What are your expectations? Will you hold your cryptocurrencies for a long time? In this blog post, the Swipe team shares five things you need to consider before buying your first crypto.1. Your FundsUnless using to make payment transactions, convert only the funds that you are willing to invest or store in cryptocurrency. Cryptocurrencies, in general, are decentralized, you are responsible for your transactions and funds. Weigh your options and do your own research (DYOR) to manage your funds successfully.2. Your Risk Tolerance“Only invest in what you can afford to lose.” This is the common advice that potential or new investors often get upon entering the field. Cryptocurrencies are known for high volatility. If you are not tolerant of taking such risks, then better think twice about buying cryptocurrencies. There is no easy way to avoid the ever-fluctuating prices of cryptocurrency. If already convinced to purchase cryptocurrencies, it is better to diversify your crypto assets to increase the possibility of earning while decreasing the possibility of losing big at the same time.3. Kind of cryptocurrency to buyAgain DYOR (Do Your Own Research). Study which type of cryptocurrencies are more likely to help achieve your goals and succeed in the future. There are thousands of cryptocurrencies available in the market today. Each of these has different types of use and functions. Also, don’t just listen to the opinions of other people. Though their opinions might be valid, it is safe to research and select which cryptocurrencies will you add to your portfolio.4. Where will you use it?Cryptocurrencies or digital currencies promise to deliver decentralized financial transactions that can help people buy, spend, send currencies, and more at a minimum cost. This makes it easier for sending and receiving money border to border. Buy cryptocurrencies that suites your specific needs. If you are planning to use it as an investment, choose cryptocurrencies that are known to have value and a good reputation.5. Reliable and Convenient Crypto Exchange and WalletCryptocurrency wallets are an integral part of your crypto journey. We’ve mentioned in our previous blog post about the different kinds of crypto wallets where you can manage your digital currencies.In choosing a wallet, search for the type of wallet that matches your needs and movement. If you want to store cryptocurrencies for a long time, you might want to settle for a hardware wallet. Otherwise, if you are looking for a wallet, that can help you buy and spend cryptocurrencies quickly, you may choose software wallets that are almost available anytime with the use of the internet.Swipe Wallet is a mobile wallet application that supports multiple currencies that you can use instantly within the app. It is also tied-up with a Visa debit card, which allows users to spend their cryptocurrencies at multiple locations worldwide. Multi-asset digital wallets like Swipe can be convenient for people who are still new to the industry. By using Swipe, they can access their funds easily and conveniently with the use of smartphones.In investing cryptocurrencies, choose for a legitimate crypto exchange companies such as Binance, Bithumb, Bittrex and the like, that will allow you to trade cryptocurrencies easily and legally. It is better to learn what these exchanges offer first and if they are convenient to use.These are the things that users must consider before purchasing cryptocurrencies. This way, users are properly informed of what they are entering and make valuable and wise decisions on managing their crypto assets.Five Things to Consider Before Buying Crypto was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 07. 20

Swipe Bi-Weekly Update # 5

The month of July started with a lot of surprises and a big announcement from the Swipe team. Swipe continues to move forward on reaching its goal in providing users seamless crypto to fiat transactions by connecting existing payment networks to cryptocurrencies.Free Swipe Visa Card OrderSwipe continues to offer free Swipe Visa card orders and shipping to UK and EU users upon completing the verification process on its mobile wallet application.The Swipe Visa Card comes in two options. Swipe Saffron offers 1% cashback on all purchases,dual-interface NFC/EMV card, ATM cash access, no Swipe Tokens (SXP) stake required, and up to $1,000 referral rewards. Swipe Slate Card users can enjoy benefits of 4% cashback on all purchases, dual-interface NFC/EMV card, ATM cash access, up to $3,000 referral rewards, no foreign transaction fees by staking 30,000 SXP for six months (before 300,000 SXP) within the mobile application.Virtual cards will be given to users while waiting for the delivery of their physical cards.Order your Swipe Visa card today: http://sw.pe/CardSwipe x Binance PartnershipOn July 7, Swipe and Binance announce strategic partnership to further mainstream the adoption of cryptocurrencies by bridging the gap between fiat and digital assets.Binance, one of the world’s largest digital asset exchange, completed its acquisition of Swipe for an undisclosed amount. The two companies will work together to further mainstream adoption of cryptocurrencies by bridging the gap between fiat and digital assets, notably payments and purchases in cryptocurrency through traditional financial systems.$BNB on SwipeWith the announcement of Swipe and Binance’s partnership, the two companies worked together to integrate both of their products and services on each platform.Swipe has listed Binance Coin (BNB) on its platform, making it spendable to fiat via Swipe Visa card, exchangeable to all the Swipe app supported coins, and buy and sell with linked bank accounts. Simultaneously, Binance also listed SXP on its website, making it available for both Binance and Swipe users to buy and use on its respective platforms. Additional plans from the partnership between Binance and Swipe will be announced at a later date.Aside from this, Swipe has also announced the inclusion of $BNB on its cashback program. On the Swipe app v 1.5 version, users now have the option to choose among BTC, SXP, and BNB for their cashback incentive.Swipe Wallet v 1.5 UpdateSwipe announced the update on its mobile app last July 11. Swipe v 1.5 now offers native translations in English, Spanish, Italian, Portuguese, Chinese, Korean, and Japanese. Native users of these languages can now change the language setting on their profile upon updating the application.Swipe New Platform Launch NewsEarlier on July 13, Swipe announced on its Twitter channel the launching of the Swipe new platform on August 1, 2020, at 10:00 AM UTC. The announcement will include $SXP staking and rewards news.All details will be announced live on the official YouTube channel of Swipe http://YouTube.com/SwipeWallet at 10:00 AM UTC.Twitter GiveawaySwipe continues to give rewards to its social media followers through its ongoing Twitter giveaway contest. The contest, which was announced last May 2020, already awarded 60 out of 100 winners with $100 worth of BTC.Forty more winners, who will simply follow Swipe and its Chief Executive Officer Joselito Lizarondo on Twitter, like the contest tweet, and retweet and tag three friends, will get a chance to win $100 BTC each. Ten winners will be announced every week on Swipe’s Twitter page.SXP listed FTXSwipe Token (SXP) is now listed on FTX Exchange. FTX users can now start adding SXP on their portfolio and trade futures, spot, and leveraged markets below:https://ftx.com/trade/SXP-PERPhttps://ftx.com/trade/SXP/USDhttps://ftx.com/trade/SXP/USDTSwipe will also be sponsoring an event with FTX on FTX.com. Get your $SXP deposits there now and trade with 101x leverage for professional traders!Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe Bi-Weekly Update # 5 was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 07. 15

Cryptocurrencies and Tradit...

We currently live in a world where financial innovations come quickly in different forms and shapes. Most of us own not only just one, but maybe two bank accounts, digital wallets, and credit cards where we manage and use to spend to buy our daily necessities. We are adapting to a lot of changes quicker and faster than most of us realize.Now that the financial industry and merchants around the world are slowly accepting cryptocurrencies as a form of payment, let us dig deeper into the usage of both traditional banking and cryptocurrency.Cryptocurrency TransactionsWill the traditional banking transactions will be put into the side once cryptocurrencies are mass accepted? This is the question that most of the people are asking upon the introduction of cryptocurrency in the market.Cryptocurrencies run like a traditional currency minus the physical form. People can spend it and store with the help of blockchain technology, where crypto transactions happen. Cryptocurrencies introduced the concept of decentralization and the possibility of having access to a record of transactions through a public ledger. It became a game-changer in the financial industry as it enables people to have access to easier, quicker, and borderless payment transactions without any interference from a third party.Traditional TransactionsWe are raised to learn that a proper way to handle our finances is to open a bank account where we can keep our money safe and secure. Through the years, traditional banks have helped in educating people on how to keep and manage financial assets.Some banks even extended their services and offer features that are beneficial to their clients, such as lending, protection, or insurance against fraud, and easier accessibility at millions of locations worldwide. However, these offers come with a price. Financial institutions like banks usually charge corresponding fees, which are costly most of the time. Border to border payments usually takes a longer time to process or, if not, are charged with corresponding high fees in order to process the payments.Main DifferenceRegular changes and updates in the system made different business industries and entities adapt, find solutions, and embrace new technologies.This is where cryptocurrencies have the most advantage. Having been introduced in this modern time, developers have found a way to create a faster and reliable financial system where users don’t need to pay a huge amount of service fees and rely on third parties. With cryptocurrency, people no longer have to go and line-up to the banks or wait for it to the transactions to be processed by them.Cryptocurrency introduced the concept of the possibility of having a decentralized peer-to-peer network or blockchain. Through blockchain, people are beginning to realize they can make valuable transactions without undergoing the strenuous process of validation, and confirmation from any central or third party. Cryptocurrencies are also accessible anytime without worrying about system maintenance, holiday schedules, and the possibility of bank closure.However, unlike traditional banks, cryptocurrency has no central authority to report to and in any event of theft or mistake in sending. It is irreversible, and no third party shall assist a user regarding this concern. Banks are a big help during these instances. It has an additional layer of security, whereas cryptocurrencies strongly promote a responsible own financial management.Financial FreedomWe cannot deny that banks have a more firm foundation in each country. The big question is: Will the traditional financial institution adapt to these changes as users change the way they manage their finances?At present, more people want to experience being financially independent or to gain access to their finances easily. These are both given by cryptocurrencies and banks who are slowly adapting to new technology. Undeniably, these two are coexisting healthily in the present day, and owning both of these is going to be very beneficial to a user. However, using these on a particular transaction or goal might result in a very different outcome.Storing assets on banks may be a safe decision for users who are afraid of taking investment risks as cryptocurrencies are known for its very high volatility. Having a central authority to back you up in case of unwanted incidents may also be reassuring for some. While for others, having total control over their assets is the definition of having financial security and freedom.Cryptocurrencies and traditional banking services have both advantages and disadvantages. We are left to decide when to use cryptocurrency transactions and traditional banking. Are we for a secure, low-risk, and third party-controlled financial system? Or are we ready to step up and be fully responsible for our own funds?Cryptocurrencies and Traditional Banking in the Modern World was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 07. 10

Binance and Swipe Partner t...

MANILA — July 7, 2020 — Binance, the global blockchain company behind the world’s largest digital asset exchange, today announced the completion of its acquisition of Swipe, the industry’s leading multi-asset digital wallet and Visa debit card platform that allows users to buy, sell, convert and spend cryptocurrencies, for an undisclosed amount. The two companies will work together to further mainstream adoption of cryptocurrencies by bridging the gap between fiat and digital assets, notably payments and purchases in cryptocurrency through traditional financial systems.“To achieve our mission of making crypto more accessible to the masses, off-ramps are a key component as well. By giving users the ability to convert and spend crypto directly, and have merchants still seamlessly accept fiat, this will make the crypto experience much better for everyone,” said Binance CEO Changpeng Zhao (CZ). “Swipe’s exceptional team has made great strides in furthering this mission and has been instrumental in the industry for bridging the gap between commerce and crypto. The Swipe Wallet alone is unique which acts as a digital bank account for its users, providing access to traditional banking services. We are thrilled to work with a team that shares the same core values and looking forward to our larger efforts ahead.”“Swipe’s goal is to further synchronize crypto with fiat currency-based transactions,” said Swipe CEO Joselito Lizarondo. “Partnering with Binance, given their world-recognized track record and user base, alongside a team that constantly executes, will place Swipe in the position to make cryptocurrencies more accessible for millions of users worldwide. We are excited to work with Binance to continue innovating in this crypto-banking space to further build towards mass adoption on our current and future product lines.”Swipe has listed BNB on its platform, making BNB spendable to Euros at over 50 million locations worldwide through the Swipe Visa Debit Card. Swipe’s token, SXP, was also listed on Binance.com today, making it available for Binance and Swipe users to easily buy and use on its respective platforms. Additional plans from the partnership between Binance and Swipe will be announced at a later date.The Swipe platform currently supports a wide range of digital assets that enable them to remain in their native form until a point-of-sale/transaction occurs. The selected digital asset is then converted to fiat currencies passed through the Visa payment rails, making cryptocurrencies instantly spendable in more than 50 million locations around the world with just a tap of a few buttons and a “swipe” of a card. Cardholders can also enjoy up to 4% cashback in Bitcoin on every purchase as well as discounted fees by using SXP on the Swipe platform.Swipe is currently available in 31 countries within the European Economic Area and issued by Contis Financial who is a Visa Europe Principal Member.About SwipeSwipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom, United States, Singapore, and Canada. The Swipe platform enables users to spend cryptocurrencies in real-time without having to manually convert the transactions prior. Users can also buy/sell cryptocurrencies with their linked bank accounts globally. For more information, visit: https://swipe.ioAbout BinanceBinance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.comMedia ContactsBinance: pr@binance.comSwipe: pr@swipe.ioBinance and Swipe Partner to Bridge Crypto and Commerce, Announces Acquisition was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 07. 07

Swipe 2020 Mid-Year Report

I. BriefThe first half of 2020 has shown the activeness of the Swipe team to keep its mission of enabling millions of people to access and spend crypto come to life. From mobile payment partnerships, additional trading partners, service enhancements, and up to monthly giveaways and educational posts, our team continuously strives its best to deliver quality service to the community.As a newcomer in the industry, we have placed ourselves on the right track by starting this year with the announcement of the integration of Apple Pay on the Swipe mobile application. Since then, we’ve also added more mobile payment options on our app by partnering with Google Pay and Samsung Pay.We started to roll out our aggressive marketing campaigns and giveaways by creating engaging content and announcing various contests that gathered a significant increase in our engagements and impressions. We also relaunched our redesigned website and added more information about our products and services.Our journey to bring cryptocurrency to mass adoption is far from over. There will always be hurdles on the road ahead of us, but we see it as a challenge that will take us at a place full of opportunities for cryptocurrency growth and innovation.II. Reliable solutions amidst pandemicThe world currently faces an unprecedented disruption as it currently finds solutions to fight off the COVID-19 pandemic. This pandemic not only produced serious health risks but also made a huge impact on the global economy and forced traditional financial services to adapt sudden changes to their system. This, in turn, led to a sudden shift in the usage of digital financial services that helps people make transactions easier wherever they are.Our team believes that in times like this, we have to provide the community with solutions to mitigate the risks of being infected with the disease. In April, we announced the limit increase for our pin-less NFC tap payments, and by the end of that month, we’ve added Samsung Pay on the roster of our mobile payment partners. These small steps that we are taking day by day show that aside from being a crypto service provider, we also value the needs and safety of our clients.II. Strategic Partnerships with Trusted Mobile PaymentSwipe has continuously expanded its features and reach over the course of its inception. This year, we have sealed notable partnerships with mobile payment solutions such as Apple Pay, Google Pay, and Samsung Pay to increase the options of our users to buy and spend cryptocurrencies.As a mobile crypto wallet application, available on both iOS and Android devices, we believe in finding continuous possibilities of expanding our service features. We are fully committed to bringing easier access to cryptocurrency buying and spending through our products.III. Increasing Trading Partners and Coin InclusionOur native cryptocurrency, Swipe Token (SXP), has also been added to four new crypto trading exchanges, namely, Uniswap Exchange, Bithumb, DigiFinex, and BQ.Net. This move was made for crypto investors to get access and trade SXP(which as of writing has a circulating supply of 65,982,752 SXP) easily on reliable and reputable exchanges.We are reviewing our market movements regularly and we’ve seen that some exchanges were SXP is listed showed signs of poor security, fake volumes, or extremely low liquidity. This made us decide to quickly make a delisting request on these exchanges and only retain the ones we view to be reliable. At present SXP is listed on Bilaxy, Kucoin, DigiFinex, Uniswap, Bithumb Global, BQ.Net, CoinTiger, Bittrex, Bithumb, and IDEX.We’ve also sealed partnerships with Vision Crypto App and VCC Exchange to include SXP on their list of supported cryptocurrencies. Vision and VCC Exchange users can now start adding SXP on their portfolio and wallet and start trading SXP/BTC, respectively.IV. Enhancing Features: Swipe Wallet App UpdatesIn March and April of this year, we’ve announced the integration of the $DAI stablecoin, $TRX (Tron), $ARK, and USDC on the Swipe wallet platform. This move gives our users more cryptocurrency choices in the app where they can buy and sell via their linked bank account or cards, spend it to fiat using Swipe Visa, and exchange these coins instantly with all the supported coins in the Swipe Wallet platform.Also, as we commit to deliver a reliable, convenient, and secured mobile crypto experience to our users, last May and June we made two system updates (v1.37 and v1.4) on our application to fix some bug issues, upgrade app features and enhance the Swipe mobile interface.V. Waiving Fees for Swipe Visa CardWe are committed to helping the crypto community, especially in these difficult times. Following the Financial Conduct Authority’s (FCA) order for Wirecard UK to cease activities, some cryptocurrency users are left in limbo as to what will happen to their crypto card related services.This incident did not affect Swipe Visa card operations as it is not connected with Wirecard. In fact, Swipe Chief Executive Officer (CEO) Joselito Lizarondo quickly offered free Swipe Visa card orders to all those who wish to migrate from their previous cards to Swipe. At present, Swipe offers free order and shipping of its Visa card in the United Kingdom and European Union countries.On top of these, the removal of all fiat in fees for all verified users was also announced last March 15. Verified users can top-up their Swipe Wallet account with USD, EUR, GBP, and more for free. Swipe commits itself to assist the community when needed. Though our sources may not be as big compared to our competitors, we believe in valuing and preserving the industry that brought us to where we are now.VI. Giving Back to the CommunityPart of our marketing strategy to introduce cryptocurrency and also our services is to host various giveaway programs on our social media pages. We’ve launched our #SATSBACK program where we reward our users is in the original cryptocurrency that started it all: Bitcoin (BTC).Since January of this year, we launched five giveaway programs on Twitter and Telegram offering up to $100 in BTC to participants. Last February 12, Swipe has partnered with KuCoin and gave away $200,000 in SXP to the top bounty participants.VII. Cryptocurrency and Fintech LiteracyPart of our company’s initiative is to educate its future and existing users of anything and everything about crypto and financial technology. Last May, we launched the “Learn with Swipe: Your Essential Guide to Cryptocurrencies and Financial Technology” blog project. These series of blog posts aim to share the team’s knowledge in crypto and fintech and encourage new and existing crypto users to continue learning their way in the industry.VIII. Final ThoughtsWe are still paving our way to the crypto industry. Over the first six months of 2020, we tried our best to deliver better cryptocurrency experience to our users. Though there are setbacks caused by the ongoing global pandemic, we are blessed to know that you still continue to support our project and goals.The majority of us are still uncertain of what will happen in the next half of 2020. But for sure, challenges will not hinder our team to develop and provide innovations and solutions for a better crypto managing experience.Swipe 2020 Mid-Year Report was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 07. 07

Why Invest in Crypto?

Is it really worth it to invest in crypto? Before reading this article, please do note that we are not in any way, encourage or discourage people in investing in cryptocurrency. This blog wishes to put potential and existing cryptocurrency users in a proper mindset for successful crypto assets management.A Story from the personal experience of a friend earning a significant amount of crypto might encourage you to try investing for yourself. But is investing crypto for you or not? Don’t just jump your way into the market without knowing the reasons why and how you should invest in cryptocurrency.Putting your funds, or investing in cryptocurrency is very easy thanks to its digital nature. However, before making any investments, the first thing a potential investor must do is to study the market. Since the crypto market is known to be unpredictable, it is advisable to take time in understanding its basics and know its advantages and disadvantages. This way, potential investors will not be left in the dark upon seeing the prices going up and down, and will not be discouraged when they lose some amount. Remember, in investing, great rewards are waiting for those who are patient. There are no shortcuts.Research, research, and still RESEARCH. There are thousands of cryptocurrencies available in the market today which makes investors have a variety of crypto choices. It is better to take time to discover which of these digital currencies suits your needs and is convenient for you. Don’t just trust what you heard, and what people share, it is better to make a wise decision on your own.One of the reasons why people are turning into crypto investments is because of its simplicity. There are a lot of crypto exchanges and crypto wallets like Swipe that are available online or through mobile application downloads. Charts and market capitalizations are also easily accessible anytime. It is not really that hard to comprehend, and the more people learn it, they will realize how big the crypto industry is. Some crypto investors advise that diversifying crypto assets is a good way to lessen the risk of losses as investors “don’t put their eggs in one basket.” Losing in one cryptocurrency may not mean losing all assets when investors know how to diversify their funds.It would also be advisable to consult with a professional financial advisor. A piece of advice from these experts will give a potential investor an idea of how an investment works and will help decide on how much and how long should he or she keep the investments in the market.Thanks to its technology and convenience, cryptocurrencies are gaining a significant amount of attention. People remain to use and convert their funds in crypto regardless of the uncertainty on its prices because they believe in the potential of the industry. Knowing your risks and knowing how to play on with these risks will help people in managing their crypto investments.Why Invest in Crypto? was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 06. 26

Spending Crypto in Real World

Is it possible to use cryptocurrencies in everyday purchases? This is one of the biggest questions that people with zero knowledge in cryptocurrencies are curious about.Cryptocurrencies are designed to function like all the other physical currencies that people use today. The only difference with cryptocurrencies is you have the choice to decide whether to solely manage your assets without the need of banks, a central authority, or a crypto exchange or wallet. In cryptocurrency, you have the power to make your own decisions.How will I make my very first purchase using crypto? A few years ago, spending cryptocurrencies was not easy and not accessible to anyone. Remember the Bitcoin Pizza Day Story? It opened the possibility of using cryptocurrencies in everyday transactions.At present, there are a number of ways where cryptocurrency can be spent. Service providers are offering hassle-free crypto to fiat conversions. To name, these services are:Bitcoin or Crypto ATMsAt present, there are a total of 7,962 Bitcoin ATMs worldwide. Bitcoin ATMs allow cryptocurrency users to withdraw cash using their private keys or via a crypto debit card. Some crypto ATMs also allow buying and selling of cryptos directly on the machine. Using Bitcoin ATMs are a fast way to get traditional money on hand. However, due to the limited availability of these machines, only a few crypto users can enjoy it.Software Crypto WalletsSigning up in a cryptocurrency wallet is convenient for users with multiply types of cryptocurrencies. However, not all cryptocurrency wallets allow their users to spend crypto to fiat easily. The types of wallets that allow these transactions are mostly software wallets or wallets connected to the internet, such as web, desktop, and mobile wallets. Depending on the chosen wallet, some help users manage multiple cryptocurrencies, and at the same time, convert crypto to fiat easily within the applications.Crypto to fiat debit cardsThere is a variety of crypto to fiat debit cards available in the market today. Normally, some of these are tied-up with crypto wallets for a more seamless conversion and transaction. The advantage of using crypto to fiat debit cards is that you can use it at establishments where debit cards are accepted. The debit cards will automatically convert your cryptocurrencies to fiat, and the user’s wallet will be deducted based on his or her crypto balance.Swipe Wallet and Debit CardsSwipe is a multi-asset digital crypto wallet application that allows users to buy, sell, and spend cryptocurrencies instantly. It is also tied-up with a Visa debit card which allows users to spend their cryptocurrencies anytime and anywhere. In order to reach more users, it has partnered with notable institutions such as Apple Pay, Google Pay, and recently, Samsung Pay, to make purchases within the app and cards easy.With the presence of companies that continues to help to achieve worldwide access to crypto, a lot of never-imagined services in the industry are slowly being introduced. Years ago, people looked at cryptocurrencies as a mysterious and too technical form of investment. Now more are venturing in the industry with the hopes of having easier financial transactions and full control of their assets.Spending Crypto in Real World was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 06. 22

Finding Your Way to Safe Cr...

Technology has changed the movement of people across the world. From transportation, communication, and payments, people are finding ways to innovate to make everyday life easier.With the introduction of digital payments and cryptocurrency in the market, many are hopeful of its mass implementation that will further ease the payment solutions. But in the world of digital currencies where everything is virtual, how will we ensure the safety of our funds?The first step is simple: practice research. Prior to purchasing any crypto or signing-up on an exchange or crypto wallet, a user must list his or her needs and expectations. This will help trim down the exact services a potential user needs. Based on the list created, look for legitimate services that can offer these services.When checking for legitimate service providers, it is important to take note of the following things: authenticity and reliability. At present, it is very easy to check if the service providers and cryptocurrencies are regulated and compliant with existing laws of its origin. Don’t sign up and register just because it promises good service and investment return, verify its licenses, and check if the existing users are satisfied. Remember, crypto current exchanges and crypto wallets should hold different licenses depending on local regulations like Binance or Swipe.After doing proper research that leads a user to signing-up in a crypto exchange or wallet, the next step is the standard practice of critical thinking. Always remember that cryptocurrencies are the virtual version of local money. So the proper mindset is to think of spending cryptocurrencies like actually spending physical currencies. This will help users make a better judgment in doing transactions.Also, before paying services via crypto, a user must take time to validate his or her purchases and the person transacting with to avoid the possibility of scams. Sending cryptocurrencies are really fast, so it doesn’t hurt to take time in double-checking your planned transactions. Knowing also the high volatility nature of cryptocurrencies will help a user decide on the right amount of investments and purchases in crypto.Bear in mind that there are risks in every kind of investments and transactions. It is better to think twice and wisely before making final decisions.Help other crypto users and service providers know the bad entities trying to enter the crypto ecosystem. There are a lot of crypto communities online that are open with everyone, and sharing your almost bad experience (which we hope will not happen) will help alert not just the users but also crypto service companies to avoid having transactions with them in the future.Remember, in order to have seamless and safe crypto transactions a user must practice three things: proper research, critical thinking, and reporting suspicious activities. Practicing these steps will help new and even existing crypto users to navigate their way safely on this industry.Finding Your Way to Safe Crypto Transactions was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 06. 20

Crypto: The Good and the Bad

As a wallet service provider that promises to provide transparency and seamless crypto to fiat transactions to its users, the Swipe team believes in educating the people of both the pros and cons of the cryptocurrency for the users to fully utilize the benefits of the industry.Indeed there are both advantages and disadvantages in cryptocurrency, however, it is important to take note that the cryptocurrency is ever-growing and more industries are now keen to adapt this to their businesses.THE GOODAccessibilityThe first impression of people unfamiliar with cryptocurrencies is that it is too technical and difficult to acquire. In fact, once you decide to get your first crypto, finding where and how to purchase it is just easy. For beginners, cryptocurrency exchanges, or wallets like Swipe are easily accessed with the use of the internet and smartphones. Most of these services offer a variety of cryptocurrencies that the users can acquire.Once you find your way to these services, getting your first cryptocurrency will be as easy as ABC.TransparencyWe all know that the premise of cryptocurrency is to create a decentralized financial system where people can spend and receive transactions without going to any central authority. This is made possible thanks to the blockchain technology, a decentralized public ledger where crypto transactions are stored. As a public ledger, the public can easily view or access transaction details.This is one of the reasons why a lot are interested in cryptocurrency. It breaks the barrier between a central authority and the user by creating a more transparent system with the ability to check data anytime.SecuredYes. Cryptocurrencies are relatively secure. People might hear about Ponzi schemes or scams in crypto, but keep in mind that this happens because users are not careful enough to research and know who are they transacting with.The decentralized system of crypto through the blockchain makes transactions secure as it is nearly impossible for it to be tampered or compromised. Remember, blockchain uses a network of computers worldwide to store and record crypto transactions. Without any central authority to control the blockchain, any attempt to tamper transactions means dealing with thousands of computers scattered worldwide. Transactions will not push through if the record is different from the other computers within the network, and those who will attempt to alter it will have to alter all the details on each computer in the network.Fast TransactionsGone are the days that people have to line in the bank to send and validate financial transactions. As users manage their own crypto funds, they can easily send money to other people, anytime and anywhere, without having to wait for any central authority to approve it. Crypto’s blockchain technology removes the usual delays, hefty transaction fees, and time-consuming approval from banks or any third party.THE [NOT-SO-]BADToo Technical or Lack of Proper KnowledgeThe lack of proper knowledge in cryptocurrencies is an avenue for new crypto users to get scammed. It is very important to comprehend the basics of crypto before making huge transactions. Cryptocurrencies are not hard to understand as long as people find the heart to learn it.VolatilitySince its inception, cryptocurrencies are known for having high volatility. It is very unpredictable and risky to invest without having the right knowledge. Just like with any other investments, a crypto user must be very cautious and responsible in handling his or her funds.IrreversibleThis is not really a negative aspect of cryptocurrencies if a crypto user is practicing responsible fund management. Crypto transactions are irreversible, so a user must be responsible in his or her funds. There is no central authority to report in case a user mismanaged his or her cryptocurrencies or was scammed. You are your own bank.Not Yet Widely AcceptedCryptocurrencies, in general, are still not widely accepted by merchants and some countries. Very few countries are open to accepting crypto transactions. However, this can be solved by using crypto wallets that offer card services wherein users can withdraw or spend crypto to fiat directly via a partnered card.In the case of Swipe, it is tied up with a Visa card where users can spend their crypto at up to 50 million locations worldwide that accept Visa payments.Every opportunity and action have their pros and cons. It is important to know your options before making important decisions. Knowing the good and the bad outcome will help you better in managing and securing your assets. Remember, cryptocurrencies are created to help people have easier access to financial transactions. With the availability of cryptocurrencies, people have now the choice of managing their money completely.Crypto: The Good and the Bad was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 06. 20

Cryptocurrency Terms You Ne...

As new users go deeper into the crypto industry, a lot of them will surely encounter a lot of never-heard jargon and phrases that describe that day-to-day crypto processes and transactions. Since we’ve introduced the basic cryptocurrency terminologies on our previous blog post, now the Swipe team lists down the words and phrases that will help readers further along the way to understand the crypto industry.Address — consists of 26 to 35 alphanumeric characters that serve as an account number or ID where people can receive and send digital currencies. There are different addresses per cryptocurrency, your Bitcoin address and Ethereum address are different from one another.Block Reward — is the reward (in a form of crypto) earned by people who maintain the blockchainBounty — is a reward given to a person in relation to a certain accomplished task or workCustody — the act of holding assets (cryptocurrency) on behalf of a user or client. Check our blog about custodial and non-custodial wallets here: https://sw.pe/blogcustodialnoncustodialDecentralized Application — or DApp is a technology or application controlled by a network of computers rather than of a central authorityDecentralized Autonomous Organization — or DAO refers to an organization regulated and controlled by shareholders and not influenced by any central authorityDecentralized Finance — or DeFi is a decentralized monetary system or financial applications built on blockchainDYOR — or Do Your Own Research. An important piece of advice given to users before investing in a coin or tokenERC-20 — ERC stands for “Ethereum Request for Comments.” ERC-20 is the technical standard used to create a token for all smart contracts on the Ethereum Blockchain. ERC-20 tokens are hosted and created on the Ethereum blockchainFUD — or Fear, Uncertainty, and Doubt. A strategy where information is disseminated within the community to create a feeling of fear, uncertainty, and doubt on a certain projectFUDster — a person or group who spreads FUDFork — is an event wherein a blockchain splits into two separate chains or branches. It can be due to software changes or a result of a change in consensus algorithmGas — refers to the transaction fees paid to calculate the costs of transactions in the Ethereum blockchainHash — is an output created using an algorithm needed in the blockchain managementHash ID — is a string of characters given as proof to every verified transaction in the blockchainHash Rate — refers to the speed at which a computer can calculate hashesHODL — at typo for the word “hold” that eventually evolved to Hold On for Dear Life. This is an act of buying cryptocurrencies without the intention of selling it even if the price fluctuatesMoon — an action where the price of a cryptocurrency is experiencing a significant increase in pricesOff-chain — a transaction that is not reported in the blockchain that may be recorded laterProof of Work — or PoW. A process of consensus algorithm to avoid the possibility of double-spendingProof of Stake — or PoS. A consensus algorithm wherein the blockchain validators are paid or rewarded base on the amount of cryptocurrency that they stakeSatoshi — smallest unit of Bitcoin. One bitcoin is equivalent to 100 million satoshiSharding — a process of dividing a large number of information into several groups. It breaks up a large number of information into smaller segments to improve the performance and be more manageableSmart Contracts — agreements or contracts that are automatically activated as long as the conditions are metStablecoin — a type of cryptocurrency designed to maintain its value which is backed up by reserve assetTrustless — is an act of not requiring other parties to trust one another to secure smooth transactions as all authorization doesn’t have a central authority and are all consensus.Volatility — measurement on how the price of an asset can change quicklyVolume — the number of assets traded, bought or sold over a period of timeWei — smallest denomination of Ether (ETH)Whale — a person or a group who holds a significant amount of cryptocurrency enough to allow them to impact the market movementWhitelist — a list of allowed participants or crypto addresses that are proven to be trustworthyNow that we already defined the cryptocurrency terms and phrases, it will be easier for new and existing users to understand the topics being discussed within the crypto community.If you need to brush up your knowledge with these terms, don’t forget to visit this page and part 1 of our glossary of terms.Cryptocurrency Terms You Need to Know Part 2 was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 06. 15

How Does Cryptocurrency Min...

Cryptocurrency mining or crypto mining is the process in which transactions are verified and added in the blockchain. The cryptocurrency miners are in charge of verifying the authenticity of information whenever a crypto transaction is made.BackgroundFor miners, crypto mining can be rewarding as they earn cryptocurrency for their work. However, the process of verifying information or completing the blocks is very tedious and costly.Miners are like auditors. They check and verify the authenticity of transactions that wants to be part of the blockchain. They are preventing any double-spending transactions that may arise in the process. Miners make sure that a crypto user does not spend the same crypto twice.The mining process itself is a competition. Miners compete with fellow miners to solve a mathematical problem associated with the transaction of data. The first miner to solve the problem is rewarded with a cryptocurrency.What You NeedAn aspiring crypto miner must have a good internet connection, computer hardware, and willingness to spend money on a huge amount on electricity bills. Computers used for crypto mining must have dedicated hardware such as a specialized graphical processing unit (GPU) or application-specific integrated circuit (ASIC). A miner must do proper research prior to purchasing hardware as different cryptocurrencies require different types of hardware for mining.A cool location or properly ventilated area for the hardware (as it tends to produce extreme heat), a membership in cryptocurrency exchange, and a legitimate crypto mining software are needed to start mining cryptocurrencies. Mining software handles the mining process. Miners can either be a solo miner or join a mining pool. Mining pools are a group of crypto miners who agree to share rewards proportionate to their contributed mining power.The ProcessThe process of crypto mining is very complex and hard to understand in just one seating. This article intends to explain and introduce the concept of crypto mining to readers who are yet to discover the basics of crypto mining.Upon acquiring all the necessary hardware, and software for mining a cryptocurrency of choice, miners must set up a wallet, or exchange where they can receive and sell their rewards.Miners can opt to be a solo miner rather than joining a mining pool. However, it is highly recommended to join a mining pool as this is proven to be more cost-effective. By not joining a mining pool, miners will only receive a reward or crypto if they solved a block of their own. This can be inefficient and difficult as solo miners have to compete with groups or organizations that have bigger warehouses and areas dedicated to crypto mining.Competition in crypto mining over the years has risen. As more miners join the crypto mining industry, it will be more difficult to solve blocks. Miners must be ready for this and have an open mind to the possibility of losing.To understand the basics of crypto mining, let us say Henry wants to send crypto to Jenny. Henry’s wallet will announce that he will send a crypto payment to Jenny’s wallet. This transaction will be announced to the nodes maintaining the whole copy of the blockchain. The miners, who also maintain a complete copy of the blockchain, will then verify if the transaction is legitimate and if it didn’t double-spend the crypto amount. Miners will compete with each other to verify and add this transaction into the current block. The first miner to solve the problem and share it with nodes, which will then add the block in the existing blockchain, will get the reward.Who Can Mine?In theory, yes, anyone can participate in crypto mining. However, there are a lot of considerations that an aspiring miner must consider. Are they willing to invest in expensive hardware and pay expensive electricity bills? The more upgraded or advanced the computer hardware, the faster for a miner to solve a block (meaning more crypto rewards and much expensive hardware).Truth to be told, mining is not the fastest way to get cryptocurrencies. Users can just signup and buy cryptocurrencies on wallets and exchanges available in the market. Before actually earning in crypto mining, a miner must invest in special hardware, software, and must have a budget to pay expensive electricity bills. Indeed it sounds thrilling to earn money through mining. However, it is better to think carefully before venturing into this activity.How Does Cryptocurrency Mining Work? was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 06. 11

Cryptocurrency Terms You Ne...

On our previous blog posts, we’ve talked and introduced Bitcoin, wallets, blockchains, financial technology, and the like to our readers. For sure, some are confused as they just encountered these words for the first time. In this article, we’ve jotted down the common words or phrases that the readers will frequently encounter upon entering the world of cryptocurrency.Airdrop — an event or process where a project distributes a cryptocurrency to different wallet addresses for freeAltcoin — or alternative coin. Any type of cryptocurrency other than Bitcoin. These coins run its own blockchain network and operate separately and differently from Bitcoin.Bitcoin — the first successful type of cryptocurrency launchedBlockchain — a digital public ledger that allows users to securely store and send information and currency. Read our article about Blockchain here: https://sw.pe/blogblockchainCirculating Supply — number of cryptocurrencies that are available and circulating in the marketCryptocurrency — a virtual or digital currency (example Bitcoin, Litecoin, Swipe Token)Cryptography — is a mathematical practice of encoding and decoding data or codesDecentralization — a system or process powered by a group of people or team and not by any central power or authorityDelisting — a process where either a cryptocurrency requests to remove its assets on an exchange or the removal of the crypto by the exchange authorityDouble-spending — a type of deceit where an amount of money is spent more than once.Exchange — a place (website or app) where people can buy and sell cryptocurrencies (examples are Bithumb, Bilaxy, and Bittrex)Fiat — is a currency issued by the country’s central bank (local currency)Halving — an event where the usual block reward is reduced by half. Read our article about Bitcoin Halving here: https://medium.com/swipe/what-you-need-to-know-about-bitcoin-halving-58c39db2a487Initial Coin Offering (ICO) — a method where a new type of cryptocurrency is being offered to the public to invest in for the first timeKnow Your Customer — or KYC is a procedure in the financial industry where companies ask for identification details to verify the identity of the customersListing — a process where an exchange adds a new cryptocurrency on their systemMining — a process of validating the information and create a new block in the blockchain.Node — a computer that participates in building and maintaining the blockchain network.Peer-to-Peer Network — or P2P a process where two or more computers are connected to share information or data directlyPrivate Key — a series of random words or mnemonic phrase that serves as the password to access your cryptocurrenciesPublic Keys — an alphanumeric code which can be shared publicly to send cryptocurrency transactionsRoadmap — shows the short-term and long-term business goals of a certain companySatoshi Nakamoto — an unidentified person or group who founded and created BitcoinStaking — the act of holding cryptocurrency in a wallet for a period of time to receive a rewardToken — a type of cryptocurrency that does not have its own blockchain.Wallets — a device, application, or website where people can manage their cryptocurrency assets. Read our article about wallets here: https://sw.pe/blogcryptowalletWhitepaper — a document that explains the detailed plan and strategy of a certain project. It is created to generate interest and educate people about the concept that the person (or company) is trying to introduceThese are the terminologies that will surely be helpful when familiarizing yourselves in cryptocurrencies. In the second part of this blog, we will be sharing with you more complex words that you will encounter once you fully entered the industry.Cryptocurrency Terms You Need to Know was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 06. 09

What You Need to Know about...

The first step to enter the cryptocurrency space is to have a wallet where you can manage and secure your assets. There are hundreds of wallet providers and different types of cryptocurrency wallets to choose from base on a user’s particular needs. From the different kinds of wallet available in the market today, a user must consider if he or she wants to have full control of his or her assets or if he will get a third party to help control these assets.Third-party? Cryptocurrencies are supposed to be decentralized, right? Yes, cryptocurrencies are created to realize the possibility of financial decentralization. However, there are different types of wallets available that aim to provide a seamless and more convenient crypto experience.Crypto wallets fall into two categories: custodial and non-custodial. In this article, we will talk about the difference between the two, and help the readers decide on which kind of service fits them.Non-Custodial Wallet ServicesNon-custodial wallet services are platforms that allow users to have full control of their funds and transactions by giving the users their private keys upon opening their accounts. Private keys serve as the password or verification code of the user’s cryptocurrency transactions. The private keys are mnemonic phrase which consists of 12 to 24 words that are not stored in the wallet. It is the user’s responsibility to safe keep the keys.They can access it any time that they want, and the services are reflected in real-time. It might be challenging at first since most of the people are used to having a central or third party to store and process various transactions for its users, but if the user wishes to experience or to navigate his or her own way to the cryptocurrency world, this is beneficial for them.Remember, non-custodial wallet users are fully accountable for their transactions. No third party or central authority is to blame in case something went wrong or if private keys are stolen. It is important to keep private keys safe, take every transaction seriously, and never share private keys with anyone to avoid possible compromise.Custodial Wallet ServicesIn custodial wallet services, servers hold all the information such as private keys of its users. Tapping a cryptocurrency wallet that is custodial in nature means that the users are aware that they are not in total control of their digital currencies. They have to inform the custodian of their transactions.To better understand the concept of custodial wallet services, it can be compared to the online banking applications available today. Cryptocurrency wallet that are custodial offers services such as setting up an account (with KYC procedures) with them to store private keys and funds, and easier navigation on buying and selling various cryptocurrencies.Why would I want someone to keep my private keys? Most custodial wallet services available provide more protected, convenient, and variety of crypto services over non-custodial wallet services. Unlike non-custodial wallets, custodial wallet services offer backup solutions in case that you forgot your keys or username. Custodial services seek to provide a friendlier and secure approach to users in managing their assets.In the case of Swipe Wallet, it has established a strategic relationship with Coinbase Custody and BitGo to provide a custodial solution for its Swipe Wallet client deposits. Swipe users can trust that their assets are safe and secure when making deposits onto the Swipe Wallet application as the users will have access to an institutional-grade qualified custodian that carries $100 million in insurance.Choosing the Right Storage SolutionIt is very important to know and differentiate custodial and non-custodial wallet services as these are very different in terms of usage and interface. There is no right or wrong answer for this one as both types ensure safe protection of assets, given that it is used and maintained properly.There are various options of cryptocurrency wallets to choose from depending on the specific needs that fits a user’s lifestyle. Do proper research, check the features and services that you need in a wallet before actually getting one.What You Need to Know about Custodial and Non-Custodial Wallet Services was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 06. 05

Basics of Ethereum

We all know that it was thanks to the successful launch of Bitcoin that the idea of financial transaction decentralization through cryptocurrency and blockchain is fully realized. Other cryptocurrencies and blockchain technology followed the concept of Bitcoin and tried to incorporate it in other use aside from financial transactions.In this article, we aim to introduce Ethereum, one of the game-changers in the adaptation of blockchain in various technological landscapes.Ethereum: A Short HistoryThe concept of Ethereum was first introduced by a 17-year-old programmer Vitalik Buterin in his 2013 whitepaper titled “A Next-Generation Smart Contract and Decentralized Application Platform.” In the whitepaper, Buterin described Ethereum as a new platform designed easier for any type of decentralized applications (dapps) that developers can use.He came up with the idea to use the blockchain technology beyond the financial use that the Bitcoin protocol offers. Aside from the blockchain’s original function of managing cryptocurrency transactions, blockchain developers can use Ethereum to build and store new applications. After a series of tests and crowdsourcing campaign in 2014, Ethereum became live through its testnet Frontier in 2015.What Sets Ethereum ApartEthereum aims to create a platform that enables “smart contracts” and decentralized applications to be built easier, safer, and faster without any third party involved. A smart contract is a code that allows users or developers to execute transactions between parties under a prior set of rules, making it decentralized. Ethereum is built with a “Turing-complete” programming language that lets developers write programs in which the blockchain can understand and automate any upcoming agreements. More or less, as long as the codes follow the correct format and have enough resources (Ether), it could govern and implement any task.Like in Bitcoin, Ethereum has its own cryptocurrency called Ether (ETH) which serves as the gas and fuel that helps run the Ethereum blockchain.ETH can be used all over the world to make payments, as store of value or as collateral.At present, ETH is second to Bitcoin in terms of market capitalization.In a nutshell, Ethereum aims to be a “world or global computer” that runs on a blockchain. It was programmed in such a way that its blockchain technology can be utilized in other ways like recording and creating computer code and applications on top of financial transactions.If Bitcoin successfully introduced the idea of having decentralized financial transactions through cryptocurrency and blockchain technology, Ethereum opened the idea of using the blockchain technology to develop decentralized applications.Swipe Wallet application is an example of an application tied into the Ethereum blockchain. Its open-source blockchain protocol called Swipe Network enables on-chain use of Swipe products directly within the Ethereum blockchain while connecting these processes to an off-chain dual processing system. The Swipe Network operates through smart-contract interactions on-chain given the security of Ethereum network while running an off-chain layer 2 network for speed, efficiency, and cost.The Swipe Network connects the Wallet and Card to the Swipe Smart-Contracts. The network will enable the functions to interact and execute directly on the Ethereum blockchain and be validated directly within the smart contract.Future of EthereumEthereum’s introduction to the possibility of creating accessible decentralized applications on the blockchain brought the idea of making a general-purpose blockchain to develop the current state of technology. People realize that there is more to blockchain than cryptocurrency.At present, people are anticipating the launch of ETH2 or Serenity as it is said to determine whether Ethereum will remain the go-to platform for dapps creation as there also other blockchains with the same idea followed.Nevertheless, being more than just a venue for cryptocurrency transactions, Ethereum’s groundwork for smart contracts and dapps that are unavailable before is a factor for its further growth and success. As it is continuously being maintained and improved over time by contributors worldwide and is second to Bitcoin in terms of value, a lot of people are constantly watching the growth of its technology and value.Learn more about Ethereum by visiting https://ethereum.org/Basics of Ethereum was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 06. 04

May 2020 Updates

Swipe continues to bring quality service by constantly updating and upgrading its services. Last May, the team made system upgrades to enhance the mobile app experience of its users and launched another Bitcoin (BTC) giveaway on its official Twitter page.Samsung Pay x SwipeSwipe Wallet users with Android devices can now add their Swipe Visa Debit card details directly on Samsung Pay. The integration of Swipe Visa Card on Samsung Pay’s platform will allow the users to instantly pay with their cryptocurrencies easily using Samsung Pay-enabled devices such as smartphones, smartwatches, and the like. This partnership added to the growing list of Swipe’s partners that aims to reach more accessibility in cryptocurrency management and spending across the world.Twitter GiveawayAs Swipe pays it forward to the community who are helping them to achieve the goal of worldwide financial inclusion, the team announced a total of $10,000 BTC worth of giveaway on Twitter.100 randomly selected participants who will simply follow Swipe and its Chief Executive Officer Joselito Lizarondo on Twitter, like the contest tweet, and retweet and tag three friends will get a chance to win $100 BTC each. Ten winners will be announced every week on the Twitter page.The team already announced the first 20 winners of the event and will be announcing 80 more in the weeks to come.Learn with SwipeSwipe on May has started its “Learn with Swipe: Your Essential Guide to Cryptocurrencies and Financial Technology” blog project, which aims to educate new and future existing cryptocurrency users everything about the industry.The series of blog posts will introduce and explain the ropes inside the crypto world so that users and even interested people can jumpstart their progress in the said field. With the growing interest of people on cryptocurrency, the team believes that it will be better to explain the industry in a way that new users can understand it right away.Swipe Wallet App UpdateTo service better its new and existing clients, the Swipe team has released an updated version of its application. On the v1.37 version of Swipe Wallet, the team has fixed bug issues, enhanced the cryptocurrency charts, added the banknote with a dollar sign and crypto sub-menus, and upgraded its credit card funding.Existing and interested users can now enjoy the updated version of the app here: http://sw.pe/AppStay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletMay 2020 Updates was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 06. 01

Blockchain and Cryptocurren...

In our previous posts, we’ve often mentioned the term “blockchain” a lot and associated it with cryptocurrency transactions. From those articles, we’ve explained briefly blockchain as a recordkeeping technology that uses a network of computers to store and record of cryptocurrency transactions.But what is blockchain? What is its connection with cryptocurrency transactions? In this article, the Swipe team aims to explain the basics of blockchain and its link with cryptocurrency. We hope that through this article, users who are just starting in cryptocurrency will have a better grasp of the system that helps crypto transactions secure and reliable.Basics of BlockchainTo put it simply, blockchain processes cryptocurrency transactions. It is a decentralized public network that allows users to securely store and send information and currency (more on cryptocurrency at present).The term blockchain is derived from the actual process of storing “blocks” of data and linking them together with the other created blocks, thus creating a “chain-like” flow of secured data. When a new block or transaction is created, it is automatically linked or “chained” with the previous transactions making it more secured.How? Blockchain is a public network. Instead of having a central server to oversee all the transactions, it runs in multiple computers or servers spread out all over the world. As each transaction is completed, all the servers receive and store a copy of that data.Why is it more secure? Blockchain addresses the issues in a centralized system. In a centralized system, only one authority can validate, store, and back up the transactions. This system is prone to possible errors and attacks because only one authority has access to all the databases. Imagine, a cyber attacker need only to compromise the main server to alter and change data. Whereas in blockchain, the data is distributed in networks of computers around the world, making it hard and impossible to tamper. Transactions will not push through if it doesn’t match with the existing records in the blockchain, which is why it is close to impossible for it to be compromised as it would require hackers to change that data stored in all the servers around the world.How is it possible? Without a central control network, the blockchain network is open to any company and person. Though it is open to anyone, their identity is anonymous. This might sound an untrustworthy system when first heard, but to make it clear, though anyone can join the network, there are several complicated blockchain tests for those who want to enter the chain.What tests? There are a series of tests to prove before people can officially enter the network. One of the common examples of a test is the “proof of work” system. In this system, computers must prove that they have done work by solving very complex and increasingly difficult math problems. This process is called “mining” in cryptocurrency, and to solve math problems, computers need to run numerous programs that cost a huge amount of energy consumption. Once they “prove” themselves, computers can now start adding blocks to the chain (verifying transactions or storing data) in exchange for some rewards such as tokens or Bitcoins.Blockchain and Cryptocurrency RelationshipThe technology behind Blockchain was developed to process Bitcoin transactions. Initially, the idea of this technology was introduced in 1991 by Stuart Haber and W. Scoot Stornetta. The two explained the possibility of implementing a time-stamping system for digital documents without it being tampered. However, it was only with the launch of Bitcoin that this technology was fully realized and implemented.Bitcoin’s purpose is to have a decentralized financial system where people don’t need any central authority to verify their monetary transactions for them. Through blockchain, the flow and the transactions will be safe, transparent, and secured.The success of Bitcoin brought light to the rise of other cryptocurrencies running in blockchain technology. In the case of Swipe, its Swipe Network protocol enables on-chain use of Swipe products directly with the Ethereum blockchain while connecting these processes to an off-chain dual processing system. The Swipe Network operates through smart-contract interactions on-chain given the security of Ethereum network while running an off-chain layer 2 network for speed, efficiency, and cost.Blockchain and Cryptocurrency showed significant growth over the past years. Aside from cryptocurrencies, other industries find the concept of blockchain effective in storing data and making business transactions. As more companies and industries start to adapt these, commercialization of blockchain and cryptocurrency, which is difficult to imagine before, might be possible in the near future.Blockchain and Cryptocurrency in Summary was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 05. 31

The Need for Financial Tech...

At these present times, everything and everyone is adapting to modern technology. From devices, diagnostic equipment, transportation, communication, research, and now to financial transactions — the convenience that the technology has brought us is indeed immeasurable.We’ve written this article with the intention of letting people realize the importance of adapting to modern technology to alleviate the current financial system, not just in the cryptocurrency field.The term “Fintech” or financial technology has been gaining more attention, and we believe that it is very important to discuss the need to educate the public on what this really means before we dive into more technical details. By understanding what fintech means, we hope that more people will realize its importance and adopt it in their everyday lives.What is Financial Technology?Fintech, a term coined for Financial Technology, is used to define the industries behind the expansion of the financial technology system across the globe. Whether in banking, insurance, mobile payments, and cryptocurrency, the term is widely used to describe the rapidly growing financial system. A lot of fintech businesses or products are created in such a way that they will connect and simplify financial transactions through the use of modern technology.There is an increase in financial access, and freedom thanks to fintech. It has helped the world change the financial system in numerous ways. Before discovering the possibility of mobile or online banking, people used to line-up in banks just to open an account. Also, e-commerce flourished thanks to fintech. The availability of mobile apps and the internet catering to various services helped not just the consumers but also the businesses to expand their options and business goals.Fintech and CryptocurrencyFintech upgraded the traditional financial transactions. Long gone are the days when people have to keep their money physically or have to visit banks to make transactions. Everything is almost digital. Everything is also almost convenient.In this age where everything is fast-paced, people always look for “convenience” and “efficiency” in a product and service. This is where cryptocurrency has the most advantage.The technology that cryptocurrency introduced through Bitcoin showed a profound effect on the Fintech industry. Thanks to the launch of Bitcoin in 2008, it was realized that a decentralized blockchain system is possible, and it can help solve the difficulties people encounter in the traditional financial system. As a form of digital or virtual money that runs in a blockchain, cryptocurrencies help users to manage their own money easily, quickly and securely. Users can make a transaction without the need for any central authority involved. People just need to have a cryptocurrency wallet where they can make crypto transactions.The Importance of Fintech LiteracyThe fintech industry has made a drastic growth in the financial sector over the years. As the world keeps on innovating, people will continuously adapt to changes. The more convenience fintech brings, the more people are inclined to use it. This is why Swipe believes that it is very important for users to understand how to have the right financial behavior in this high-tech world.People find it easier to store, but at the same time, they also spend money easily with the use of the internet or mobile applications. However, products and services that can easily be bought online make it easier for consumers to develop a habit of impulsive buying. People need to realize that even though fintech helps brings more convenience, the need to control and manage their transactions is extremely important.As a multi-asset digital wallet, Swipe believes that understanding the ropes of fintech and also cryptocurrencies will lead to better asset management and spending. Having a good grasp of fintech literacy helps the users’ ability to make informed decisions about their financial behaviors. Cryptocurrency rates are very volatile. Though it can be easily bought and spend any time, a crypto user must be knowledgeable enough on when or how to invest or spend his assets.Fintech will surely dominate the financial sector in the years to come. A user needs to have an open mind to adapt to these changes and learn how to use it properly. Having adequate fintech literacy will surely help a user to have the right attitude and behavior in making financial decisions in a world that is slowly becoming more digital.The Need for Financial Technology Literacy was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 05. 28

Debunking Cryptocurrency Myths

Now that we almost familiarized ourselves with the basics of cryptocurrency, the Swipe team would like to shed light on the most common misconceptions about it.In this article, we aim to discuss the reasons why these myths exist and correct the common tales behind them.1. Cryptocurrency is A SCAMNOT. We have to set this record straight once and for all. Cryptocurrencies are the digital counterpart of physical currencies. The only difference is this kind is purely virtual, meaning it doesn’t physically exist. Instead of going through any central authority (bank), it runs in a blockchain, a digital ledger that lets users safely and easily transact and store cryptocurrencies.So why do people think that it is a scam? It is because of the bad players who try to take advantage of this new technology. A lot of new and naïve crypto investors fall into Ponzi-type schemes that promise huge investment returns at a little or no risk at all.Scammers will also try to lure people in making them believe they offer related services in return for crypto payment. The concept of cryptocurrency is to make the current financial transactions easier, which is why some fall for this bait. These types of investments and services should be viewed skeptically. If there are people who are trying to scam you of your money, there will also be people who will try to scam you of your cryptocurrencies. But this doesn’t mean that money and cryptocurrencies are a scam.In cryptocurrency, there is no central authority to re-check the user’s transactions. In cryptocurrency, there is no central authority to re-check the user’s transactions. Users must be responsible enough when managing their crypto assets and activities.2. It is NOT SAFEAGAIN WRONG. Cryptocurrencies are safe unless people expose themselves to illicit transactions. Remember, even the most successful businesses get highjacked, so what is the possibility that cryptocurrencies will be immune to it?Most of the cryptocurrency transactions run in a blockchain, a digital ledger that uses cryptographic measures to process and transactions, making it more likely impossible to be compromised. However, this doesn’t mean that your cryptocurrencies are totally immune to hacking and phishing.Some users choose to manage their cryptocurrencies themselves, but there is also a number who rely on exchanges or digital wallets run by different parties. When using devices and software such as mobile applications to manage crypto funds, one must make sure that their device is free from any malware and viruses and that they set strong passwords for wallets and accounts that deal with their cryptocurrency funds. Remember, cryptocurrency transactions are irreversible, so one must make sure that their devices and applications are virus-free and secured.But how can the users prevent this from happening? Prior to purchasing cryptocurrency, do proper research on which exchange and digital wallets are perfect for their lifestyle. Check if the company is properly regulated and compliant with the existing laws.Swipe Wallet carries numerous licenses around the world. At present, it has a Virtual Currency Wallet License, and Virtual Currency to Fiat Exchange License issued both in Estonia covering the European Economic Area.Aside from this, setting up a strong password and enabling two-factor authentication (if applicable) are strongly recommended. This adds an extra layer of security to your software, making it less prone to any cyberattacks.3. It DOESN’T HAVE A VALUETHERE IS. In fact, as of writing, one Bitcoin is priced at $9,096.37, which you can spend and convert any time through the use of your digital wallets. Cryptocurrencies offer a faster way of receiving and sending money through the use of blockchain technology, a better alternative to the usual bank remittances people do. It actually works like fiat currencies, only that cryptocurrencies are decentralized and not run by any central or governing authority.Skeptics don’t believe in cryptocurrency because they think it doesn’t have any intrinsic value just because of its digital nature, and it is not backed up or supported by anything (government or central authority).So, why the prices go high even if some people say it doesn’t have any value? Simple explanation: though cryptocurrencies are prone to volatility, remember it has a finite supply. As more demand for crypto supply increases, its prices go higher. This shows that cryptocurrency users have trust in the system, giving it more value. Proving that you always don’t need to see it physically in order to believe in it.A good cryptocurrency user must realize that due to the relatively new concept or market of cryptocurrency, it is prone to a lot of constant gains and losses. When acquiring these, one must have an open mind that the prices may increase and decrease anytime. Having a diverse investment portfolio (not just in cryptocurrency) helps to reduce the risk of huge losses.4. Cryptocurrency SUPPORTS Illegal ActivitiesDEFINITELY WRONG. This is one of the biggest myths that surround the cryptocurrency industry. The reason behind this is the misconception that cryptocurrency transactions are entirely anonymous, making people believe that it was made for illicit activities.Most cryptocurrency transactions are traceable through the public address shown in the blockchain. However, it is only limited to the amount and address, not the identity of the sender. This concept made bad entities try to abuse the latest technology discovery. But this doesn’t mean that tracking their details is a difficult task.Bitcoin, Ethereum and other digital currencies, and wallets implement their own ways to track transactions through a KYC or Know Your Customer service without asking too much of personal information than most of the normal banks do.5. Funds are EASILY STOLENYES and NO. How so? There is a big possibility of funds getting stolen if the users will not practice precautionary measures when managing their cryptocurrencies. Even in fiat currencies, if people will just leave their money somewhere unsafe or in shady institutions, it will be prone to theft.As a general rule, having tight security measures on a chosen crypto trading platform and wallet will help lessen any tendency of experiencing unfortunate events. Users have to make sure they are only dealing with reputable trading platforms and wallets. There are a lot of users who fell victim to fake wallets. To avoid making this big mistake, ALWAYS do a background check and don’t just trust what search engines show right away.People who are not careful enough to make security actions and discern any fraudulent sites will be prone to having their cryptocurrencies stolen. Cryptocurrency transactions are irreversible, and if you fell into these traps, your money will be long gone for good. Remember: everything is digital in Bitcoin. People must be extra cautious in making transactions as there are a lot of bad people who are evil enough that will try to steal your hard-earned money.Wherever people go, there will always be bad players who will try to find ways to outsmart people. These myths sprouted because there are people who are victimized by scammers. It is important to stay vigilant and do proper research before making necessary transactions to avoid fraud. There are no shortcuts to success. No matter how advanced the technology is, nothing beats the decisions made by a responsible and critical consumer.Debunking Cryptocurrency Myths was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 05. 24

Bitcoin Pizza Day Story

Today marks the 10th year of the much-celebrated Bitcoin Pizza Day when a hungry man Laszlo Hanyecz from Florida bought two boxes Papa John’s Pizza for 10,000 Bitcoins (BTC).Back then, Bitcoin doesn’t have that much value (than it has today obviously) as the concept of cryptocurrency was just introduced a little over a year. So, it was relatively a good deal.In his 2010 post on an online forum Hanyecz stated:I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy!I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that. I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire.If you’re interested please let me know and we can work out a deal.Thanks,LaszloHanyecz’s transaction was a milestone in the adoption of Bitcoin in everyday transactions. It was not just about the idea that today’s BTC value is way higher than it was ten years ago. It was because that pizza transaction became the first Bitcoin deal in history and opened the possibilities of its spending power in the world.For the following years, Bitcoin has surely grown a lot in terms of value and usability. A lot of other kinds of cryptocurrency emerged, all with the same idea of revolutionizing payments and its mass acceptance across the world.In his interview with Anderson Cooper in 2019, he thought that the idea of trading something out of his digital currency was a “cool thing.”“I honestly thought it would be really cool if I could say, ‘Hey, I just traded this, you know, open-source internet money for a real-world good,” Hanyecz during his interview at 60 Minutes.At present, one BTC is worth $9,000 USD, making the 10,000 BTC equivalent to over 91M USD. A VERY significant value increase compared to its price $41 USD price ten years ago. Who would have thought that his cool idea became a door to a lot of opportunities in the crypto world today?Now does anyone wants a box or two of pizza? Happy Bitcoin Pizza Day!Bitcoin Pizza Day Story was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 05. 22

The Truth Behind Bitcoin

Last May 16, J.K. Rowling the popular author of the all-time bestseller series, Harry Potter, tweeted her followers asking to help her understand Bitcoin.How can we explain Bitcoin to someone with zero knowledge of it easily?Truth to be told, when I first encountered Bitcoin a few years ago, I wasn’t very much invested in the idea of it. I thought it was too technical, and it would be better to leave for the IT experts to enjoy its full features.In our first two blog articles, we talked about cryptocurrencies in general, and how to secure these using cryptocurrency wallets. These two blogs are really helpful, especially those who are not yet familiar with cryptocurrencies.Bitcoin in General(See Bitcoin history here.)Tracing back our history, people before didn’t need any central authority to pay or trade for something. Instead, they use gold or existing valuable possession in exchange for the things that they wanted. This is the basic ideology of Bitcoin. To be able to do transactions fast and easy again anytime and anywhere without any central authority through the use of modern technology.Without getting too technical, Bitcoin solves the current difficulty of making financial transactions. At present, monetary transactions involve a third party (bank) and it comes along, most of the time, with exorbitant service fees. To put it simply, the peer-to-peer transaction is possible with the use of Bitcoin as people don’t need any central authority to confirm and verify their own monetary transactions.Bitcoin transactions run in a blockchain, a decentralized ledger run by a peer-to-peer (P2P) network that processes and stores cryptocurrency transactions. Blockchain solves the digital transaction problems or double-spending that people are very afraid to encounter. Transactions within the blockchain use a special algorithm system that is stored in a “block” and linking or “chaining” them together after, thus making these records nearly impossible to get altered or change.This technology makes Bitcoin transactions secure as each blockchain network have the same set of records of the entire blockchain data. It will be almost close to impossible to manipulate the system, as it requires the hacker to alter all the millions of blocks connected in the network, or else the other networks will reject his or her attempt as it doesn’t match with the existing records in the chain.Bitcoin transactions can be viewed by everyone, as it has transparent ledger or blockchain, through a bitcoin address without revealing any of your identity and who is the person behind these transactions.Bitcoin SupplyWhat makes Bitcoin unique is the fact that it only has a finite supply of 21 million. Unlike fiat currencies that can be printed out by the government anytime, Bitcoin’s prearranged supply makes technically scarce.Bitcoin was first launched in 2009 and had a block subsidy of 50 BTC. In November 2012, the first Bitcoin halving commenced and reduced the 50 BTC subsidy to 25 BTC. It further dropped on the second halving in 2016 by 12.5 BTC per block. Recently, last May 12 of this year, people witnessed the third halving where BTC is further reduced to 6.25 per block.Bitcoin halving, a pre-programmed event where the number of Bitcoin rewards per block is literally halved or divided by two, usually happens every four years. There are many theories as to why it was programmatically designed in such way. Nevertheless, this unique scarcity makes it more valuable as the more it becomes rare, the demand for it goes higher so does its price.Where can I Spend Bitcoin?Though the price of Bitcoin in the market is very volatile due to its relatively new system, Bitcoin is as good as your local currency which can be converted anytime. There are also a growing number of merchants and business who are embracing Bitcoin payments.How to get a Bitcoin? There are a lot of free cryptocurrency wallets available in the market today. These wallets will help you generate your first Bitcoin address, which you can use for transactions. Some of these have instant Bitcoin to local currency exchanges, and also offer debit card services linked to their wallet, making it easier to spend.Cryptocurrency wallets like Swipe offer a multi-asset digital wallet solution that supports Bitcoin together with other cryptocurrencies. Upon verification, Swipe users can buy, sell, and spend cryptocurrencies, including Bitcoin, within the app. It also has a Swipe Visa Card linked to its platform and has existing partnerships with Apple, Samsung, and Google Play, making it conveniently accessible for users across the world.Swipe users can also enjoy up to five percent cashback paid in BTC as Swipe acknowledges the big role that Bitcoin played in the cryptocurrency industry.Bitcoins paved the way for easier financial management. Through this discovery, people realized that there is a possibility of managing their own funds without going through any authorities to validate their transactions. Lastly, since this is a digital currency with no physical existence, people can find new solutions to further strengthen its security and accessibility. In time, people will realize the need for financial security upgrades on fiat currencies through the example given by the growth and expansion of Bitcoin and other cryptocurrencies.How about you? How will you explain Bitcoin to peers who don’t understand it?The Truth Behind Bitcoin was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 05. 20

Swipe Bi-Weekly Update #4

As the world struggles to fight off the coronavirus, the Swipe team tries to, in a way, ease the weight of its users by offering services and activities that will help its users access their cryptocurrencies smoothly and easily, even at the comfort of their very own home! Swipe has also again launched another Twitter giveaway event giving away $10,000 in Bitcoins!Twitter ContestSwipe recently announced on Twitter another giveaway contest where 100 selected random participants can win $100 worth of Bitcoins (BTC), giving away a total of $ 10,000 BTC.Users must simply follow Swipe and our Chief Executive Officer Joselito Lizarondo on Twitter, like the contest tweet, and retweet and tag three friends to join the contest. Ten winners will be announced every week on the Twitter page.Waived Card FeesStill valid until the end of May, all Swipe Visa card services are free! No membership fee, annual fee, card order fee, and shipping fee will be charged for the users who will avail of these services. Order now and spend your cryptocurrencies and earn up to 5% cashback in BTC.Learn with Swipe ProjectPart of Swipe’s initiative is to educate its future and existing users of anything and everything about crypto. Last week, Swipe launched its “Learn with Swipe: Your Essential Guide to Cryptocurrencies and Financial Technology” blog project. Through this blog project, Swipe aims to share with its potential and existing users the knowledge and ideas about cryptocurrency and financial technology.On its first and second blog posts, the team discussed what cryptocurrency is and the importance of owning a cryptocurrency wallet. Check out the future blog posts to learn more about cryptocurrency!Swipe Wallet app v1.37 updateSwipe has released an updated version of its mobile wallet application. The Swipe v1.37 version has fixed bug issues, enhanced the cryptocurrency charts, added banknote with a dollar sign and crypto sub-menus, and upgraded the credit card funding.Download the updated version here: http://sw.pe/AppStay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe Bi-Weekly Update #4 was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 05. 19

Your Guide to Cryptocurrenc...

In order to use cryptocurrencies, a potential user must have a cryptocurrency wallet. But what is a cryptocurrency wallet? What role does it play in securing your cryptocurrencies?A cryptocurrency wallet, to put it simply, is a digital medium used to buy, send, receive and spend digital currencies, such as Bitcoin and any other supported altcoins or tokens. Users can view their cryptocurrency balances and make transactions using a cryptocurrency wallet.How Does it Work?Note that since cryptocurrencies are virtual currencies that runs on the blockchain, wallets are created not to contain or store cryptocurrencies but to act as a medium for the user to interact within the blockchain. A wallet generates and holds both private and public keys that allows users to access their cryptocurrencies conveniently.Confused?Imagine a vault. Storage vault helps secure things conveniently and securely. The same goes for a cryptocurrency wallet. It acts as a storage of both private and public keys, which are needed for any cryptocurrency transactions.Each wallet gives its users a unique account number more popularly known as a wallet address. A public key is used to generate a unique wallet address. Wallet addresses are simplified versions of public keys and a combination of randomly generated upper and lowercase letters, and numbers. Just like normal bank accounts, a wallet address can be shared with other people to receive cryptocurrencies.Sample of a BTC Address:1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNaPrivate keys, on the other hand, serves as the password or verification code of the user’s cryptocurrency transactions. It gives users access to the actual funds they have on the blockchain. Unlike public keys which can be shared publicly, private keys MUST ALWAYS be kept safely by the user. So, if the user unlucky losses his public key or address, it can always be retrieved given that he still has the private key.Cryptocurrency wallets let users view their existing balances and move cryptocurrency funds (such as buying and selling cryptocurrencies) on the blockchain system using these keys. A public key is only tied to one private key, meaning only the user can verify the transactions within his or her wallet.Types of Cryptocurrency WalletWallets can be classified into two categories: hot wallets and cold wallets. A hot wallet is a wallet connected to the internet while cold wallets are not. Under these categories are various cryptocurrency wallet types, namely, paper wallets, hardware wallets, and software wallets.Selecting a specific type of wallet depends on the needs of each individual as every wallet has different functions and features. Some wallets are made for only a single cryptocurrency, while some offer more than one coin or altcoins.Paper WalletsPaper wallets are cold wallets wherein public and private keys are printed out in a sheet of paper (usually in a QR code form). This is not connected to any servers, and the only way to access it is to enter the key into any software wallet or scan the QR code. Open source services are available online to create the keys locally on your computer or device. This means that the data is not sent over the internet, leaving it safe and secure (considering that your device is virus-free and malware-free). Since these wallets are printed out, users must keep it carefully to avoid any theft by losing it.Hardware WalletsHardware wallets are dedicated electronic devices (like USB) that stores a user’s private and public keys. It uses a Random Number Generator (RNG) to generate public and private keys. Users need to plug-in their device in any computer or laptop with an installed program that lets users do transactions.Software WalletsThis kind of wallet comes in three different forms, namely, web, desktop, and mobile wallets. The similarity with these forms is they are all connected to the internet.Web WalletWeb wallets allow users to access blockchains through the use of any web browser without installing anything. Though they are more convenient to access, it can be vulnerable to hacking attacks and theft.Desktop WalletDesktop wallets are downloaded and installed on a specific computer or laptop. It gives users full control over their keys and funds. Ensuring that the computer is free from any viruses or malware before and during the wallet is installed helps remove the possibility of any malicious hacking attempts.It is important to regularly backup the desktop wallet and private keys in order to access this wallet in case the computer or laptop in which the wallet is installed malfunctioned.Mobile WalletLike its desktop counterpart, a mobile wallet runs in a smartphone using a mobile application. These are considered more convenient than the desktop wallet as it can technically be used anywhere and everywhere with the use of the mobile phone.Most of the coins or tokens available in the market have their own wallet. In the case of Swipe Token (SXP), it has its very own Swipe Wallet app which runs on the Ethereum blockchain. The Swipe Wallet application supports multiple types of cryptocurrencies where users can buy, send, and spend it instantly within the app.Having a cryptocurrency wallet is an essential part of managing cryptocurrency funds. By using a wallet, users can easily send and receive cryptocurrency funds. On which kind of wallet is safe to use, it really depends on the needs of each individual. Each type of wallet has a unique function which is why it is important to identify your needs before getting a specific type of wallet.Your Guide to Cryptocurrency Wallets was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 05. 16

Understand Cryptocurrencies...

Crypto enthusiasts witnessed the third Bitcoin halving this May 12 at 6.25 BTC per block. Bitcoin is the most wide-known type of cryptocurrency present today, being the first successful digital currency ever built.But what is cryptocurrency? What role does it play in the advancement of financial technology? In this article, we will explain briefly cryptocurrency to guide beginners who are just new to the industry.Cryptocurrency, in layman’s term, is a form of digital currency or virtual money. Even if they are a form of currency, it doesn’t physically exist.Most cryptocurrency transactions run in blockchain technology, a recordkeeping technology or ledger that uses a network of computers to store a record of transactions such as date, time and amount, etc. Timestamps are added at the end of previous timestamps, thus, creating a “chain-like” flow making these records nearly impossible to get altered or change. This technology helps users confirm their cryptocurrency transactions without going through any central authority, making it decentralized and theoretically immune to government interference or manipulation.Brief HistoryThe idea of cryptocurrency has long existed since the 1980s but it was only in 2008 when a person or a team under the name Satoshi Nakamoto published a paper titled, “Bitcoin: A Peer-to-Peer Electronic Cash System” it was fully realized.In the paper, Nakamoto emphasized two important ideas: “peer-to-peer transactions” and “digital currency.” Nakamoto found a way to make the digital currency transaction without going to any central authority — using cryptography and blockchain technology to make the transactions efficient and secure.Kinds of CryptocurrenciesSince the introduction of Bitcoin in 2008, thousands of cryptocurrencies emerged and each has its own specific function. At present, there are over 2,000 reported number of cryptocurrencies available. These thousands of cryptocurrencies fall under three categories: Bitcoins, Altcoins, and Tokens.Bitcoin is the cryptocurrency that started the success of all the cryptocurrency available today. It runs on its own blockchain, with each transaction happens directly between users calling it a “peer-to-peer network.” This technology that Bitcoin introduced, paved the way to the success of the succeeding cryptocurrencies available in the market today.Altcoins or “alternative” coins to be exact pertains to any coins other than Bitcoin. Like Bitcoin, these coins run its own blockchain network and operates separately and differently from Bitcoin.Some of these coins run a very different use compared to Bitcoin. In the case of Ethereum (ETH), it is designed not to be used as a digital currency but to fuel the transactions for creating applications on its own blockchain. As stated on its website, in Ethereum, “you can write code that controls digital value, runs exactly as programmed, and is accessible anywhere in the world.”The third type of cryptocurrency is called Tokens. Unlike Bitcoin or Altcoin, Tokens do not have their own blockchain. Instead, they rely on using existing blockchains such as Ethereum or NEO.Some developers create their own tokens to be used in their decentralized applications. In the case of Swipe, the Swipe Wallet and its native token Swipe Token (SXP) are tied and built into the Ethereum blockchain using its Wallet Smart Contracts and Time Lock Contracts that are open-sourced and available on its GitHub page.So, what is the best cryptocurrency available to use? The answer to this question is really subjective as the choice depends on each user and their specific needs.Why Use Cryptocurrencies?Simple. Thanks to this modern discovery, people will have a better option for managing, sending, and investing their own funds.Financial institutions take time to validate international settlements, and it usually comes with hefty transaction fees. Imagine a life where you can use, send, spend, or manage your money without going through the tedious process of going through any banks or any authority to do these transactions. Wouldn’t it be easier? That’s what cryptocurrency aims to bring on the table. Cryptocurrencies work around the traditional system with the use of blockchain technology.Understand Cryptocurrencies the Easy Way was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 05. 13

Swipe April 2020 Updates

This month, Swipe focused on the need of the users to have a seamless and, as much as possible, contactless transactions worldwide. Swipe joins the community in aiming to lessen the people’s exposure to the global pandemic COVID-19 by providing solutions to its users.Swipe also continues to provide excellent service through partnership activities and giveaway events to its community.Swipe SpotlightSwipe recently launched the “Swipe Spotlight” program aiming to either list or highlight a new or existing coin/token on the platform. Users will be able to enjoy a 0% fee for using the selected coin/token on the Swipe platform compared to the normal charge of 1% for buying, selling and spending cryptocurrencies and 4.5% for debit card or credit card and Apple Pay purchases.Users will benefit from receiving no fees on these purchases in a form of rebate after 30 days.Swipe Visa Cards Contactless NFC UpdateSwipe announced this April that it increased the limits for its PIN-less NFC tap payments. The company acknowledges the current need to limit the people-to-people transactions to avoid the possibility of acquiring the COVID-19 disease. The limits for physical payments are €50 per payment with a daily limit of €150.SXP Deflationary Supply ModelThis month, Swipe explained the deflationary model its implements called “tokenomics.” Swipe Token (SXP) has a 300,000,000 fixed supply programmatically designed to become lower over time due to the nature of the protocol. The total SXP supply is designed to decrease, as more demand and use in the protocol happens within the Swipe user base and community.In the Swipe Network, 80% of transaction fees that flow through its protocol get automatically destroyed by a smart contract that has been audited and verified by CertiK. 20% of those transaction fees remain in the protocol for Swipe, and in the future, this 20% will be for the validators, as network fees they earn when they validate the transactions of the network.Swipe plans to upgrade the protocol into a DAO where users can vote on protocol changes. More details on the Swipe v2 protocol will be released via a revised Swipe Network whitepaper soon.Swipe Spotlight: TRXSwipe Wallet verified users are now able to use TRON (TRX) on the Swipe platform. Users can buy TRX with a linked bank account in the UK and EU with SEPA transfer or wire funds via SWIFT. TRX may also be purchased with a verified Visa or MasterCard debit or credit card and Apple Pay.TRX was also selected as April’s Swipe Spotlight coin. This means that Swipe users were able to enjoy buying, selling and spending TRX without any fees for the whole month of April.Twitter GiveawaySwipe continues to give back to its users as it has recently announced the 10 lucky users on its recent twitter giveaway. Winners received $100 in Bitcoin (BTC) through Swipe’s Twitter Giveaway Event in celebration of its May 1st announcement.Earn cash back in Bitcoin (BTC) via Swipe Visa CardSwipe Visa card users in the United Kingdom and 28 countries* in Europe can now earn their cash back in Bitcoin (BTC). Swipe Visa card users can also enjoy converting their cryptocurrencies to Euros, spend Euros and earn crypto, use Google Pay, and use Visa Paywave NFC tap payments.ARK and USDC integration on Swipe WalletSwipe has listed ARK and USD Coin (USDC) on the Swipe Wallet platform. Swipe users can now buy and sell these cryptocurrencies via their linked bank account or cards, spend it to fiat using Swipe Visa, and exchange these coins instantly with all the supported coins in the Swipe Wallet platform.Swipe Token available at Vision Crypto App and VCC ExchangeSwipe announced that its native token Swipe Token (SXP) is now available at Vision Crypto App and VCC Exchange.Vision and VCC Exchange users can now start adding SXP on their portfolio and wallet and start trading SXP/BTC, respectively.BQ.Net x Swipe TokenSwipe Token (SXP) is now officially listed for trading at BQ.Net (Bitsdaq). Users of BQ.Net can now make SXP deposits and withdrawals and trade with SXP/BTC pair on the platform.Users are now able to deposit SXP to Bittrex Global immediately and trade with SXP/BTC Pair.Waived Swipe Visa Card Fee this MayIn celebration of the Bitcoin Halving, all Swipe Visa Cards will be free for the entire month of May. No membership fee, annual fee, card order fee, and shipping fee will be charged for the users who will avail of these services.Spend crypto and earn up to 5% cashback in Bitcoin.Swipe Launches Samsung Pay for Swipe Visa CardholdersSwipe Wallet Android users can now add their Swipe Visa Debit cards directly to their Samsung Pay Wallets. Samsung Pay gives Swipe Visa cardholders access to a secure and fast way to pay with their smartphones, smartwatches, and other Samsung Pay-enabled devices. With this integration and relationship with Samsung, cardholders can enjoy these benefits instantly and use their cryptocurrencies at over 50 million locations worldwide.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe April 2020 Updates was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 05. 05

Swipe Launches Samsung Pay ...

Swipe Wallet is proud to announce that starting today, Swipe Android users can now add their Swipe Visa Debit cards directly to their Samsung Pay Wallets. Swipe is excited to partner with its issuing bank and to collaborate with Samsung to release this new product to bridge the gap in spending cryptocurrencies to fiat currencies.The Swipe Card is a Visa debit card funded by cryptocurrencies such as Bitcoin for Euros to be spent anywhere Visa is accepted. Swipe has previously launched support for Google Pay and now adds to Samsung Pay to broaden the reach of accessibility for Swipe users.Samsung Pay gives Swipe Visa cardholders access to a secure and fast way to pay with their smartphones, smartwatches, and other Samsung Pay-enabled devices. With this integration and relationship with Samsung, cardholders can enjoy these benefits instantly and use their cryptocurrencies at over 50 million locations worldwide.Cardholders in the United Kingdom and European Union countries which include: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovenia, Slovakia, Spain, and Sweden are able to utilize Samsung Pay, in addition to Google Pay, giving Swipe the first multi-national digital wallet approach for both Samsung Pay and Google Pay on a wide number of cryptocurrencies.Joselito Lizarondo, Chief Executive Officer of Swipe stated, “We are excited to bring Samsung Pay to our cardholders.” This integration and relationship with Samsung will open cryptocurrency adoption and make transactions with our Visa card in Euros converted by crypto seamless. Given the current COVID-19 situation, and people steering away from physical products like cash and in some instances cards, a digital solution really helps put our client’s needs first.”About SwipeSwipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell, and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom and Estonia that service European users. The Swipe platform enables users to spend cryptocurrencies in real-time without having to manually convert the transactions prior. Users can also buy/sell cryptocurrencies with their linked bank accounts globally. Follow Swipe on Twitter, Facebook, Instagram, and Medium blog to get the latest news and updates.Your Swipe Visa Card and Account will be issued by Contis Financial Services Ltd who is authorized by the Financial Conduct Authority to issue e-money (Firm Reference Number: 900025) and is a member of Visa.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe Launches Samsung Pay for Swipe Visa Cardholders was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 05. 01

What You Need to Know about...

Sometime in May of this year, Bitcoin (BTC) is expected to have its “third halving” at block 630,000.What is Bitcoin halving and what are its implications in the industry?For starters, Bitcoin halving is a pre-programmed event where the number of Bitcoin rewards per block will be literally halved or divided by two. Meaning the present block reward of 12.5 BTC is expected to drop to 6.25 BTC per block.Each block is a permanent store of records. It is composed of records of all recent transactions in the Bitcoin network. A block is more likely compared to a ledger or a record book, and each time a block transaction is completed, it gives way to another block, thus “chaining” them together and creating a decentralized ledger.As of writing, the current blocks mined are around 626,344 The third halving is expected to take place around the middle of May, between 12th to the 24th of May, when the network hits its 630,000th block.Bitcoin was first launched in 2009 and had a block subsidy of 50 BTC. In November 2012, the first Bitcoin halving commenced and reduced the 50 BTC subsidy to 25 BTC. It further dropped on the second halving in 2016 by 12.5 BTC per block.Why does Bitcoin cut its block subsidy by half?Bitcoin has a total fixed supply of 21 million. At present, almost 18.3 million bitcoins were minted. This means that the number of bitcoins found per block will be scarcer, and doing a Bitcoin halving reward ensures that the total supply will reach 21 million in time. To moderate the rate of the issuance of new bitcoins, it reduces the amount of subsidy into 50% every 210,000 blocks, which happen every four years.With this halving, the miners or the nodes that maintain the bitcoin network will create fewer new Bitcoins. This doesn’t necessarily mean that the miners’ revenue will be reduced by half. Though it doesn’t rule out this possibility, the reduction refers to the number of BTC produced and not the value of BTC measured by fiat currencies.But why bitcoin investors are excited about the upcoming third halving?State-issued currencies rely on tough political and economic processes. Their amount and value depend on the economic growth and stability. This is totally different from Bitcoin, which already has an amount and inflation supply schedule that is definite and fixed.The prearranged number and schedule of BTC in the market is the unique factor of Bitcoins. This makes BTC technically scarce. Its current price and function influence its market value. Though the amount of BTC entering the system will be reduced, the demand might possibly stay the same or even higher, thus resulting in the probability of a BTC price increase. There is also the possibility of new market entrants, which might create more demand for buying BTC.No one knows what’s about to happen after the third Bitcoin halving. As the event draws closer, BTC might be more scarce. The value of BTC is volatile around and after the Bitcoin halving. A price increase after the halving is also not a total conclusion, though the previous two halving in 2012 and 2016 proved to have a significant increase in BTC prices.There are a lot of speculations on how this third halving would affect the BTC price as many believe that this upcoming event will still lead to an eventual increase in BTC. Thus, more earnings for its users. Another way users can earn BTC is through the Swipe Visa card rewards program available for users across Europe.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletWhat You Need to Know about Bitcoin Halving was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 04. 17

Swipe Bi-Weekly Update #3

The first two weeks of April landed new partnerships, programs, and integrations for the Swipe Wallet platform. To generate more awareness about Swipe, the team has been very active in promoting its services to the public and even giving away special prizes to lucky participants who joined the program.Send Crypto with iMessage GloballySwipe Wallet iOS users can now send cryptocurrencies directly via iMessage. This announcement of Swipe came after the recent fiat inflation happening across the world.To use this option, Swipe Wallet users can simply go directly to their iMessage and tap on the Swipe Widget to get started.Swipe Visa Cards Contactless NFC UpdateSwipe has increased the limits for its PIN-less NFC taps payments. As Swipe tries to help raise health awareness and to limit the possible exposure of its users to COVID-19, it has increased these limits so users do not have to touch keypads and just have to tap their cards. The limits for physical payments are €50 per payment with a daily limit of €150.SXP Deflationary Supply ModelThe Swipe Token (SXP) has implemented and deployed a deflationary supply model “tokenomics,” a different model compared to most traditional cryptocurrencies use in the market today.SXP follows a deflationary supply model. SXP has a 300,000,000 fixed supply programmatically designed to become lower over time due to the nature of the protocol. This means that the total SXP supply is designed to decrease as more demand and use in the protocol happens within the Swipe user base and community. In the Swipe Network, 80% of transaction fees that flow through its protocol get automatically destroyed by a smart contract that has been audited and verified by CertiK. 20% of those transaction fees remain in the protocol for Swipe, and in the future, this 20% will be for the validators as network fees they earn when they validate the transactions of the network. With this system, the total supply of SXP becomes lower as time progresses and the use of system increases.Swipe plans to upgrade the protocol into a DAO where users can vote on protocol changes. One change lined up on the launch of Swipe v2 will be the total supply cap. More details on the Swipe v2 protocol will be released via a revised Swipe Network whitepaper soon.Swipe Spotlight Coin: Tron TRXTRON (TRX) is the latest coin to join Swipe’s “Swipe Spotlight.” The Swipe spotlight program gives users a first-hand view of all the Swipe platform benefits and a specific coin with 0% fees.TRON (TRX) is running on the TRON blockchain, one of the largest blockchain-based operating system in the world. It is the official digital currency of Tron Foundation, which aims to build a decentralized internet and create a global free entertainment content system that utilizes the blockchain technology.Swipe Wallet verified users will be able to use the TRX through the Swipe platform. Users can buy TRX with a linked bank account in the UK and EU with SEPA transfer or wire funds via SWIFT. TRX may also be purchased with a verified Visa or MasterCard debit or credit card and Apple Pay. All of these features have NO FEES.Swipe Visa Cardholders can benefit by spending TRX to Euros at point-of-sale using the Swipe Network conversion system. That means if the Cardholder, in the United Kingdom and 27 other European Union countries, wants to buy coffee with TRX, all they need to do is enable the “Funding Source” to TRX in the App and just “swipe” their card. Swipe’s backend system will do the heavy lifting for its users to convert it to Euros so that the merchant gets paid immediately.Twitter GiveawaySwipe has announced the 100 lucky users on its recent twitter giveaway. Winners received $100 in Bitcoin (BTC) through Swipe’s Twitter Giveaway Event.On its recent Twitter post, Swipe is again giving away $1,000 worth of Bitcoins (BTC) to 10 lucky winners in celebration of its May 1st special announcement. To join, participants must like the pinned message on Swipe’s Twitter page, retweet the pinned message with #Swipe and Tag three friends.Earn cash back in Bitcoin (BTC) via Swipe Visa CardSwipe Visa card users in the United Kingdom and 28 countries* in Europe can now earn their cash back in Bitcoins (BTC). Swipe Visa card users can also enjoy converting their cryptocurrencies to Euros, spend Euros and earn crypto, use Google Pay, and use Visa Paywave NFC tap payments.*Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, & U.KARK and USDC integration on Swipe WalletSwipe has listed ARK and USD Coin (USDC) on the Swipe Wallet platform. Swipe users can now buy and sell these cryptocurrencies via their linked bank account or cards, spend it to fiat using Swipe Visa, and exchange these coins instantly with all the supported coins in the Swipe Wallet platform.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe Bi-Weekly Update #3 was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 04. 13

Swipe Spotlight Coin: Tron TRX

On Friday, Swipe has announced the latest coin to join our program called: Swipe Spotlight. Swipe spotlight gives our users a first hand view of all the benefits of our platform and a specific coin with 0% fees.TRON (TRX) is running on the TRON blockchain, one of the largest blockchain-based operating system in the world. It is the official digital currency of Tron Foundation, which aims to build a decentralized internet and create a global free entertainment content system that utilizes the blockchain technology.Swipe Wallet verified users will be able to use TRX through the Swipe platform. Users can buy TRX with a linked bank account in the UK and EU with SEPA transfer or wire funds via SWIFT. TRX may also be purchased with a verified Visa or MasterCard debit or credit card and Apple Pay. All of these features have no fees!Swipe Visa Cardholders can benefit by spending TRX to Euros at point-of-sale using our Swipe Network conversion system. That means if the Cardholder, in the United Kingdom and 27 other European Union countries, wants to buy coffee with TRX, all they need to do is enable the “Funding Source” to TRX in the App and just “swipe” their card. Our backend system will do the heavy lifting for our users to convert it to Euros so that the merchant gets paid immediately.Joselito Lizarondo, Swipe’s CEO, stated, “We are thrilled to list Tron TRX on our platform and ecosystem to give users access to a top cryptocurrency! Users will benefit from 0% in fees with our rebate to really help users in this time of need. They can buy, sell, and pay with TRX all with our Swipe Wallet and Swipe Visa Card.”TRON (TRX) is listed at over 70 exchanges worldwide. As of writing, it is currently priced at $0.013513 USD with a market cap of $901,101,808 USD, as stated at CoinMarketCap. TRX also has a total supply of 99,281,283,754 TRX with a circulating supply of 66,682,072,191 TRX.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe Spotlight Coin: Tron TRX was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 04. 09

SXP Implements Deflationary...

SXP Deflationary Supply ModelThe Swipe Token (SXP) has implemented and deployed a deflationary supply model “tokenomics,” a different model compared to most traditional cryptocurrencies use in the market today.Coins like Ether and EOS have an infinite inflation model, meaning, in their current state, there is a number of new coins hitting the market every year with no cap designed to result in endless inflation over time. Bitcoin also has inflation, but with a total fixed supply of 21 million. That means the rate of new coins that hit the market will decrease every four years in half until all 21 million coins are mined, which makes the total supply of Bitcoin 21 million forever (minus the ones that have been lost).Swipe Token (SXP) is different and follows what you call a “deflationary supply model”. SXP has a 300,000,000 fixed supply which is programmatically designed to become lower over time due to the nature of the protocol. This means that the total SXP supply is designed to decrease as more demand and use in the protocol happens within the Swipe user base and community. In the Swipe Network, 80% of transaction fees that flow through its protocol get automatically destroyed by a smart contract that has been audited and verified by CertiK. 20% of those transaction fees remain in the protocol for Swipe, and in the future, this 20% will be for the validators, as network fees they earn when they validate the transactions of the network.With this system, the total supply of SXP becomes lower as time progresses and the use of system increases. Now the next question that comes to mind is: what’s the balance between this system to ensure that the supply doesn’t run out?Swipe plans to upgrade the protocol into a DAO where users can vote on protocol changes. One change lined up on the launch of Swipe v2 will be the total supply cap. The proposal will ensure that the total fixed supply will never be lower than 100,000,000. Once this supply hits the protocol, it will no longer be destroying SXP as part of the fee process, and all fees collected by the network will be distributed to validators.More details on the Swipe v2 protocol will be released via a revised Swipe Network whitepaper soon.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSXP Implements Deflationary Supply Model was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 04. 09

Swipe Visa Cards Contactles...

Swipe is pleased to announce that we have increased the limits for PIN-less NFC tap payments. As we try to limit the exposure of the global pandemic Swipe has increased these limits so users do not have to touch a keypad and they just have to tap their cards. The limits for physical payments are €50 per payment and daily limit of €150.Your Swipe Account & Visa Card will be issued by Contis Financial Services Ltd who is authorised by the Financial Conduct Authority to issue e-money (Firm Reference Number: 900025) and is a principal member of Visa. Please note the Visa card is an electronic money product and although it is a product regulated by the Financial Conduct Authority, it is not covered by the Financial Services Compensation Scheme. We ensure that any funds received by you are held in a segregated account so that in the unlikely event that Contis Financial Services Ltd becomes insolvent your funds will be protected against claims made by creditors.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe Visa Cards Contactless NFC Update was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 04. 03

Introducing Swipe Spotlight

Swipe is thrilled to announce our all new coin program called: Swipe Spotlight.Swipe Spotlight is a program we have launched to either list a new coin/token on our platform or highlight an existing coin/token that is already on our platform for our users. By doing so, we will give users information about the coin and will also be doing something very special for those users, given this global pandemic, whom want to buy, sell, or spend with the spotlight coin/token.These coins/tokens will enjoy 0% fees for using them on our platform. As a company, we typically charge 1% fee for buy, sell, and spends on any supported coin/token, as well as, charge 4.5% fees for debit card, credit card, or Apple Pay purchases. Users will benefit from receiving no fees on this purchase in the form of a rebate after 30 days.Swipe will be announcing a Swipe Spotlight project atleast once a month starting with Friday April 3, 2020.Spotlight Rules:This offer is launched by Swipe and has the sole discretion cancel or modify this offer at any time.Spotlights are available for 30 days and paid in the form of fiat rebate after 30 days.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletIntroducing Swipe Spotlight was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 04. 03

Swipe March 2020 Updates

Swipe keeps its promise to continue its mission on bringing cryptocurrency to mass adoption. Despite the recent global events that affected most of us, Swipe’s year-long giveaway campaign plans and partnerships are still on a roll.Free Fiat in Transactions for Swipe Wallet Verified UsersThe Swipe team understands the needs of each of its users. In these challenging times, the team wishes to at least ease out the current situation by removing all fiat in fees for all verified users. Swipe verified users can now top up their Swipe Wallet account with USD, EUR, GBP, and more for free!$DAI Now Available on SwipeOn March 21, through its social media pages, Swipe announced the launch of the DAI in the Swipe Wallet application. Swipe users can now able to buy and spend DAI directly from the application.Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) pegged to maintain a value of $1.00 USD. According to its website, DAI’s stability is unmediated by any central party, and its solvency does not rely on any trusted counterparties. All circulating Dai are generated from Maker Vaults and are backed by a surplus of collateral assets.Twitter Giveaway100 lucky users will receive $100 in Bitcoin (BTC) through Swipe’s Twitter Giveaway Event. Complete mechanics are found on Swipe’s official twitter page. Winners will be announced every 48 hours!Swipe X Bittrex GlobalSwipe is now officially listed for trading at Bittrex Global. Users are now able to deposit SXP to Bittrex Global immediately and trade with SXP/BTC Pair.Bittrex Global is one of the secured trading platforms and digital holding infrastructure worldwide. Located in Zurich, Bittrex Global provides its customers with an institutional-grade experience for businesses, and individuals, alike.Bittrex adds to the list of reliable trading platforms that SXP is currently listed such as DigiFinex, Bilaxy, Kucoin, Bithumb Global, Bithumb Korea, Uniswap, CoinTiger, and IDEX.Swipe Visa Cards Now Available on Google PaySwipe is proud to announce that the Swipe Visa Debit Cards can now be added to Swipe users’ Google Pay wallet. With this feature, Swipe users will be able to add their Visa card and pay at any point-of-sale terminal that accepts Google Pay.With this feature, Swipe European users will be able to get full access to the Swipe Card platform. They can easily spend their cryptocurrencies with their smartphones using Google Pay wherever VISA is accepted.Work Safely from HomeAmidst this global pandemic, Swipe is searching for a pool of talents that can help us bring our mission to bring cryptocurrency to commerce a success.Swipe, a financial services company, has a Business Continuity Plan for its operations to continue in spite of the recent global issues. Swipe is looking for talented individuals to fill positions in our decentralized style workforce structure.If you think you are the right person to join our team, send your résumé and cover letter telling why you’d be a great fit.Email us at careers@swipe.ioSend Over 26 Cryptocurrencies via iMessage with SwipeSwipe Wallet iOS users can now send cryptocurrencies directly via iMessage. This announcement of Swipe came after the recent fiat inflation happening across the world.To use this option, Swipe Wallet users can simply go directly to their iMessage and tap on the Swipe Widget to get started.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe March 2020 Updates was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 04. 02

Swipe February 2020 Updates

The second month of 2020 ended with exciting bounty campaigns, giveaways, and partnerships for Swipe. With a good number of participant turnouts, Swipe aims to bring more activities like these on its platform to maintain the interest and satisfaction of its subscribers.Telegram Giveaway Winners NotifiedSwipe has awarded 50 lucky contestants with $5,000 worth of Bitcoin (BTC) and Swipe Token (SXP) on Swipe’s Telegram bounty campaign. Winners were notified via the Swipe Wallet app and credited their balances. Winners will be able to withdraw or use the funds that they’ve won immediately.SXP listed on DigiFinexSwipe announced that its native coin SXP is officially listed on Digifinex, a leading international cryptocurrency exchange.SXP won second place in the 11th round of Community Token listing registration of DigiFinex. The trading platform started to list SXP and open the withdrawal and trade transactions on February 11.At present, SXP is currently listed on DigiFinex, Bilaxy, Kucoin, Bithumb Global, Bithumb Korea, Uniswap, CoinTiger, and IDEX trading platforms.Swipe & Chainlink RelationshipSwipe announced its partnership with Chainlink, a decentralized oracle network provider, that will enable the Swipe platform to access Chainlink’s decentralized price feed oracles, particularly their ETH-USD Price Reference Contract, and a custom-built decentralized price reference network for SXP-USD, representing Swipe’s native token.Chainlink’s oracle solution will allow Swipe to create a stable, yet decentralized bridge between reliable off-chain prices and Swipe’s on-chain transactions. Multiple Chainlink oracles evaluate the same data point, thus eliminating one oracle being a single point of failure or absolute truth.Additionally, Swipe will use Chainlink’s ETH-USD price feed to cross-reference against the SXP-USD price feed to allow users to spend SXP directly on Ethereum Dapps.Last Chance to Win 7,000 SXP via WinPlay.App x SwipeFrom February 12 to March 4, 2020, Swipe will be giving away 7,000 worth of SXP to the top 500 participants on WinPlay.App, the rebranded version of Kucoin’s KuCoinPlay.Take part now for a chance to win your share!Contest Link: swipe.ws/winplayxswipeSXP locked in a Time-Lock Smart Contract audited by CertiK$78,927,344 of Swipe Tokens (SXP) are now officially locked in a Time-Lock Smart Contract audited by CertiK, a leader in smart-contract audits and formal verifications. With this lock, Swipe has moved over the Team tokens over a time locked period of eight years.Swipe has now deposited these tokens into a time-lock smart contract on Ethereum that has a programmatic release in accordance with the Swipe White Paper.Swipe has also worked with Etherscan to provide a nametag for this account under “Swipe: Treasury 3” so it’s easily viewable to all users.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletYouTube: https://youtube.com/SwipeWalletSwipe February 2020 Updates was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 03. 04

Swipe Bi-Weekly Update #2

It has been very busy for the past few weeks for the Swipe team. With the ongoing partnerships and contests organized by the team, Swipe aims to share its latest updates regularly to maintain the company’s transparency and communication to its users and the public.Telegram GiveawayFIFTY lucky contestants will get a chance to win $5,000 worth of Bitcoin (BTC) & $5,000 in Swipe Token (SXP) on Swipe’s Telegram bounty campaign.To register, Telegram users must follow @SwipeWallet and retweet with #SATSBACK on Twitter, join its official Telegram community t.me/SwipeWallet, bounty the @Swipe_Chat_Bot, and follow all the instructions by the Bot. Winners will be announced on March 1, 2020.SXP listed on DigiFinexOn Swipe’s first Bi-Weekly update, it has announced that it will be listing its SXP on DigiFinex, one of the leading cryptocurrency exchanges worldwide.This announcement came after SXP won second place in the 11th round of Community Token listing registration of DigiFinex. DigiFinex started to list SXP and open the withdrawal and trade transactions on February 11. Deposit service opened on February 10 and to celebrate the listing it air-dropped 5,000 worth of SXP.At present, SXP is currently listed on the trading platforms such as Bilaxy, Kucoin, Bithumb Global, Bithumb Korea, Uniswap, CoinTiger, and IDEX. On its earlier update, the Swipe team mentioned that it has requested the delisting of its coins to Livecoin, p2pb2b, and LAToken. This direction of Swipe aims to open a higher liquidity access point for users to buy SXP.Swipe & Chainlink RelationshipSwipe recently partnered with Chainlink, a reliable decentralized oracle network provider, to enable the Swipe platform to access Chainlink’s decentralized price feed oracles, particularly their ETH-USD Price Reference Contract, and a custom-built decentralized price reference network for SXP-USD, representing Swipe’s native token.Chainlink’s oracle solution will allow Swipe to create a stable, yet decentralized bridge between reliable off-chain prices and Swipe’s on-chain transactions. Multiple Chainlink oracles evaluate the same data point, thus eliminating one oracle being a single point of failure or absolute truth.Additionally, Swipe will use Chainlink’s ETH-USD price feed to cross-reference against the SXP-USD price feed to allow users to spend SXP directly on Ethereum Dapps.WinPlay x SwipeSwipe recently launched a contest on WinPlay.App with KuCoin. From February 12 to March 4, 2020, Swipe will be giving away 7,000 worth of SXP to the top 500 participants on WinPlay.App. Take part now for a chance to win your share.Contest Link: swipe.ws/winplayxswipeWinPlay.App is the rebranded version of Kucoin’s KuCoinPlay. On its official announcement last February 14, KuCoin stated that it has “reached a consensus with the KuCoinPlay team that KuCoinPlay should be rebranded as WinPlay.App and from now on the platform will be operated independently. With this change, WinPlay.App will be able to serve not only the projects listed on KUCOIN but all blockchain startups.”$78.9M worth of SXP locked in a Time-Lock Smart Contract audited by CertiKSwipe officially locked $78,927,344 of Swipe Tokens (SXP) in a Time-Lock Smart Contract audited by CertiK, a leader in smart-contract audits and formal verifications. With this lock, Swipe has moved over the Team tokens over a time locked period of eight years.Swipe has now deposited these tokens into a time-lock smart contract on Ethereum that has a programmatic release in accordance with the Swipe White Paper.Swipe has also worked with Etherscan to provide a nametag for this account under “Swipe: Treasury 3” so it’s easily viewable to all users.Swipe promises to keep its community updated and well-informed of its activities and projects. To get the latest news from Swipe, don’t forget to follow its official social media pages:Website: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWallet & https://t.me/SwipeLinkedIn: https://www.linkedin.com/company/swipewalletSwipe Bi-Weekly Update #2 was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 02. 17

Swipe Locks $78.9 million d...

Swipe is proud to announce that we have officially locked $78,927,344 of Swipe Tokens (SXP), at press time, in a Time-Lock Smart Contract audited by CertiK! This announcement follows up our public AMA in where Swipe’s Chief Operating Officer stated that Swipe’s Team allocation tokens would no longer be freely transferable. With our partnership with CertiK, we have now deposited these tokens into a time-lock smart contract on Ethereum that has a programmatic release in accordance with the Swipe White Paper.Swipe Time-Lock Smart Contract Certification CodeWith this lock, Swipe has moved over the Team tokens over a time locked period throughout 8 years. This shows transparency and commitment to the protocol with a high level of security verified by CertiK, a leader in smart-contract audits and formal verifications.The address for the time lock contract is the following: 0x6c42c72e80481ad654e63d364bb9d86c90819a25Swipe has also worked with Etherscan to provide a nametag for this account under “Swipe: Treasury 3” so its easily viewable to all users.Thank you!Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeInstagram: https://instagram.com/SwipeYoutube: https://youtube.com/SwipeWalletSwipe Locks $78.9 million dollars worth of SXP in Audited Time-Lock Smart Contract was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 02. 13

Swipe Leverages Chainlink t...

Swipe recently collaborated with Chainlink, a reliable decentralized oracle network provider that offers high-security data solutions to smart contracts on any blockchain. The new integration will enable the Swipe platform to access Chainlink’s decentralized price feed oracles, particularly their ETH-USD Price Reference Contract and a custom-built decentralized price reference network for SXP-USD, representing Swipe’s native token.Chainlink’s oracle solution will allow Swipe to create a stable, yet decentralized bridge between reliable off-chain prices and Swipe’s on-chain transactions. This is accomplished by having multiple Chainlink oracles evaluate the same data point, thus eliminating one oracle being a single point of failure or absolute truth.Decentralized applications are only as strong as their weakest component. Hence, why highly secure blockchain-based smart contracts are insecure if being triggered by data about price conversions from a single, centralized oracle. By decentralizing the data sourcing around token price conversions for point of sale transactions, such as through the SXP-USD decentralized price feed, Swipe users get more secure, reliable, and accurate pricing when buying, selling, and spending SXP.Additionally, Swipe is using Chainlink’s ETH-USD price feed to cross-reference against the SXP-USD price feed to allow users to spend SXP directly on Ethereum Dapps. By knowing the SXP and ETH price in USD, The Swipe platform could easily convert it using Swipe’s point of sale conversion technology.Swipe’s CEO Joselito Lizarondo stated, “I believe this relationship is vital for Swipe users who need access to Chainlink’s trusted oracle services. By collaborating with Chainlink, Swipe will effectively address the security problems for off-chain connections that currently exist for users of the Swipe Network Wallet-Contacts.”About SwipeSwipe is a wallet application and card platform that grants users access to buy, sell, and pay with 20+ digital currencies. Through its proprietary Swipe Network, users are enabled to convert digital currencies to fiat currencies on-demand. Swipe is headquartered in London with additional locations in the United States, Estonia, and the Philippines. Its mission is to enable users around the world access to financial services tied into digital currencies. The Swipe Wallet is available both on the Apple iOS and Google Play app stores. Learn more about Swipe by visiting Swipe.io, Twitter or Facebook.About ChainlinkChainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to great companies like Google, Oracle, SWIFT, and many other large enterprises, as well as many of the world’s best smart contract projects/teams such as Web3/Polkadot, Synthetix, Loopring, Aave, Kaleido, OpenLaw, Reserve, and many more.Learn more by visiting the Chainlink website, Twitter or Reddit. If you’re a developer, visit the developer documentation or join the technical discussion on Discord.Swipe Leverages Chainlink to Bring Decentralized Pricing into the Swipe Network was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 02. 12

Swipe January 2020 Updates

Swipe started the year actively with its aggressive referral programs and partnerships. Amid its preparations for the opening of its headquarters in the Philippines, Swipe continues to give its users the best and complete Swipe user experience through these activities:Swipe Now Supports Apple Pay TransactionsSwipe Wallet users can now purchase over 20 supported cryptocurrencies with Apple Pay. In the recent announcement of Swipe, this integration will allow Swipe Wallet iOS users a faster and easier option of purchasing their preferred cryptocurrencies directly on the application.Swipe iOS users can buy from over 20 supported cryptocurrencies listed by linking their Apple Pay details in the Swipe Wallet application.BTC GiveawaysSwipe aims to bring the mass adoption of cryptocurrencies to users worldwide. To make this goal into reality, the team has come up with BTC cash back and giveaway programs on Twitter. In January, Swipe has given away over $11,000 in BTC rewards.It has awarded 100 free Swipe Saffron cards with $ 100 in BTC to select users who followed the Swipe Twitter page, retweeted #SATSBACK, and tagged three friends on the social media platform.Swipe also plans to use its current #SATSBACK program to bring more amazing referral contests on its social media platforms.New SXP ListingsIn the same month, Swipe also announced the Swipe Token (SXP) listing on Uniswap Exchange and Bithumb.Uniswap protocol provides an interface for seamless exchange of ERC20 tokens on Ethereum. By eliminating unnecessary forms of rent extraction and middlemen, Uniswap allows faster and more efficient exchange. On the other hand, Bithumb Korea is one of the largest cryptocurrency exchanges in the world. Bithumb aims to provide financial platforms and services that connect people around the world.Swipe has also requested the delisting of SXP trading pairs from Livecoin, p2pb2b, and LAToken. The team decided to make a delisting request on these exchanges because these parties show either signs of poor security, fake volumes, or extremely low liquidity.Swipe promises its users to keep bad actors out of its system. With its relationship with Onfido, Swipe can perform strong verification to ensure long-lasting product line.New “Flash by Swipe™”Swipe, on January, launched its new “Flash by Swipe™” program to list new digital assets on the Swipe platform where users can then buy, sell, or pay using these assets. Swipe will list the chosen token after the community votes on the selected token.Swipe will then have a $500,000 sale of the selected token at 50% off “flash sale.” The amount of the allocation available per user is based on their SXP balance on the Swipe Wallet application.Swipe’s First Reddit AMASwipe posted its first “Ask Me Anything” or AMA on Reddit on January 31. On the AMA video, Swipe’s Chief Operating Officer (COO) John Khenneth Parungao answered the questions that some of the Swipe community users posted on Reddit, and shared the latest updates about Swipe products.By doing the AMA, Swipe hopes to give its users firsthand information about the activities and community updates of the company.These and more activities are part of Swipe’s 2020 development agenda. Swipe promises to bring in more partnerships and exciting activities on board to achieve its goal of having the cryptocurrency to widespread adoption.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeWalletInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWalletYouTube: http://youtube.com/swipewalletSwipe January 2020 Updates was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 02. 04

Swipe AMA — Episode 1

Swipe AMA — Episode 1Swipe’s First Reddit AMA of the Decade is now live!Watch: https://www.youtube.com/watch?v=ApeVCl8FclQHere is the transcript below:Nicole: Welcome Swipe community to our first Reddit Ask Me Anything, AMA, of the decade.We are excited to share the latest updates on what we are building and doing here at Swipe.As many of you are now aware, we are currently preparing to open our headquarters in Bonifacio Global City, Taguig, Philippines.And for today, we will be having our Chief Operating Officer, Mr. John Khenneth, to answer the questions that most of Swipe community users are curious about.Stay tuned to the very first Swipe AMA of the decade.John Khenneth: Hello, my name is John Khenneth, and I am the COO for Swipe.Our company is a multi-asset digital wallet application that is tied together with a debit card that gives users access to buy, sell, and pay with over twenty cryptocurrencies.As COO, I ensure that Swipe has a clear and concise plan of action to run our global operations. I have direct oversight on the strategy and vision of our products and how to bring our community and users together to use these products in a meaningful fashion to really bridge the gap between cryptocurrencies and fiat currencies.Today we will talk about our Agenda that was posted on Reddit which will be followed by our AMA. So, let’s begin.First, let’s talk about our new Time Lock Contracts and our special announcement.As you know, we have partnered up with Certik who helps audit and do formal verification of our smart contracts that we deploy on the Ethereum network. The Swipe Network and the Swipe Token operate on the Ethereum blockchain.We have previously locked up our founder tokens in a time lock smart contract to ensure transparency with our community in a trustless fashion, in a public, audited, and verified, smart contract. We also added a nametag via Etherscan so the public can easily find this address and its contents.Today, we are proud to announce that we have teamed up with Certik to audit our second Time Lock Smart Contract which will hold our Team Tokens.This means we are nearly freezing over 100 million dollars’ worth of Swipe Token (SXP) into a smart contract on the Ethereum blockchain with a time lock release that’s in accordance to our White paper of 1% monthly.There will only be a programmatic way to release our allocation as promised to our users.We are not saying that Swipe is not trustworthy to do what it promises, we are just saying we are using the power and tools available on the blockchain to make that process trustless and transparent, so it is very exciting for us to be able to provide this high level of clarity to our community and userbase.So, it is basically going to be the same smart contract used before but adjusted to meet this expectation of locking team tokens up as well. This is what we’ll do to make it public and trustless.So, about Swipe Wallet v2 Application. We are currently working hard to bring the next flagship version of the Swipe Wallet application to work directly with our Layer 2 solution, which we are building with a non-custodial method.Our White Paper talks about our Layer 2 scaling solution to change our backend processes that are currently off-chain, to directly onto a public ledger.We are working on forming some strategic partnerships to make this happen faster than expected, and we plan to enable the Swipe Wallet application to have a non-custodial feature to use this Layer 2 solution directly on the blockchain.So, in sum, Swipe Wallet v2 will have a native Layer 2 integration alongside a non-custodial wallet that users will be able to toggle and switch to without having to download 2 apps.We will have more information on this topic soon and just wanted to take this opportunity to provide some background on what we are doing. We will be constantly releasing version updates on v1 until v2 is ready.Now, the next topic that I am very excited about is Flash by Swipe. Flash by Swipe is a new program we are launching as a marketing plan to bring new digital assets voted by the community to the Swipe Wallet app.Originally what we will do is hold a voting poll for assets that meet our listing criteria on our official Twitter page which can be found on Twitter dot com forward slash SwipeWallet.Once the poll is over, we will list the digital asset that won on our platform shortly after integration is complete. Once this asset is ready to be listed, Swipe Wallet users will see a lightning bolt icon at the top left-hand corner of their Profile tab on the mobile application.Once this is pressed, users will see that the newly listed token has a flash sale of up to 50% off spot prices for that day. This allocation will have up to five hundred thousand US dollars’ worth of that token for sale at a discount.Nicole: I know some people are curious about this: How can Swipe afford to give away almost two hundred fifty thousand US dollars?John Khenneth: This is a question I will try to answer without giving away too many trade secrets or I might have some issues with Joselito.Well I am sure many have asked “how is this possible?” and “why is the company throwing away money?”To us we don’t see it as a small picture. We are looking at the big picture which is user acquisition and growth. We, as a company, have a marketing budget, and user acquisition budget.We have analyzed the data that we have invested in for marketing and are experimenting on this method to bring in a larger audience of various coin communities and crypto investors on the Swipe Wallet platform.Flash by Swipe program seems promising and we have seen good results from competitors offering the same thing, so we believe this will be a strong investment to offer this as a marketing tool.We have new partnerships we are working on, and was supposed to announce them in this AMA, but they are not ready yet and we are still under a None Disclosure Agreement.But don’t worry, there are some exciting updates around this, and we plan to release this information soon, just not today which also tags along into our liquidity engine for the SXP Network.Nicole: The first question from our community is: Will Swipe be available in the Philippines and other Asian countries?John Khenneth: Yes, we are going to offer all of our services in the Philippines and the South East Asian region soon. We are just waiting for all of the card products to be ready for this region so we can release access to the Wallet and Cards together. Currently our services are only available in 33 countries in Europe, but we plan to bring our services worldwide.Nicole: Is it possible to see Swipe Exchange in the near future with zero trading fee? And is Swipe going to build its own blockchain like SwipeChain for example?John Khenneth: No. We don’t plan to do zero fees; we think it is misleading when a company offers zero fees and then packs a rate or something. We do, however, offer up to a 75% discount in fees through our Tier level based on the amount of SXP staked in the Swipe Wallet. Users can find this information on page 33 of our Whitepaper.As far as SwipeChain, our main net runs on Ethereum and our Layer 2 solution will be similar to a Childchain running with Ethereum. We are always evaluating the market and our product line, and if there are any changes, we will let the community know.Nicole: How many cryptocurrencies does Swipe Wallet currently support, and can we purchase cryptocurrencies with Visa or Mastercard? What is the uniqueness of the SXP token, and what role does it play in your ecosystem?John Khenneth: Currently, we support 24 cryptocurrencies that can be bought with a credit or debit card directly from the Swipe Wallet platform. This is only for verified users in Europe at the moment, but we plan to expand this in other regions soon. The SXP token is a central unit of currency and value to our product line. Users can spend it, use it, store it, and redeem it directly within our Application.We find the uniqueness of our token being that it can be used to activate on-chain features from our SXP Network with smart wallet contracts. This enables all fees to be denominated in SXP whether your using SXP or BTC, the fees will always then be paid in SXP, with a discount as well using our native token.SXP is also unique due to its deflationary supply. Most tokens and proof-of-stake blockchains either have a flat unit of supply or an inflationary supply with no hard cap such as Ethereum and EOS as examples. SXP is designed and immutable on the blockchain to become deflationary.When the SXP network is utilized, eighty percent of the fees are destroyed directly on the blockchain. This is done programmatically through an audited smart contract that can’t be changed. We believe the on-chain and utility features of SXP give it strong use cases against our competitors.Nicole: What are your strategies for attracting new users to your platform with already tough competitors in the market?John Khenneth: Our strategy for obtaining new users is to do targeted marketing, run aggressive referral programs, and offer a product better than the competition. We don’t want to build an entire ecosystem such as an exchange for Swipe. We want to be hyper focused on bridging the fiat to crypto problem globally by offering simple user interfaced products to execute our mission without being too distracted on other products.Nicole: How do you provide liquidity, and what liquidity providers are you already working with?John Khenneth: We use numerous liquidity pools and providers. Primarily, our authorization engine is connected to Bittrex, Binance, and Coinbase. We use this tool to aggregate the order books to give users a high depth of liquidity, low spreads, and low slippage. This helps ensure that the best rate is given to our users when price execution occurs when buying, selling, or paying with crypto.Nicole: For our last question: What are the security measures that you have for Swipe Wallet to make sure that all the assets stored in your Wallet are safe and secure?John Khenneth: The current version of our Swipe Wallet holds all digital assets in cold storage, which is offline and protects against hackers and theft. By cold storage, we mean we store all digital assets in cold storages provided by BitGo and Coinbase Custody, who are all leading companies that have impeccable security measures and are licensed custodians.Not only are their reputations great for storing crypto, but they also have leading insurance of 100 million us dollars of protection. This coverage helps give, not only us, but also our users peace of mind, that if a hack occurs or one of their employees stole these funds, their insurance coverages would cover these damages.Besides this, we also maintain PCI Level 1 DSS certification which gives a high level of security for our card platform as well as vulnerability tests on our wallet. These all ensure that our overall application and user experience is safe and secure.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeWalletInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWalletSwipe AMA — Episode 1 was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 01. 30

Swipe Bi-Weekly Update #1

Swipe is proud to have kicked off the beginning of the decade strong! We have many exciting items to share, and to start the year right, every two weeks Swipe will be updating our community with the latest news on the Swipe project.BTC GiveawaysSwipe is focused on bringing mass adoption of cryptocurrencies to users worldwide. It already started giving cash back in BTC to Swipe cardholders, and also running giveaways on Twitter. So far, Swipe is committed to over $11,000 this week in BTC rewards. Swipe also plans to use the new #SATSBACK movement to bring many more contests for Swipe’s social media followers!SXP Transparency ReportSwipe believes in bringing the highest level of on-chain transparency powered by Ethereum. It has already locked up 60 million SXP in Swipe Founder’s time-lock contract. Swipe also worked with Etherscan to add name tags to these following addresses:Swipe Ecosystem RewardsSwipe FoundersSwipe Treasury 1Swipe Treasury 2The Swipe team is exploring to use time-lock smart contracts for the other allocations as well. We also plan to launch our Swipe Network explorer soon where users can see the status of on/chain usage of our protocol using SXP.Exchange InfoSwipe has a public duty to help keep bad actors out of its ecosystem of products. With Swipe’s relationship with Onfido, it can perform robust verification to ensure a long-lasting product line with this ever-changing global regulatory landscape.To support this mission, Swipe has requested the delisting of SXP trading pairs from Livecoin, p2pb2b, and LAToken. The team has decided to make a delisting request on these exchanges because these parties show either signs of poor security, fake volumes, or extremely low liquidity. These issues pose threats to Swipe’s community. Therefore Swipe will only promote and support digital asset exchanges on safe and secure marketplaces. Swipe is currently in discussions with other exchanges that meet our public duty policy requirements.Swipe plans to list on DigiFinex followed by other exchanges in the next few weeks. These markets will open a higher liquidity access point for users to purchase SXP.Swipe NetworkSwipe has successfully launched the phase 1 of its mainnet on the Ethereum protocol. This process works via a layer 1 Ethereum based validation system and uses Swipe’s off-chain scaling protocol to process all the transactions. Eventually, Swipe plans to bring its layer 2 on-chain and will release more information about it soon.Monthly AMASwipe will be hosting its first live “ask me anything” or AMA on Twitter on January 27. Swipe will be discussing over an agenda of items and also answer questions from its community. Special giveaways will also be given to those who will join the AMA.Flash by Swipe™The all-new Flash by Swipe™ program will be utilized to list new digital assets on the Swipe platform where users can then buy, sell, or pay using these assets. Swipe will list these tokens after the community votes on the selected token.Swipe will then have a $500,000 sale of the selected tokens at 50% off “flash sale.” The amount of the allocation available per user will be based on their SXP balance on the Swipe Wallet application.With these, we are very excited to keep the Swipe community updated bi-weekly as we continue to work on bringing cryptocurrency to mass adoption!Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeWalletInstagram: https://instagram.com/SwipeMedium: https://medium.com/SwipeTelegram: https://t.me/SwipeWalletSwipe Bi-Weekly Update #1 was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 01. 20

Swipe Now Supports Apple Pa...

Users can purchase over 20 cryptocurrencies with Apple PaySwipe Wallet users can now purchase over 20 supported cryptocurrencies with Apple Pay. In the recent announcement of Swipe, this integration will allow Swipe Wallet iOS users a faster and easier option of purchasing their preferred cryptocurrencies directly on the application.Apple Pay is a mobile payment and digital wallet service powered by Apple Inc. that allows users to make transactions on iPhone, iPad, Apple Watch, and Mac, offering an easy, secure, and private way of payment options to its users. Swipe iOS users can buy from over 20 supported cryptocurrencies listed by linking their Apple Pay details in the Swipe Wallet application.“This recent move will give way to a faster and a high level of security for our payment transactions,” said Swipe CEO and Founder Joselito Lizarondo. “We want to ensure that our clients will have a better and a variety of payment options on the Swipe Wallet application,” Lizarondo added.About SwipeSwipe is a digital wallet application that enables users to buy, sell, and pay with their cryptocurrencies. The Swipe Wallet is also a fiat on/off ramp for users around the world. Swipe Wallet is coupled with the Swipe Debit Card that allows our users to spend their cryptocurrency real-time at millions of locations worldwide. The platform is powered by Swipe Token (SXP) that serves as the platform’s gas required to process transaction fees on the network. SXP can also be spent to fiat currency, use to redeem digital gift cards, apply for higher membership debit cards, get discounts on fees on the platform, and enhance rewards.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeWalletInstagram: https://instagram.com/swipe.ioMedium: https://medium.com/SwipeWalletTelegram: https://t.me/SwipeWalletSwipe Now Supports Apple Pay Transactions was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 01. 08

Swipe December 2019 Updates

In this monthly post, we bring you the latest news from Swipe:Swipe Taps Seasoned Tax Lawyer as its Chief Legal OfficerSwipe has appointed Anecita Sotomil, a seasoned tax consultant and legal executive, as its Chief Legal Officer. As Swipe’s lead lawyer, Sotomil will oversee the overall legal, compliance, and corporate matters of Swipe. She will also be responsible for working with regulators to ensure that Swipe is properly aligned with the existing laws and regulations.Sotomil brings more than 13 years of experience in corporate registration, financial consultancy, tax planning, and company compliance. A lawyer and member of the Integrated Bar of the Philippines, Sotomil received her degree in Law and Management Accounting at the University of St. La Salle. She also earned her Diploma in Accounting and Business at the Association of Chartered Certified Accountants and then passed the Executive Programme Level II of the Tax Academy of the Inland Revenue Authority of Singapore.Swipe Users Can Purchase Over 20 Cryptocurrencies with Visa or MasterCardSwipe has announced in December that verified Tier 2 users of Swipe Wallet can now buy over 20 supported cryptocurrencies on its platform via Visa or Mastercard.This recent move by the Swipe team will give its users an easier option on purchasing their preferred cryptocurrencies within the platform. Through this integration, verified Tier 2 users can buy all supported digital assets with a Visa or MasterCard supported debit card or credit card within their Swipe Wallet application.At present, the Swipe Wallet supports over 20 cryptocurrencies on its platform. User’s cryptocurrencies are 100% stored in cold wallet solutions with a hot wallet maintained by Swipe’s reserves.About SwipeSwipe is a digital wallet application that enables users to buy, sell, and pay with their cryptocurrencies. The Swipe Wallet is also a fiat on/off ramp for users around the world. Swipe Wallet is coupled with the Swipe Debit Card that allows our users to spend their cryptocurrency real-time at millions of locations worldwide. The platform is powered by Swipe Token (SXP) that serves as the platform’s gas required to process transaction fees on the network. SXP can also be spent to fiat currency, use to redeem digital gift cards, apply for higher membership debit cards, get discounts on fees on the platform, and enhance rewards.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeWalletInstagram: https://instagram.com/swipe.ioMedium: https://medium.com/SwipeWalletTelegram: https://t.me/SwipeWalletSwipe December 2019 Updates was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

20. 01. 03

Swipe November 2019 Updates

Here’s a brief run-through of Swipe’s progress this November:Shipping out of Swipe Wallet v.125 WalletSwipe has started shipping out the Swipe Wallet v1.25 last November 11. The v.125 version of Swipe Wallet comes with new exciting features for its users that will enable a new fiat on-ramp into crypto.Swipe Welcomes New Chief Technology OfficerSwipe is glad to announce that Eric Adolfo has officially joined Swipe as its Chief Technology Officer (CTO).Adolfo has been in the Information Technology industry for over 14 years. Prior to Swipe, he held several senior positions, including Web Developer, Software Engineer, Head of Software Development, and most recently as a Senior Web Engineer.As the CTO of Swipe, Adolfo will lead the company in crafting the best Swipe technology experience that will bring cryptocurrency to commerce and standard banking.Swipe Gains Over 100,000 New UsersSwipe Wallet, the application platform of Swipe that is available for download on both Apple App Store and Google Play Store for both iPhone and Android users, has gained over 100,000 new users for the month of November as Swipe ramps up its global users mainly coming from Europe and Asia.As Swipe Wallet continues to improve and advance its services, the company aims to bring in more new subscribers by the end of 2019.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeWalletInstagram: https://instagram.com/swipe.ioMedium: https://medium.com/SwipeWalletTelegram: https://t.me/SwipeWalletSwipe November 2019 Updates was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

19. 12. 10

Swipe Taps Seasoned Tax Law...

Anecita Sotomil to lead Swipe’s legal teamSwipe recently named Anecita Sotomil, a seasoned tax consultant and legal executive, as its Chief Legal Officer. As Swipe’s lead lawyer, Sotomil will oversee the overall legal, compliance, and corporate matters of Swipe. She will also be responsible for working with regulators to ensure that Swipe is properly aligned with the existing laws and regulations.In a statement, Swipe Founder and Chief Executive Officer (CEO) Joselito Lizarondo noted, “We are delighted to have Anecita to our leadership team. Her extensive knowledge in financial and tax structure will guide Swipe to be aligned on its mission to enable millions of people to use and access cryptocurrencies.”Sotomil brings more than 13 years of experience in corporate registration, financial consultancy, tax planning, and company compliance. Before joining Swipe, she served as a Senior Manager in Statutory Compliance and Tax Reporting at a Global Shared Services Center in the Philippines, and previous to that, held Advisory, Tax, and Legal Counsel positions at some Financial Institutions, Tax Firms, Oil Industries, and BPO companies.A lawyer and member of the Integrated Bar of the Philippines, Sotomil received her degree in Law and Management Accounting at the University of St. La Salle. She also earned her Diploma in Accounting and Business at the Association of Chartered Certified Accountants and then passed the Executive Programme Level II of the Tax Academy of the Inland Revenue Authority of Singapore.“It is an honor to be working for Swipe. I look forward to directing the company’s corporate, commercial, and legal affairs, to better serve its clients and beneficiaries,” Sotomil said.About SwipeSwipe is a digital wallet application that enables users to buy, sell, and pay with their cryptocurrencies. The Swipe Wallet is also a fiat on/off ramp for users around the world. Swipe Wallet is coupled with the Swipe Debit Card that allows our users to spend their cryptocurrency real-time at millions of locations worldwide. The platform is powered by Swipe Token (SXP) that serves as the platform’s gas required to process transaction fees on the network. SXP can also be spent to fiat currency, use to redeem digital gift cards, apply for higher membership debit cards, get discounts on fees on the platform, and enhance rewards.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.io Twitter: https://twitter.com/SwipeWallet Facebook: https://facebook.com/SwipeWalletHQ Instagram: https://instagram.com/SwipeWalletHQ Medium: https://medium.com/SwipeWallet Telegram: https://t.me/SwipeWalletSwipe Taps Seasoned Tax Lawyer as its Chief Legal Officer was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

19. 12. 06

Swipe Welcomes New Chief Te...

Chief Technology of Swipe Eric AdolfoMANILA, PHILIPPINES — Swipe, a multi-asset blockchain digital wallet application founded in United Kingdom, has announced the appointment of Eric Adolfo as its new Chief Technology Officer (CTO).Adolfo has been in the Information Technology industry for over 14 years. Prior to Swipe, he held several senior positions, including Web Developer, Software Engineer, Head of Software Development, and most recently as a Senior Web Engineer.“I am very excited to work with Swipe and create the best product experience for our customers. I’m looking forward to the impact that our software will do on everyone’s life in the future,” said Adolfo.As the CTO of Swipe, Adolfo will lead the company in crafting the best Swipe technology experience that will bring cryptocurrency to commerce and standard banking. He will be responsible for the technological research and development roadmap of Swipe.“Eric’s track record in the information technology industry is an asset to Swipe,” said Joselito Lizarondo, Founder, and Chief Executive Officer (CEO) of Swipe. “By adding Eric to our team, his credible and significant experience in information technology will further help us reach our goal in expanding our market and bring people closer in using and understating cryptocurrency. The board members and I are confident that his leadership is what Swipe needs.” Lizarondo added.About SwipeSwipe is a digital wallet application that enables users to buy, sell, and pay with their cryptocurrencies. The Swipe Wallet is also a fiat on/off ramp for users around the world. Swipe Wallet is coupled with the Swipe Debit Card that allows our users to spend their cryptocurrency real-time at millions of locations worldwide. The platform is powered by Swipe Token (SXP) that serves as the platform’s gas required to process transaction fees on the network. SXP can also be spent to fiat currency, use to redeem digital gift cards, apply for higher membership debit cards, get discounts on fees on the platform, and enhance rewards.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeWalletInstagram: https://instagram.com/swipe.ioMedium: https://medium.com/SwipeWalletTelegram: https://t.me/SwipeWalletSwipe Welcomes New Chief Technology Officer was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

19. 11. 27

Swipe October 2019 Updates

Let’s take a look on the latest news and progress of Swipe this October:Swipe Token Receives CertiK CertificationSwipe has chosen to perform a Smart Contract audit of its native cryptocurrency: Swipe Token (SXP) with CertiK. CertiK is a leading formal verification platform for smart contracts and blockchain audits. It ensures that SXP built on Ethereum is secure against some of the most critical vulnerabilities.CertiK was chosen by Swipe to audit the design and implementation of the SXP smart Contract and Time-Lock Contract. In this Time-Lock Contract, the platform moved 60 million of the Founder and Advisor SXP tokens to a six-year locked contract. This period intends to organize the project while ensuring its maximum success.Upon auditing both the SXP Token Contract and the Swipe Timelock Contract, CertiK found it to follow good practices and that the contracts are “structurally sound and not vulnerable to any classically known anti-patterns or security issues.”Swipe holds its Very First Community MeetupSwipe held the first Swipe Community Meetup in Africa to present its product line to the users in Africa and get into crypto with the digitally powered Swipe Token (SXP).Swipe Sponsors Eurasia Blockchain SummitSwipe sponsored the recently held Eurasia Blockchain Summit at Istanbul, Turkey from October 18 to 19, 2019. The blockchain summit, which was organized by Huobi Group and Kemer Partner, is the annual gathering of key industry leaders, government officials, mainstream companies, investors, blockchain enthusiasts, developers, and entrepreneurs in Asia, Europe, and other parts of the world. It aims to provide an opportunity where everyone can share and keep up-to-date of the latest developments in the industry.Swipe Teams Up with Coinbase CustodySwipe established a strategic relationship with Coinbase Custody to provide a custodial solution for its Swipe Wallet client deposits. Swipe users are ensured that their assets are safe and secure when making deposits onto the Swipe Wallet application as all user deposits, from supported coins, will be stored in Coinbase Custody.Coinbase Custody is a qualified third-party custodian licensed as a fiduciary trust under the New York State banking laws. In addition to storing client’s assets in Coinbase Custody, Swipe will also utilize the Coinbase Pro for instant crypto to fiat conversions when transactions are performed on the Swipe Card and Swipe Wallet application. This will give users instant access to pay with their cryptocurrencies at over 40 million locations worldwide, where Visa is accepted.Swipe Partners with BitGo for SXP Custody Services, Insurance, and moreSwipe’s partnership with BitGo would introduce a strategic partnership that will provide Swipe’s corporate capital with enforced security measurements, as each transaction will require a multi-signature approval which decreases the risk of hacking or key stealing.It also allows for an emergency backup key that can be used to access funds should BitGo become insolvent or cease to exist. Custodial assets held completely by either BitGo, Inc., or BitGo Trust Company, are insured for up to $100 million through the insurance group Lloyd’s. The insurance will be covering the assets for hacks during foreign-party, physical damage or loss to private keys, and other problems.CoinTiger Lists Swipe (SXP)Swipe’s own native cryptocurrency Swipe Token (SXP) is now officially listed on CoinTiger users. SXP deposits are now open for users and trading has opened on Bitcoin and USDt markets (SXP/BTC & SXP/USDT). CoinTiger is a global and innovative digital assets exchange platform which provides multi-cryptocurrency trading service including multi-language support for blockchain enthusiasts around the world.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.io Twitter: https://twitter.com/SwipeWallet Facebook: https://facebook.com/SwipeWallet Instagram: https://instagram.com/SwipeWalletHQ Medium: https://medium.com/SwipeWallet Telegram: https://t.me/SwipeWalletSwipe October 2019 Updates was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

19. 11. 06

Swipe partners with BitGo f...

Swipe partners with BitGo for Swipe Token institutional-grade custody services, $100M insurance, and more!Swipe aims to bring the highest level of safety and security for our users and their digital assets/currencies they store on our platform. We understand that these concerns in our industry are warranted and Swipe has taken the necessary steps to build confidence in our platform. Today, we are pleased to announce that Swipe has added BitGo as a custody provider to help securely store digital assets including Swipe Token (SXP). In working with BitGo, our customers will have access to an institutional-grade qualified custodian that carries $100 million in insurance.With this new strategic relationship BitGo also provides additional security for Swipe’s corporate funds as each transaction requires a multi-sig approval. The use of a multi-sig approval system decreases risks of hacking or having keys stolen. It also allows for an emergency backup key that can be used to access funds should BitGo become insolvent or cease to exist. In addition, this approach allows a final approving authority to approve transactions (possibilities include arbitration, CFO signatures, business owner approvals, etc).Custodial assets held completely by either BitGo, Inc. or BitGo Trust Company are insured for up to $100 million through insurance group Lloyd’s. The assets will be covered for third-party hacks, physical loss or damage of private keys, insider theft by employees and other hazards. At the end of 2017, Lloyd’s had about $44 billion in gross written premiums. The insurer has a presence in nearly 200 countries and is one of the world’s largest insurance and reinsurance marketplaces.About SwipeSwipe is a digital wallet application that enables users to buy, sell, and pay with their cryptocurrencies. The Swipe Wallet is also a fiat on/off ramp for users around the world. Swipe Wallet is also coupled with the Swipe Debit Card that allows our users to spend their cryptocurrency in real time at over million locations worldwide. The platform is powered by Swipe Token (SXP) that serves as the platforms fuel and is required to process transaction fees on the network. SXP can also be spent to fiat currency, used to redeem digital gift cards, used for higher membership debit cards, discounts on fees on the platform, and enhanced rewards.About BitGoBitGo is the market leader in digital asset financial services, providing institutional investors with security, compliance, custodial, and liquidity solutions. BitGo is the world’s largest processor of on-chain bitcoin transactions, processing 15% of all global Bitcoin transactions, and $15 billion per month across all cryptocurrencies. The company supports over 100 coins and tokens and has over $2 billion in assets in the wallet. BitGo’s customer base includes the world’s largest cryptocurrency exchanges and spans more than 50 countries. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo is backed by Craft Ventures, DCG, DRW, Galaxy Digital Ventures, Goldman Sachs, Redpoint Ventures, and Valor Equity Partners.Swipe partners with BitGo for Swipe Token institutional-grade custody services, $100M insurance… was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

19. 10. 19

Swipe teams up with Coinbas...

Swipe is proud to announce that it has established a strategic relationship with Coinbase Custody to provide a custodial solution for its Swipe Wallet client deposits. Swipe users can trust that their assets will be safe and secure when making deposits onto the Swipe Wallet application as all user deposits, from supported coins, will be stored with Coinbase Custody.Coinbase Custody is a qualified custodian licensed as a fiduciary trust under NY State Banking Law. All digital assets that are stored with Coinbase Custody are segregated and held in trust for the benefit of its clients. Coinbase Custody has one of the world’s most trusted cold storage systems which has endured years of battle-tested operations. Coinbase Custody also maintains an industry leading insurance policy on the assets it custodies. In addition to storing client’s assets in Coinbase Custody,Swipe will also be utilizing Coinbase Pro for instant crypto to fiat conversions when transactions are performed on the Swipe Card and Swipe Wallet application. This will give users instant access to pay with their cryptocurrencies at over 40 million locations worldwide, wherever Visa is accepted.Andrew Robinson, European Head of Institutional Sales & Trading for Coinbase said: “We are delighted to collaborate with Swipe to deliver a custodial solution for Swipe Wallet deposits in our industry leading cold storage system. Through our relationship with Swipe, Coinbase will also provide exchange services which will facilitate crypto to fiat conversions for their European customers. Providing custody solutions for this emerging market and enabling users to pay with cryptocurrencies is a huge step in building mass adoption of cryptocurrency. This collaboration is another step towards Coinbase’s goal of building an open financial system for the world.”Joselito Lizarondo, CEO of Swipe, said: “Coinbase Custody will bring a safe, secure, and insured custody solution for all deposits from the Swipe Wallet held with Coinbase. We are also excited to work with Coinbase Pro where we will also be able to provide real time crypto conversions for our users utilizing our Swipe Card and Swipe Wallet. Enabling these features will bring crypto to traditional payment methods and we are excited for all of our European users”About Swipe Swipe is a digital wallet application that enables users to buy, sell, and pay with their cryptocurrencies. The Swipe Wallet is also a fiat on/off ramp for users around the world. Swipe Wallet is also coupled with the Swipe Debit Card that allows our users to spend their cryptocurrency in real time at over million locations worldwide. The platform is powered by Swipe Token (SXP) that serves as the platforms fuel and is required to process transaction fees on the network. SXP can also be spent to fiat currency, used to redeem digital gift cards, used for higher membership debit cards, discounts on fees on the platform, and enhanced rewards.Stay up-to-date with all the latest news from SwipeWebsite: https://swipe.ioTwitter: https://twitter.com/SwipeWalletFacebook: https://facebook.com/SwipeWalletInstagram: https://instagram.com/SwipeWalletHQMedium: https://medium.com/SwipeWalletTelegram: https://t.me/SwipeWalletSwipe teams up with Coinbase Custody to provide a custodial solution for its Swipe Wallet users was originally published in Swipe on Medium, where people are continuing the conversation by highlighting and responding to this story.

Swipe

19. 10. 15

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