Review on Swipe by francis fernandez
Swipe- two-layer digital economic strategy
The crypto industry is not standing still. Conversely; its growth and revolution is constant and rapidly growing.
Every day computer experts and regulars of blockchain networks; They surprise us with the launch of new crypto assets.
In mid-August 2019 we witnessed the appearance on the market of a new digital asset. It's about Swipe; a multifunctional digital wallet application that allows managing multiple crypto assets. It is also a VISA credit card that allows users to buy, sell and spend some cryptocurrencies on the Ethereum blockchain.
How does Swipe work?
The Swipe digital platform is fully multifunctional; as it is one of the few that has a two-tier economic strategy. In this way, your users can combine the function within the platform chain and outside the platform chain.
* Utilities within the platform chain:
When Swipe Network is activated on the platform; users receive a smart contract digital wallet that uses SXP directly on the chain to perform its functions.
* Utilities outside the platform chain:
Under this approach, the supported cryptocurrencies can be converted to FIAT instantly and used at the point of sale.
Other SXP functions available to users are:
Currency: SXPs are used so that users who use the Swipe Visa card as a source of financing can convert it to euros.
Staking: Users must stake SXP blocked on the chain, to obtain higher level cards, improvements in rewards and discounts.
Fees: Users can use SXP to pay commissions for the Swipe platform, such as withdrawal fees and conversion fees.
Pros
- It offers users multiple uses, which opens a range of options to use it as a cryptocurrency, financing and payment method.
- It is backed by the goodness of the Ethereum blockchain.
- Offers the possibility of converting into FIAT currency.
Cons
- It is a cryptocurrency that cannot be mined
