Review on Swipe by Fanuel PORPORTY
The cryptocurrency market is ever-changing and evolving. It will be interesting to see how companies, like Swipe, will put themselves to be at the lead of this revolution.
Swipe (SXP) is a cryptocurrency token published on the Ethereum platform. The most powerful exchange that is trading Swipe is KuCoin. According to its whitepaper, the Swipe Token is the ecosystem’s primary cryptocurrency which feeds the services that are delivered on the Swipe product line. The SXP token is created with a deflationary financial supply as all transaction fees will consist of the use of SXP via the Wallet Smart Contract supported by the Swipe Oracle autonomously with the code printed openly and audited.
Swipe is a digital wallet application that allows users to purchase, sell, and pay with their cryptocurrencies. The Swipe Wallet is also a fiat for its users. Swipe Wallet is also linked with the Swipe Debit Card that enables its users to use their cryptocurrency in real-time at over a million places worldwide. The platform is supported by Swipe Token (SXP) that works as the platform’s gas and is expected to process transaction fees on the network. SXP can also be employed to fiat currency, applied to purchase digital gift cards, applied for higher membership debit cards, discounts on fees on the platform, and enhanced rewards.
Pros
- Up to 75% discount on fees
- Used as gas for the network fees on all transactions
- Deflationary Monetary Supply as 80% of transaction fees are destroyed by the network automatically via a smart contract on the Ethereum blockchain.
- Required to obtain the Swipe Slate Metal Debit Card
- Redeemed for payment on digital Gift Cards.
Cons
- You can expect to encounter different region limitations when it comes to crypto debit cards. Many providers limit their issuance of crypto cards to one or more countries or even continents. Not being able to order a card from the desired provider can be inconvenient.
