Review on Swipe by Stephen Toluwani
Swipe and it's general Goodness
Cryptocurrency wallet Swipe is a new wallet released in the crypto industry but is making great waves already. My usage of this wallet for the past two days as of this time of writing was excellent. It provides a user centered support team who are always at their feet to respond to any issues. The User Interface of the app is also dazzling as it give the new user a walkthrough with the app. The wallet also has its own Token which is supported on the ethereum blockchain ERC-20 compliant $SXP which has seen tremendous growth since the time of its Initial Coin Offering with Return On Investment of up to 800%. The SXP is used for staking and also to pay transaction fees on the platform. The consistent burning of the coin in value if 80% token used as transaction fees is helping to keep the total supply low which is a good one for investors. The fact that it doesn't support many other coins is one demeanor I have found on the app. Also the app is a centralized wallet which makes you entrust your funds into the hands of a central authority which is basically not the idea crypto is all about. It's Visa debit card has been found to be accepted on any Visa accepting payment outlet which is a good thing as it can allow users make international transaction without going through Foreign Exchange problematics
Pros
- A cryptocurrency wallet that supports the traditional debit card which allows its users make purchases on the go in any service provider that accepts Visa cards
- It's partnership with Binance and BitGO shows the project is not going anywhere as it's being supported by some big names in the crypto world
- Gives very high rebates for using it's card up to the tune of 5% cashback rewards in Bitcoin
- Direct spending of funds from the crypto wallet without conversion to Fiat
- Provides relatively fair withdrawal fees
Cons
- Card use in terms of deposits and withdrawal is mainly restricted to use in European countries
- It's a centralized wallet meaning users fund is not in total control of the funds in such wallet
