Swipe (SXP) - network and cryptocurrency secured by millions of USD

We have already described cryptocurrencies and blockchain networkswhich offered loans and deposits in cryptocurrencies, cards enabling payments with virtual currencies, cryptocurrency wallets or facilitations for entrepreneurs. The Swipe network and its SXP token have all of these offers at once.

We continue the cycle of the Forex Club portal, in which we analyze and describe the largest, highest-valued, most interesting, most developmental, advanced and also the most controversial cryptocurrency projects around the world. Today it's time for Swipe - a blockchain network that offers a full range of services related to cryptocurrencies. 

"Multiagencja" of the blockchain market

The Swipe network has set itself very ambitious goals and everything indicates that it will be possible to achieve them without major problems. The offer includes not only a cryptocurrency wallet and loans and deposits in cryptocurrencies, but also payment cards that automatically convert cryptocurrencies into fiat currencies and a number of business solutions with smart contracts to accept payments.

It already cooperates with the hegemons of the blockchain market, among which it can undoubtedly be included Cryptocurrency exchanges Binance and Coinbase. All thanks to the extensive offer, which includes, among others a cryptocurrency wallet that supports the largest of them, including: Bitcoin, Bitcoin Cash, Ethereum, LitecoinEthereum Classic Binance Coin, Wrapped Bitcoin, Travala, ChainLink, Band Protocol, XRP, Cardano, EOS, Tron, Digibyte, RavenCoin, Swipe, Cosmos, BAT, 0x, Tether, BUSD, PAX, DAI, USDC. It works as an application compatible with both iOS and Android. 

The wallet can be topped up even by bank transfer in a traditional currency, and then in the same application you can convert the funds into cryptocurrencies.

There may be some concern that this is not a decentralized wallet. We do not have a seed for our wallet, and crypto assets are directed to the internal platform. Is it easy to break in and lose? Not necessarily, and the financial security is huge. The project must have strong foundations, since USD 200 million has been spent on its backup Binance SAFU, and $ 100 million each of Coinbase Custody and Bitgo.

The wallet also includes payment cards provided by ... Visa. You can choose one of four types of cards, and each one can count on bonuses (discounts and rebate codes for Spotify, Netflix, Uber or AirBnb), as well as specific profits resulting, for example, from staking (cryptocurrency placement). You also get a casback for card purchases, even up to 5% of the amount spent. 

Token Swipe - SXP

The whole thing is completed by the SXP token, which was placed on the Ethereum network. It facilitates the payment of services offered by the Swipe platform. If we want to use a payment card, we also have to stack (i.e. set up a deposit) SXP.

The token is deflationary by definition, because after each settlement of the fee for a closed smart contract, as much as 80% of this amount is burned. Only every fifth token that was used to pay for the transaction remains in circulation. This business model was so interesting Binance exchangethat it has decided to acquire the Swipe platform and continue to invest in its development.

Swipe (SXP) quotes

As of January 24, 2021, the SXP token can be traded on 30 cryptocurrency exchanges from around the world. It is currently valued at $ 1,00, which is 76 units traded  (from target  289 612 084) gives a market cap of more than $ 76 million. We had the peak of trading on August 13, 2020, when each SXP token was paid $ 4,96. The daily turnover of this cryptocurrency exceeds USD 44 million and is gradually increasing.