Per Swipe.io, Swipe has SXP as its native digital currency. SXP is widely used in the Swipe ecosystem of products and also for the operations and security of the network.
The users will be able to use SXP for staking by bonding SXP on Ethereum blockchain for securing the payment network and to use it for the Swipe Visa Card lock-ups and for higher tier cards, and to further redeem it for the discounts made on the platform. It is further used to convert it to fiat and also to use it on the Swipe Visa Card and also to stake SXP to operate a commercial node for the issuing of swipe.
About 80% of the Swipe processing fees, which are generated in the network and are set to be burnt and only 20% will remain in the oracle contract.
The SXP utility features are transaction fees, network fees, payments, staking and discounts. The markets for SXP are Binance, BitTrex, Bithumb, Kucoin, and FTX.
Sydney Ifergan, the crypto expert tweeted: “Swipe (SXP) is hailed as the company which brings cryptocurrency to commerce and standard banking. Their vision is a client-focused business which believes in excellent customer service.”
Swipe focuses on excellent customer service and therefore client service is in excellent hands. They ensure that their clients are well-cared for, thus making it easy for them to transaction in the world of cryptocurrencies.
Swipe (SXP) Visa Card
There are lot of perks to owning a Swipe Visa Card or already upgrading the existing one. Investors can choose the preferred Swipe Visa Card.
The Swipe Saffron provides 1% Cash back on all purchases, there is a dual-interface NFC/EMV card, ATM cash Access, No SXP stake required, and $1000 referral rewards.
Swipe Slate provides 4% cash back on all purchases, dual-interface NFC/EMV card, ATM cash Access, 30,000 SXP stake required for 6 months, $3,000 Referral Rewards, and No foreign transaction fees.
It is now possible to order Swipe orders for free. At the moment it is now available in UK and EU countries.
Crypto Currency cards will become an everyday norm very soon. Several countries are already confused about whether to legalize or not to legalize crypto; however, the cryptocurrency ecosystem is soon progressing to the next level of crypto cards. Before governments can understand and approve of crypto people will be transacting already with crypto for their everyday things.
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