Sirwin
Sirwin

E&S Token Review: Swipe (SXP)


Hello Publish0x community and welcome back in this new article of my “Easy & Short Cryptocurrencies Made Accessible” area.

Today we are going to introduce a new cryptocurrency: Swipe (SXP)!

Cryptocurrencies are becoming more and more popular. In the last few months alone, we have been able to see a huge growth of users in this area. There are those who use them as a speculative investment, those who use them as a store of value, those who use them as an alternative investment, those who think it's all a game like at the casino and some even use them as a payment method.

Swipe wants to position itself as a company that provides users with prepaid cards that allow them to spend their cryptocurrencies directly. Swipe was founded in 2018 by Joselito Lizarondo with the mission to bring cryptocurrency interoperability with traditional finance and was later acquired by Binance in June 2020.

Swipe is a company which offers a host of cryptocurrency related services including a multi-currency wallet, cryptocurrency debit cards, cryptocurrency payment solutions for merchants, cryptocurrency borrowing, cryptocurrency savings, and custom cryptocurrency debit card issuance.

Swipe is powered by 3 core components:

  • Swipe: The founding company that develops Swipe key products such as Swipe API, White Label Debit Cards, Sipe Swap and more.
  • Binance: The parent company that owns a majority stake in Swipe and is also partner to bring further growth and development to the platform.
  • Ecosystem: This includes the partners, decentralized applications and community whom together form our ecosystem.

Swipe

Another major issue that Swipe helps to reduce is high fees. In the traditional market, there is a fee every time you use your debit card. These fees can add up and eat away at your holdings. Notably, Swipe (SXP) doesn’t charge fees for its debit card services.

Swipe is bringing our core beliefs into our products by focusing on:

  • Adoption: Expand audiences. In order for cryptocurrency financial systems to go “mainstream” they need to capture a larger audience. Swipe and Binance will target the reach of a user base of 20 millions and beyond to continue to drive adoption.
  • User Experience: Be frictionless. The tools being developed by Swipe and the open source development community will strive to become frictionless to make the entire user experience of the ecosystem as simple as possible.
  • Execution: Go-to-market Strategy. Swipe aims to deliver its product line in an optimal fashion to bring our users into our ecosystem with a direct go-to-market strategy. They have tailored our products to give a laser focused execution plan.

Swipe will include cross-chain support for two of the most used blockchains in the world to start: Ethereum & Binance Chain. Swipe may become available on other blockchains in the future. Creating this bridge will enable users to participate and utilize our decentralized applications that will be made available on those participating chains. For example, users will be able to swap their Ethereum based SXP token with a Binance Chain based SXP token for free at a 1:1 (one to one) ratio or vice versa without any fees. Support of this will be done via a Decentralized Bridge App and Binance.com.

Swipe

If you want to find out more details about this cryptocurrency, I suggest you to follow me on Publish0x to receive the notification on the next article, which will be released next Sunday, dedicated to SXP!

Next Sunday I’ll talk about Swipe Token, Swipe NFT, the Governance, Swipe Staking and something more!

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MikeZillo
MikeZillo Verified Member

Daily Trader, Mining Farm Project Manager, Blockchain consultant, Cryptocurrency evangelist. You can find more videos here https://www.youtube.com/channel/UCvyXx6I1C__zmLAYUXNZwQQ? Telegram: @mikezillo


Easy&Short. Cryptocurrencies made accessible
Easy&Short. Cryptocurrencies made accessible

In this section, we are going to create two article per each cryptocurrency/token. The first one will be technical, with a simplification of the Whitepaper and the second one will be about particulars of the coin. For example staking yields, particular functions and so on! I am sure you will like this very much!

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