Everything that is written in this article is Not to be considered Financial Advice under any circumstance, Always do your own research carefully. Knowledge is Power

Intro

We've all recently came down to the same conclusion.. CEX's (centralized exchanges) are Not to be Trusted with your funds. Harsh lesson, that many have learnt the hard way. But for who was lucky enough not to get involved in such activities, I'd suggest to do whatever is in your power to find an alternative solution. Decentralized wallets, Cold Wallets are all part of a security solution that allows you to be safe rather than shaken by these kind of Saga's (The Fall of FTX).

But an all in all solution is very hard to find even when the demand is literally above the roof. I believe in a truly decentralized finance, counterbalanced by the right regulations coming from the varied political spheres working with the crypto industry, and maybe by when this actually happens, CEX's will be regulated and have more bases to be truthfully trustworthy.

At the time being we have to jump out of the illusion that Central Exchanges are like Banks, they are not. They simply don't have the guarantees banks have, and that's literally all we need when delegating the responsibility of safeguarding our funds. 

But do we really need to go through all these exchanges and daily live with an heartache, worrying to lose all our funds? Or is actually DeFi the answer to all our problems? 

Welcome Solswipe 

I have to say it. Solswipe came out swinging. In a moment where CEX's Can't be Trusted, they offer a really easy solution to the problem. Users are finally able to use their crypto in form of a credit card, without having to pass through Any Exchange at all. In fact, the users who decided to get themselves a card, finally managed to get rid of the middleman  - CEX's. 

So how will it work without a middleman like Binance and can how can I get one?

This is definitely the fascinating part of DeFi. You don't need a middleman.

In order to load up their card, users will have to load their Ethereum, Solana or BNB Crypto wallet such as Phantom or Metamask in order to send it into the Bank account that will be opened in a Real Bank, owning 1 of the 6 Crypto Licenses issued by the Thai Government.

Yes, you got it right! You will have the chance to open an off shore bank account onto which you can deposit $ directly with your cryptocurrency. Once the crypto has been deposited, it will be directly converted by the card issuers and the conversion fees will not be on you. Not to forget that you can use this card for anything really, from your grocery shopping to a nice dinner with your half, or to buy a Netflix subscription, as long as the payments are made through Visa Circuits. Too good to be true you say?

This is the beauty of DeFi, Baby! We're on that train and we don't want to jump out. 

So What's the difference between Solswipe and it's competitors? Who are they? 

There aren't many easy solutions out there regarding how to go Full-Blown DeFi for normal users. But Solswipe has it. Not only it fills a Huge gap in the Asian Crypto Markets (Since all the European / American based Crypto Credit cards are not allowed to be used there) and it most certainly gives you the chance to load up your balance using cryptocurrency, a thing that per example it's direct competition like Crypto.com isn't doing.

But has also Launched an NFT collection on the Solana Blockchain, giving it's users Life Discounts on their loading fees (up to 0.5%, 0.1% x NFT) and its deciding to share a portion of what it seems to be a worldwide business, directly with the Holders.

Holders will be able not only to open an Off shore bank account in Laos where they can get to load their card directly with cryptocurrency without having to pay all the common fees to Buy/sell it like it happens in CEX's, but are as well going to earn passive income from all the users that will load their cards monthly paying the relative 0.% fees. 

How many credit cards can I choose from, how much do they cost and.. what are the advantages? 

In conclusion, Don't Fade Solswipe. I believe this Project will not only perform well, but stay unbothered though all this CEX's Saga period. It offers a decentralized and secure solution that, all in all, allows you to manage your funds out of centralized exchanges and manage them instead in a bank account which your Crypto Wallet is connected to. For what concerns taxes, being it an Off shore account,  Solswipe's user interface will show a clear window with all the Transactions that have occurred though time, so that you don't find any problems while having to file all your taxes reports.

Remember that the first yearly subscription comes for free.

I'll drop some links below for you to be able to build a clear picture of this project and to be able to form your own opinion about it without any external biases.

 (Whitepaper) : https://docs.solswipe.io/ 

(Official Website): https://card.solswipe.io/

(Marketplace): https://magiceden.io/marketplace/solswipe

(Twitter handle): https://twitter.com/solswipecard

I hope you enjoyed reading this article. if that's the case, Leaving a Tip and Dropping a like would be greatly appreciated. Have a nice Day! 

Kiko