Swipe

Cryptocurrencies original purpose, was to be a digital cash system. Later, they became a store of value, fuel in an ecosystem, and lately as securities. Swipe believes that it is important to use cryptocurrencies for payment. One of the major companies that simplified cryptocurrency payments, was Bitpay. First, they offered an easy online payment, in web shops. The next product, was a Bitpay Visa Card, that was loaded with fiat exchanged for Bitcoins.

Currently, there are only a handful of companies, that are approved to issue cryptocurrency debit cards, due to issues done by bad actors. The overall market condition, has allowed companies like Swipe, to enter the ecosystem, and offer products that will be actually used. Swipe, will offer a Swipe wallet and a Swipe card. The company believes that blockchain-based payments, and cryptocurrencies, will be a useful tool for the un-banked population, currently about 2 billion people worldwide.

Swipe, will create a platform, that will be accessible to users worldwide, via an IOS, or Android device. With Swipe, the user is enabled to buy, sell and use cryptocurrencies for payments. This ecosystem, will be fueled by it's native cryptocurrency, the Swipe token (SXP). It will be used as gas, for the ecosystem. An open SDK, will be available, for other applications, to use Swipe features.

The Swipe tokens will be allocated as follows: 20%, 60 million tokens will be available to institutional investors, 20%, 60 M tokens, will be used for active promotion and building the network, 20%, 60 M tokens for the founders and advisors, for the work on the protocol, and 40%, 120 M will be kept for ecosystem reserves, for developer rewards, for participation in the development.