07-20-2020, 03:43 AM
Let's discuss Swipe (SXP)
<!-- SC_OFF --><div class="md"><p><strong>What is Swipe?</strong></p> <p>Swipe has developed a <strong>debit card and wallet platform</strong> that gives users access to spend various cryptocurrencies in fiat currencies on-demand.</p> <p>The crypto-fiat conversion can be done in a few seconds. Swipe <strong>aims to make crypto finance mainstream</strong> by connecting existing payment networks to cryptocurrencies.</p> <p>Swipe allows users to deposit crypto into their Swipe Wallets, which give instant access to spend those funds in fiat currencies, while using traditional Visa debit cards.</p> <p><strong>How does Swipe work?</strong></p> <p>Swipe Network consists of 3 protocols that operate the network in an asynchronous format:</p> <ul> <li><strong>Swipe Card</strong>: A Visa debit card that enables cardholders to spend balances that are linked to the Swipe Wallet mobile application.</li> <li><strong>Swipe Wallet</strong>: A digital wallet application that enables users to buy, sell, spend, and more with their cryptocurrencies.</li> <li><strong>Swipe Smart-Contracts</strong>: These delegated smart contracts are given to users within the Swipe Network and execute certain actions using its native SXP token.</li> </ul> <p>While the Swipe Network is the core of the Swipe ecosystem of products, it’s important to note that the Swipe Network requires all 3 components to operate as designed today on-chain. However, the other Swipe products, such as Swipe Wallet and Swipe Card, can function independently with the Swipe Network off-chain.</p> <p>In a future version, the Swipe Network on-chain process will be governed by a decentralized autonomous organization (DAO) and will utilize a proof-of-stake consensus method to secure the platform. This system will be secured via SXP staked on a smart-contract within the network that offers incentives, such as a transaction fees for validating transactions on-chain. </p> <p><strong>Why I believe it's a good idea to invest into Swipe?</strong></p> <p>Simple:</p> <ul> <li>Extremely <strong>low market cap</strong> (50x lower (80 million) than their competitor crypto.com (2.5 billion));</li> <li><strong>Working product</strong> that is extremely user friendly;</li> <li><strong>Not using Wirecard</strong> as their card issuer;</li> <li><strong>Owned by Binance</strong>;</li> <li><strong>Binance listed</strong> only like a week ago;</li> <li><strong>Will be used by the largest exchange in the world Binance as their card provider</strong>;</li> <li>Marketed extensively by <strong>CZ</strong>;</li> <li>Very <strong>active team</strong> (check out their blog or twitter). </li> </ul> <p>For further research go here: <a href="https://research.binance.com/en/projects/swipe">https://research.binance.com/en/projects/swipe</a></p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p><strong>What is Swipe?</strong></p> <p>Swipe has developed a <strong>debit card and wallet platform</strong> that gives users access to spend various cryptocurrencies in fiat currencies on-demand.</p> <p>The crypto-fiat conversion can be done in a few seconds. Swipe <strong>aims to make crypto finance mainstream</strong> by connecting existing payment networks to cryptocurrencies.</p> <p>Swipe allows users to deposit crypto into their Swipe Wallets, which give instant access to spend those funds in fiat currencies, while using traditional Visa debit cards.</p> <p><strong>How does Swipe work?</strong></p> <p>Swipe Network consists of 3 protocols that operate the network in an asynchronous format:</p> <ul> <li><strong>Swipe Card</strong>: A Visa debit card that enables cardholders to spend balances that are linked to the Swipe Wallet mobile application.</li> <li><strong>Swipe Wallet</strong>: A digital wallet application that enables users to buy, sell, spend, and more with their cryptocurrencies.</li> <li><strong>Swipe Smart-Contracts</strong>: These delegated smart contracts are given to users within the Swipe Network and execute certain actions using its native SXP token.</li> </ul> <p>While the Swipe Network is the core of the Swipe ecosystem of products, it’s important to note that the Swipe Network requires all 3 components to operate as designed today on-chain. However, the other Swipe products, such as Swipe Wallet and Swipe Card, can function independently with the Swipe Network off-chain.</p> <p>In a future version, the Swipe Network on-chain process will be governed by a decentralized autonomous organization (DAO) and will utilize a proof-of-stake consensus method to secure the platform. This system will be secured via SXP staked on a smart-contract within the network that offers incentives, such as a transaction fees for validating transactions on-chain. </p> <p><strong>Why I believe it's a good idea to invest into Swipe?</strong></p> <p>Simple:</p> <ul> <li>Extremely <strong>low market cap</strong> (50x lower (80 million) than their competitor crypto.com (2.5 billion));</li> <li><strong>Working product</strong> that is extremely user friendly;</li> <li><strong>Not using Wirecard</strong> as their card issuer;</li> <li><strong>Owned by Binance</strong>;</li> <li><strong>Binance listed</strong> only like a week ago;</li> <li><strong>Will be used by the largest exchange in the world Binance as their card provider</strong>;</li> <li>Marketed extensively by <strong>CZ</strong>;</li> <li>Very <strong>active team</strong> (check out their blog or twitter). </li> </ul> <p>For further research go here: <a href="https://research.binance.com/en/projects/swipe">https://research.binance.com/en/projects/swipe</a></p> </div><!-- SC_ON --> Kind Regards R