Swipe has developed a debit card and wallet platform that gives users access to spend various cryptocurrencies in fiat currencies on-demand. Swipe aims to make crypto finance mainstream by connecting existing payment networks to cryptocurrencies. 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.
The Swipe cryptocurrency wallet supports over 30 cryptocurrencies and fiat currencies. It is a centralized wallet which has its funds secured by Binance’s SAFU fund and 200 million USD or insurance from Coinbase Custody (100m USD) and BitGo (100m USD).
Swipe Token (SXP) is a cryptocurrency built on the Ethereum blockchain. It is used to pay for fees for the various products within the Swipe ecosystem.
Although Swipe has only been around for just over a year, its list of accomplishments is quite remarkable. These include launching the Swipe Wallet just 1 month after Swipe launched, integrating Apple Pay, Google Pay, and Samsung Pay, being purchased by Binance, partnering with Chainlink and Elrond, and launching their staking testnet. Swipe’s future milestones are fairly generic. These include expanding their services into other regions, notably Southeast Asia, North America, Latin America, and Africa. They also plan to make the upcoming DeFi applications on the Swipe Network accessible via their mobile app
Through current trends, Investor sentiment and the overall direction of the cryptocurrency market, we think Swipe (SXP) has a good chance of visiting the $3 USD mark by the end of 2020 as long as the trend continues and the Team continues to work on their products and partnerships.
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