The first two weeks of April landed new partnerships, programs, and integrations for the Swipe Wallet platform. To generate more awareness about Swipe, the team has been very active in promoting its services to the public and even giving away special prizes to lucky participants who joined the program.
Send Crypto with iMessage Globally
Swipe Wallet iOS users can now send cryptocurrencies directly via iMessage. This announcement of Swipe came after the recent fiat inflation happening across the world.
To use this option, Swipe Wallet users can simply go directly to their iMessage and tap on the Swipe Widget to get started.
Swipe Visa Cards Contactless NFC Update
Swipe has increased the limits for its PIN-less NFC taps payments. As Swipe tries to help raise health awareness and to limit the possible exposure of its users to COVID-19, it has increased these limits so users do not have to touch keypads and just have to tap their cards. The limits for physical payments are €50 per payment with a daily limit of €150.
SXP Deflationary Supply Model
The Swipe Token (SXP) has implemented and deployed a deflationary supply model “tokenomics,” a different model compared to most traditional cryptocurrencies use in the market today.
SXP follows a deflationary supply model. SXP has a 300,000,000 fixed supply programmatically designed to become lower over time due to the nature of the protocol. This means that the total SXP supply is designed to decrease as more demand and use in the protocol happens within the Swipe user base and community. In the Swipe Network, 80% of transaction fees that flow through its protocol get automatically destroyed by a smart contract that has been audited and verified by CertiK. 20% of those transaction fees remain in the protocol for Swipe, and in the future, this 20% will be for the validators as network fees they earn when they validate the transactions of the network. With this system, the total supply of SXP becomes lower as time progresses and the use of system increases.
Swipe plans to upgrade the protocol into a DAO where users can vote on protocol changes. One change lined up on the launch of Swipe v2 will be the total supply cap. More details on the Swipe v2 protocol will be released via a revised Swipe Network whitepaper soon.
Swipe Spotlight Coin: Tron TRX
TRON (TRX) is the latest coin to join Swipe’s “Swipe Spotlight.” The Swipe spotlight program gives users a first-hand view of all the Swipe platform benefits and a specific coin with 0% fees.
TRON (TRX) is running on the TRON blockchain, one of the largest blockchain-based operating system in the world. It is the official digital currency of Tron Foundation, which aims to build a decentralized internet and create a global free entertainment content system that utilizes the blockchain technology.
Swipe Wallet verified users will be able to use the TRX through the Swipe platform. Users can buy TRX with a linked bank account in the UK and EU with SEPA transfer or wire funds via SWIFT. TRX may also be purchased with a verified Visa or MasterCard debit or credit card and Apple Pay. All of these features have NO FEES.
Swipe Visa Cardholders can benefit by spending TRX to Euros at point-of-sale using the Swipe Network conversion system. That means if the Cardholder, in the United Kingdom and 27 other European Union countries, wants to buy coffee with TRX, all they need to do is enable the “Funding Source” to TRX in the App and just “swipe” their card. Swipe’s backend system will do the heavy lifting for its users to convert it to Euros so that the merchant gets paid immediately.
Twitter Giveaway
Swipe has announced the 100 lucky users on its recent twitter giveaway. Winners received $100 in Bitcoin (BTC) through Swipe’s Twitter Giveaway Event.
On its recent Twitter post, Swipe is again giving away $1,000 worth of Bitcoins (BTC) to 10 lucky winners in celebration of its May 1st special announcement. To join, participants must like the pinned message on Swipe’s Twitter page, retweet the pinned message with #Swipe and Tag three friends.
Earn cash back in Bitcoin (BTC) via Swipe Visa Card
Swipe Visa card users in the United Kingdom and 28 countries* in Europe can now earn their cash back in Bitcoins (BTC). Swipe Visa card users can also enjoy converting their cryptocurrencies to Euros, spend Euros and earn crypto, use Google Pay, and use Visa Paywave NFC tap payments.
\Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, & U.K*
ARK and USDC integration on Swipe Wallet
Swipe has listed ARK and USD Coin (USDC) on the Swipe Wallet platform. Swipe users can now buy and sell these cryptocurrencies via their linked bank account or cards, spend it to fiat using Swipe Visa, and exchange these coins instantly with all the supported coins in the Swipe Wallet platform.
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Stay up-to-date with all the latest news from Swipe
Website: https://swipe.io
Twitter: https://twitter.com/SwipeWallet
Facebook: https://facebook.com/Swipe
Instagram: https://instagram.com/Swipe
Medium: https://medium.com/Swipe
Telegram: https://t.me/SwipeWallet & https://t.me/Swipe
LinkedIn: https://www.linkedin.com/company/swipewallet
YouTube: https://youtube.com/SwipeWallet
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