This month, Swipe focused on the need of the users to have a seamless and, as much as possible, contactless transactions worldwide. Swipe joins the community in aiming to lessen the people’s exposure to the global pandemic COVID-19 by providing solutions to its users.
Swipe also continues to provide excellent service through partnership activities and giveaway events to its community.
Swipe Spotlight
Swipe recently launched the “Swipe Spotlight” program aiming to either list or highlight a new or existing coin/token on the platform. Users will be able to enjoy a 0% fee for using the selected coin/token on the Swipe platform compared to the normal charge of 1% for buying, selling and spending cryptocurrencies and 4.5% for debit card or credit card and Apple Pay purchases.
Users will benefit from receiving no fees on these purchases in a form of rebate after 30 days.
Swipe Visa Cards Contactless NFC Update
Swipe announced this April that it increased the limits for its PIN-less NFC tap payments. The company acknowledges the current need to limit the people-to-people transactions to avoid the possibility of acquiring the COVID-19 disease. The limits for physical payments are €50 per payment with a daily limit of €150.
SXP Deflationary Supply Model
This month, Swipe explained the deflationary model its implements called “tokenomics.” Swipe Token (SXP) has a 300,000,000 fixed supply programmatically designed to become lower over time due to the nature of the protocol. 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.
Swipe plans to upgrade the protocol into a DAO where users can vote on protocol changes. More details on the Swipe v2 protocol will be released via a revised Swipe Network whitepaper soon.
Swipe Spotlight: TRX
Swipe Wallet verified users are now able to use TRON (TRX) on 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.
TRX was also selected as April’s Swipe Spotlight coin. This means that Swipe users were able to enjoy buying, selling and spending TRX without any fees for the whole month of April.
Twitter Giveaway
Swipe continues to give back to its users as it has recently announced the 10 lucky users on its recent twitter giveaway. Winners received $100 in Bitcoin (BTC) through Swipe’s Twitter Giveaway Event in celebration of its May 1st announcement.
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 Bitcoin (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.
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.
Swipe Token available at Vision Crypto App and VCC Exchange
Swipe announced that its native token Swipe Token (SXP) is now available at Vision Crypto App and VCC Exchange.
Vision and VCC Exchange users can now start adding SXP on their portfolio and wallet and start trading SXP/BTC, respectively.
BQ.Net x Swipe Token
Swipe Token (SXP) is now officially listed for trading at BQ.Net (Bitsdaq). Users of BQ.Net can now make SXP deposits and withdrawals and trade with SXP/BTC pair on the platform.
Users are now able to deposit SXP to Bittrex Global immediately and trade with SXP/BTC Pair.
Waived Swipe Visa Card Fee this May
In celebration of the Bitcoin Halving, all Swipe Visa Cards will be free for the entire month of May. No membership fee, annual fee, card order fee, and shipping fee will be charged for the users who will avail of these services.
Spend crypto and earn up to 5% cashback in Bitcoin.
Swipe Launches Samsung Pay for Swipe Visa Cardholders
Swipe Wallet Android users can now add their Swipe Visa Debit cards directly to their Samsung Pay Wallets. Samsung Pay gives Swipe Visa cardholders access to a secure and fast way to pay with their smartphones, smartwatches, and other Samsung Pay-enabled devices. With this integration and relationship with Samsung, cardholders can enjoy these benefits instantly and use their cryptocurrencies at over 50 million locations worldwide.
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Stay up-to-date with all the latest news from Swipe
Website: https://swipe.io
Twitter: https://twitter.com/SwipeWallet
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Medium: https://medium.com/Swipe
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LinkedIn: https://www.linkedin.com/company/swipewallet
YouTube: https://youtube.com/SwipeWallet
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