Swipe (SXP)

IEO

Last updated: Feb 06, 2021

Swipe is a Decentralized Finance (DeFi) platform that enables cryptocurrency financial products powered by SXP.

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Overview

Project industry	Exchanges & Wallets
Product type	Platform
Founded	Philippines
Whitepaper	Open

What is Swipe

Swipe is a crypto-fiat gateway that enables cryptocurrencies to be spent as fiat currencies in real time. Its mission is to "make crypto finance mainstream by connecting existing payment networks to cryptocurrencies". Swipe features a wallet for users to deposit, store, and withdraw their cryptocurrencies. Users are able to spend these cryptos with the Swipe Visa debit card at any place that supports Visa payments. Swipe also features a utility token, SXP, that can be used for paying for transaction fees, as a medium of exchange, and to receive discounts on the fees. 80% of transaction and withdrawal fees in SXP token are automatically burned on-chain.

Swipe is powered by 3 core components

Swipe

The founding company that develops Swipe key products such as Swipe Wallet, Swipe Card, and more for Swipe users.

Binance

The parent company that owns a majority stake in Swipe and is also partnered to bring further growth and development to the platform.

Ecosystem

This includes our partners, decentralized applications, and community whom together form our ecosystem.