We are back with a NEW style of podcast, we are giving a full overview and review of Swipe. We are looking to do this from now on, some stuff remains but we are looking to give an audible discussion of individual coins.
Swipe is a multi-asset digital wallet application and Visa debit card that enables users buy, sell, and spend various cryptocurrencies. Swipe utilizes the Ethereum blockchain to operate the Swipe Network.
Swipe uses a two-layer approach for its users to combine off-chain and on-chain function on its platform which is powered by the Swipe Token (SXP). For off-chain usage, supported cryptocurrencies can be instantly converted to fiat and used on point of sale. When the Swipe Network is activated in the platform, users receive a smart contract wallet which uses SXP directly on-chain to perform its functions. As functions are being called on the Swipe Network, 80% of those SXP fees are automatically burned creating a deflationary supply model.
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