Swipe Crypto: A Worthwhile Investment?

Swipe (SXP) is a cryptocurrency card payment infrastructure platform that empowers the decentralised economy. It was founded in 2018 by Joselito Lizarondo, who burnt all of his founder tokens, bolstering demand for the token. Swipe was acquired by Binance in 2020, and its focus shifted to B2B products with fees paid in SXP. The platform enables businesses to create card-based fiat-funded card programs that allow them to accept both fiat and cryptocurrencies. It also allows users to buy and spend both crypto and fiat assets using its connected Visa debit cards and Smartphone dapp. The SXP token is used to pay for various services and fees and to receive rewards. It is also a governance token used to vote on protocol improvements. So, is Swipe crypto a good investment?

Swipe's payment infrastructure and ease of use

Swipe is a cryptocurrency platform that bridges the gap between cryptocurrencies and fiat currencies through its three main products: the Swipe crypto-funded debit card, the Swipe multi-asset mobile wallet, and the Swipe Token (SXP). The platform is designed to empower its decentralised economy and uses 'card payment' infrastructure.

Swipe connects and partners with major payment networks, including Visa, to enable businesses to create cryptocurrency-to-fiat-funded card programs. This allows merchants to receive both cryptos and fiat currencies with ease. Swipe Ramps enables a full fiat channel for payments into and out of any asset class.

Swipe offers virtual and physical debit cards. The virtual card can be issued instantly, while users wait for their custom-branded physical card to arrive in the mail. The physical card supports digital payments and NFC, and both cards can be tokenised for a touchless experience, enabling access to Apple Pay, Google Pay, and Samsung Pay.

Swipe's card programs offer a range of programmable settings, allowing businesses to customise what their users can access. These settings include enabling foreign transactions, locking and re-issuing lost cards, PIN controls, and more.

Swipe also handles Know-Your-Customer (KYC) and identity verification requirements per region, bundled into a single API call. This simplifies the process for clients, who can leverage Swipe's licenses and banking partners to get all the access they need to launch their card programs.

Swipe's platform is designed to be user-friendly, providing a simple and powerful API to create a tailored product. The platform supports various payment methods, including wire transfers, credit cards, and debit cards, making it convenient for users to fund their accounts.

Overall, Swipe's payment infrastructure and ease of use are designed to bridge the gap between cryptocurrencies and fiat currencies, providing businesses and individuals with a seamless and customisable way to utilise both worlds.

SXP's price predictions for 2022-2030

SXP is a utility-based cryptocurrency that powers The Solar Network, a decentralised layer-1 blockchain. SXP has a dynamic growth goal of establishing a presence in payments through Visa, among other things.

• According to Coinpedia, the SXP price might trade as high as $0.40 by the end of 2022. Conversely, it could slump to $0.30 if bearish trends persist.
• Gov Capital's prediction system estimates that the future price of SXP will be $2.85 by 1 August 2023. This prediction is based on the assumption that the asset's price has been in a downtrend since its inception.
• According to Coinpedia, if the planned upgrades in 2022 are successfully implemented, the SXP price might reach a maximum of $0.7058 by the end of 2023. However, if there are negative developments or criticism, the price could drop to $0.3743.
• In 2024, the SXP price is expected to reach a minimum of $1.59 and a maximum of $1.81, with an average value of $1.64.
• By 2025, the SXP price could reach a minimum of $2.30 and a maximum of $2.73, with an average value of $2.36.
• The average projected price for SXP in 2030 is expected to be $15.90, with potential variance between $15.47 and $18.33.

It's important to note that these predictions are highly speculative and subject to change due to the volatile nature of the cryptocurrency market.

SXP's investment potential and risks

Swipe (SXP) is a cryptocurrency that powers the Solar Network, a decentralised layer-1 blockchain. It is a utility-based cryptocurrency that serves as the gas and fuel of the Swipe network, a Decentralised Finance platform that enables crypto financial products.

The Swipe platform allows businesses to issue crypto debit cards, both virtual and physical, connecting major payment networks with major crypto exchanges. It supports the exchange of crypto for over 135 fiat currencies, and users can pay with crypto at over 70 million locations in 30+ countries.

SXP tokens are used for payment of fees, discounts on transaction costs, and as governance tokens for voting on protocol changes and improvements.

Investment Potential

The investment potential of SXP is promising, given its niche in the crypto payments landscape. Its acquisition by Binance in 2020 helped increase Swipe adoption, leveraging Binance's massive user base. The number of SXP tokens is limited, so an increase in users will likely increase the token's price.

SXP has a good potential ROI, and its volatility presents opportunities for multiple profits. However, this volatility is a double-edged sword, so SXP is more suitable for investors with a high-risk tolerance and a healthy financial position.

SXP's price has been largely bearish since its all-time high of $5.86 on 3 May 2021. However, several algorithm-based forecasting services have shared bullish long-term price predictions. Wallet Investor estimates the average price of SXP to reach $1.90 in 12 months, while Digital Coin predicts an average of $1.23 in 2022, $1.40 in 2023, $1.90 in 2025, and $4.30 in 2030. Price Prediction believes the average price could be as high as $34 in 2030.

Investment Risks

As with any cryptocurrency, SXP is not a safe investment and carries a certain degree of risk. The main threats to its price include massive regulatory bans on crypto, a dramatic drop in Binance's popularity, or a generally unfavourable situation in the crypto market.

SXP's price history has been volatile, with sharp rises followed by steep falls. Its performance has been largely bearish since its all-time high in May 2021.

When considering investing in SXP or any other coin, it is important to remember that analyst and algorithm-based projections can be wrong, and past performance is no guarantee of future results.

SXP vs BTC and Ethereum

SXP, the native utility token of the Solar blockchain, has a variety of uses. Users can stake it to secure the network and earn rewards, pay transaction fees, and help govern the blockchain by proposing and voting on changes to the protocol. SXP also serves as the primary currency for Solar DApps.

On the other hand, BTC and Ethereum are two of the most well-known and established cryptocurrencies. BTC, or Bitcoin, was the first decentralised cryptocurrency and has the highest market dominance of any cryptocurrency. Ethereum, or ETH, is the second-largest cryptocurrency and is known for its smart contract functionality, which has enabled the development of decentralised applications and the creation of non-fungible tokens (NFTs).

When comparing SXP to BTC and Ethereum, it's important to consider their differences in terms of market capitalisation, volatility, and use cases. SXP has a much lower market cap than BTC or ETH, which means it could potentially offer higher growth opportunities but also comes with greater risk.

In terms of volatility, SXP has exhibited solid returns over the last few months but has also experienced significant price swings. BTC and ETH, being more established, tend to be less volatile but can still be subject to market-wide crashes and corrections.

Regarding use cases, SXP is focused on powering the Solar Network, a decentralised layer-1 blockchain, and providing a range of products and services to its users, including a multi-asset DeFi app that allows for easy conversion between cryptocurrencies, fiat currencies, and stable coins. BTC, on the other hand, is often considered a store of value and a hedge against inflation, while ETH is widely used for smart contracts and powering decentralised applications.

Overall, SXP may offer more speculative investment opportunities due to its lower market cap and potential for growth. However, BTC and ETH are more established and widely adopted, making them potentially less risky investments in the long run. Diversifying one's portfolio by investing in a combination of these cryptocurrencies may be a strategy to consider, as it can help to balance risk and return.

How to invest in SXP

Swipe (SXP) is a cryptocurrency that powers The Solar Network, a decentralised layer-1 blockchain. It was founded in 2018 by Joselito Lizarondo and acquired by Binance in 2020.

SXP is a utility-based cryptocurrency that enables users to pay with cryptocurrency at over 70 million locations in more than 30 countries. It also allows for the exchange of cryptocurrencies for over 135 fiat currencies.

If you are considering investing in SXP, it is important to remember that, as with any cryptocurrency, there are risks involved. The price of SXP is subject to volatile market fluctuations and external factors such as regulatory bans on cryptocurrencies or the popularity of Binance.

• Choose a crypto exchange that lists SXP, such as Binance, Gate.io, FTX, Bithumb, or Pionex.
• Register an account on the chosen exchange and verify your identity.
• Deposit funds into your account.
• Purchase SXP with the deposited funds.
• Withdraw your SXP to a secure wallet if you plan to hold it for the long term.

It is recommended to only invest what you can afford to lose and to do your own research before investing. Additionally, consider dollar-cost averaging as a strategy to build your SXP portfolio over time.

Frequently asked questions