Swipe visa card announced that cashback offer in Bitcoin for using their crypto-fueled card. This will be made available initially in United Kingdom and 28 other European countries. The users will also earn rewards, by converting their crypto to FIAT, on usage of Google Pay and NFC facilitated card usage, for which the spending limit has been increased. A complete list of countries, where the cashback is available, is mentioned below.
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
Swipe #Visa cards let you earn cash back in #BTC today!
Cardholders in the UK 🇬🇧 or 28 countries in the EU 🇪🇺 can enjoy:
🔄 Convert Crypto to Euros
💶 Spend Euros, earn #Bitcoin
📲 Google Pay enabled
💳 Visa Paywave NFC
Get started: https://t.co/euxze69RNI pic.twitter.com/sKJXrChVYS— Swipe (@SwipeWallet) April 10, 2020
Sending Crypto Via iMessage
Swipe users on iPhone can now send crypto via the iMessage app. This will make sending crypto easier and user friendly, this has the potential of increasing user adoption via usage of a facility, people are already familiar with and use massively.
Swipe v2 – Swipe DAO And Future Validation Rewards
Swipe team tweeted earlier that they are going to make a major announcement on May 1. This is likely to be the launch of Swipe v2 and the Decentralized Autonomous Organization, which will take over governance and allow users to vote on changes. The total supply cap will also be revealed.
According to the Swipe deflationary tokenomics model, 80% of the transaction fees collected by the network is destroyed, which reduces supply and improves the value of existing tokens. Currently, 20% of the transaction fees remain in the protocol. In the future, this will be distributed among the network validators, who validate the transaction on the network.