SWFT Blockchain Milestones: An Up-to-date Review of SWFT Pay and SwftCoin
In today’s blockchain ecosystem, new projects are constantly coming online. The existence of novel blockchain projects that stand out from the pack can be very rare, however. SWFT Blockchain has become a leading figure in the blockchain payment ecosystem. Established in the fall of 2017, SWFT Blockchain has constantly improved upon their technology going through several versions, and now their new SWFT Pay feature, along with their payment token SwftCoin (SWFTC), serve as an indispensable payment solution to over 200,000 active users.
SWFT Blockchain’s mission to “Enable Smart Worldwide Financial Transfers: easier, faster, and safer” has led to the development of SWFT Pay, which seeks to serve as the next generation payment system that creates a faster and safer “one-stop cross-chain” payment solution. SWFT Pay already supports instant payment with over 100 digital currencies including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), Stellar (XLM), Tether (USDT) and more.
Here is a list of what SWFT Pay can do:
- Social Media Payments
- Access to SWFT Pay API
- QR Code Payments
- E-commerce Payments
- Red Packets
SWFT Blockchain developers have constantly added to the list of what SWFT Pay can do to increase solutions presented by the platform.
I was amazed when I first discovered these and many more of SWFT Pay’s unique offerings! I had my friends send me Payment requests through the Pay and Request options, so that I could directly pay and receive in over 100 different cryptocurrencies. For a quick and easy guide on how to use the SWFT Pay platform you should visit this link.
SwftCoin (SWFTC) is an ERC20 token, and the trading fee on SWFT Blockchain exchange, as well as clearing and settlement token on the platform. While all 170+ coins listed on the exchange are paired with SwftCoin for trading, the biggest advantage of holding SWFTC is that it helps in reducing the fees by about 50%. The normal transaction fee is 0.2% but if you hold SWFTC, the cost will be reduced by almost half to only 0.1%. This is comparatively much lower than similar platforms like ShapeShift or Changelly, which charge around 0.5% per swap. SWFTC also is used as a form of payment for service fee thus creating a broader use case. Cross border transfers can also be executed using SWFTC thus expanding its use cases.
SwftCoin is a true definition of low costs complimented with high security, speed, and transaction efficiency. The coin is listed on 24 digital currency trading platforms further ascertaining its wide acceptability in the crypto space.
At the time of this writing, SwftCoin is traded at a value of $0.003131 USD (40 sats) with a market cap of about $11,250,938.66 USD with a rise of 4.13% in the last seven days. Daily trading volume remains at over 970 BTC, which is equivalent to about $7,500,000 USD, it is currently ranked at 307 on CoinMarketCap and it is rising fast, possibly because low cap coins with solid use cases have larger appreciation potential.
SWFT Blockchain Trust Assurance
The ever-expanding number of payment platforms in the cryptosphere can be confusing to a newbie and choosing the right project can be a daunting task. SWFT Blockchain is a next-generation, worldwide cross-chain transfer platform and payment network. SWFT Blockchain’s technology combines blockchain, machine learning and big data to enable direct swaps between over 170 cryptocurrencies at record speeds. SWFT Blockchain’s all-in-one cryptocurrency transfer platform and wallet app features one-click in-wallet transfers, decentralized transfers, price limit orders, and payments using SWFT Pay; offering an extensive, fast, affordable, and secure cryptocurrency experience. SWFT Blockchain has received funding from top venture capital firms, including Draper Dragon and participated in the first ever cohort of startups at Berkeley Blockchain Xcelerator. SWFT Blockchain won the first place at the Fintech Final of International Innovation & Entrepreneurship Competition in Shenzhen last month, and was listed to the 10 Fastest Growing Cryptocurrency Technology Solution Providers to Watch in 2018 by The Technology Headline last year.
SWFT Blockchain has great potential with an innovative alternative to traditional payment systems as well as useful payment functionality through their SWFT Pay feature, SWFT Blockchain has fulfilled the promise of enabling the sharing of money across blockchains instantly with anyone, anywhere, at any time, for free. Finally, SwftCoin is designed with blockchain lovers in mind and the project is committed to always improving on their novel solutions to enable easier financial transactions all over the world.