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SolSwipe offers the first decentralized Solana Debit Card And Sells Out Its NFTs In Record Time

SolSwipe offers the first decentralized Solana Debit Card And Sells Out Its NFTs In Record Time

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The SolSwipe protocol has announced its new decentralized debit card. The card is the first in the world to load directly from a cold and hot wallet, and the first Solana payment card to enable Web3 reloading with Phantom, a Solana-based wallet designed for decentralized finance (Defi) and non-fungible tokens (NFTs) .

The debit card is designed to be simple and supports SOL/USDC as well as other major networks such as Ethereum (ETH) and Binance Smart Chain (BSC). It allows access to more than 200 countries in the world with lower fees than most other crypto payment cards. SolSwipe's ground-breaking card is available worldwide and can be used for digital purchases, at a physical point of sale (POS) or at any Visa-compatible ATM.

SolSwipe NFTs sold out within seconds of release

SolSwap sold its entire NFT collection (6666 NFTs) in a matter of seconds. Owners are entitled to special bonuses consisting of a percentage (up to 20%) of paid royalties and loading fees, as well as reduced transfer fees (5%) applied through the reward system. Other benefits for NFT holders include cryptocurrency or NFT airdrops and premium metal SolSwipe debit card redemption.

SolSwipe is expected to make it easier airdrop this month which only benefits SolSwipe NFT holders.

The introduction of the SolSwipe card is an excellent moment as more and more people are looking for decentralized options. Recent concerns about the stability of traditional financial institutions highlight this fact. SolSwipe's direct deposit functionality and low fees make it a great choice for those looking to use cryptocurrency for everyday purchases.

SolSwipe and its Solana Debit Card are awaiting major adoption

The SolSwipe team is excited about the prospects of the new card, and they have outlined their plans for the future. After 1-2 months, bank cards will be available in several networks. Additionally, debit cards can connect directly to users' MetaMask wallets, allowing them to load from BNB and ETH chains in just a few clicks. The team is also exploring the possibility of allowing users to stake their cryptocurrencies to earn rewards, which would be a first for debit cards.

The company predicts that by the end of the 6-12 month mass rollout, they aim to collect 50,000 to 200,000 card users. As part of the partnership campaign, SolSwipe also plans to work with market leaders to name their own SolSwipe debit card brand. All in all, it looks like the team is off to a great start and has ambitious plans for the future.

SolSwipe is not bound by legal restrictions as it offers debit cards that are not subject to the same regulations as cryptocurrency exchanges. As a result, the platform aims to achieve what most exchanges cannot. SolSwipe is also partnering with JDB Bank of Laos, which holds one of the six crypto licenses granted by the country's regulator. The bank has been operating since 1989

An added benefit of using a SolSwipe card is that SolSwipe never has access to your funds - they are stored in a cold wallet in your possession. This significantly reduces the risk of hacking. In addition, the funds are converted into dollars and then loaded onto the debit card. The entire process is manual and takes 12-24 hours to reduce hacking and other vulnerabilities.

The SolSwipe protocol has three levels available: Black, Silver and Gold. The black tier is a standard plastic card, while the silver and gold tiers are made of metal cards. Holders of metal cards (silver and gold levels) are entitled to lower fees and higher load limits. Visa and UnionPay support all these cards.

The SolSwipe debit card is available exclusively through SolSwipe's official website. To get the card, users must go through the KYC (Know your customer) process with the bank. As soon as the user gives his personal data to the bank, they are forwarded directly to the bank and SolSwipe cannot access the data. After confirmation, the cardholder will receive his new bank card by mail to the address he provided.

Instructions on Obtaining a SolSwipe card can be found on the project's website.

Jon, the founder of the project, and co-founder Jammy lead a team with considerable experience in the mainstream economy, blockchain technology and marketing. For 10 years now, Jon has been an entrepreneur and created various startups. In addition, he has acquired and scaled several companies, while currently running a digital marketing agency focused on web 3 technologies enhanced by Solana-based products such as SolSwipe.

About SolSwipe

The SolSwipe protocol marks the day when cryptocurrency truly embraces hashing. Solana users can finally use their cryptocurrency in the form of a debit card without the hassle of sending cryptocurrency through major exchanges. SolSwipe users get their own unique SolSwipe debit card. Users connect their personal Solana/Ethereum wallet to SolSwipe and load their SolSwipe wallet. This enables immediate use of the bank card; anywhere at any time in over 200 countries around the world. The SolSwipe debit card works like any other payment card; use it for bills, food, gas and online shopping.

Release: https://solswipe.io/assets/whitepaper.pdf

Website: https://solswipe.io/#

Twitter: https://twitter.com/solswipecard

Discord: https://discord.com/invite/solswipe

PR contact information:

Jon – Founder of SolSwipe

[email protected]

Disclaimer: This is a press release. Coinpedia does not endorse or is responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to the company.

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