/biz/ - Business & Finance

>>22465514
chink team

Crypto.com is better and available to burgers.

Makes me furious too but crypto as a whole took a dump again. Link and SXP pretty much peaked at the same time and shortly after dumped. We're just not in bullmarket yet unless you play the Uniswap casino.

>>22465730
See, youre behind the updates.

Is this the problem? People just arent aware of how fast and efficiently its progressing?

>debit

Is it a good idea to use a debit card to buy stuff instantly on Coinbase, or will Russians steal all my money when Coinbase gets haxxored again?

>>22465514
Swipe reminds me of ICX. Partners, hype, working product, etc, but the price just dumps every day. Meanwhile confirmed scams like sushi breaks ath.

>>22465881
You guys are fucking up comparing it to cro. Sxp is nothing like cro, it's more like MCO and the card. It may go higher than mco but binance also has its own token so who knows what happens then

>>22465971
That's what I'm talking about when I say its making me lost faith in crypto.
We arent celebrating true projects and victories and this is one of them. We need to be pushing this thing hard as fuck to normies.
Get your Swipe card.
Get with the times.
Get your Swipe card.
Get with the times.
It not only benefits Swipe holders but BTC holders and all crypro holders since its a not just a ramp but a gateway to the purchase of other cryptos, thru the marketplace, since its so connected to fucking Binance, the largest exchange of them all. Next to CB.
Wtf are we doing
Fuck sushi
Fuck nyan
Fuck all this dumb shit. Lets manifest a bullrun

>>22466103
>Lets manifest a bullrun
Well then keep buying sxp. Im almost at 30k

>>22466103
Projects like link, aave, snx, yearn and nyan are crucial to lay the framework for the bullrun. don't hate on it.

I am a CROfag but I want swipebros to sucess too, these cards are an amazing middle ground for getting normalfags into cryptocoin adoption.

>>22465881
Only virtual cards are available in the US until November, try harder

why would anyone spend crypto on coffee and dragon dildos when it could x10 the day after? is swipe connected to a stablecoin? no i wont google

can someone explain how the rewards work?
I'm thinking about doing the 300SXP card so I can get free amazon, spotify, and netflix
but do you have to spend a certain amount to get the reimbursement?

>>22466397
It's a wallet and you spend from it. If you put stablecoins on the wallet it spends stablecoins

Anyone know the specifics of relationship between SXP the token and the Binance card? Read something about SXP being used/burned for transactions by the Binance card

>>22466399
When you pay for Amazon prime or whatever you get the 100% cashback on the swipe app.

>>22466332
Thats.. 2 months away. Why arent you buying now?

>>22466661
I already bought 12k coins, swing trading for now until any important news come out

>>22466436
>>22466397

Stablecoins not supported yet

>ever trusting the chinese.

>>22466441
no one really knows yet, waiting for news

>>22466695
Holy shit wait.
If you could spend XRP with the Swipe card would that be a gamechanger? A 1500 TPS stablecoin? Flip the switch, set it to $1.00 and boom.

>>22466638
>When you pay for Amazon prime or whatever you get the 100% cashback on the swipe app.
is there a gimmick?
if I only use it for those subscriptions, does it end up being free?

>>22466397
>>22466695
https://swipe.zendesk.com/hc/en-us/articles/360007761358-Which-cryptocurrencies-do-you-support-
This lists the coins "supported by the wallet", but only a handful can actually be turned into fiat to buy shit.
https://swipe.zendesk.com/hc/en-us/articles/360007761378-What-fiat-currencies-are-available-on-the-Wallet-
Then this page lists the fiat currencies that the wallet "supports". But I assume that means you can buy things that are priced in these currencies, but you can't load up the card with any kind of fiat or stablecoin to spend. Right? So you can do e.g. BTC>EUR but not EUR>EUR. I wouldn't mind using this as a standard debit card just to get the bitcoin cashback but yeah, I don't want to spend actual crypto that I'm holding.
It's a way to use up bags if I bought something really stupid I suppose.

>>22467059
Stable coins coming in future allegedly

>>22467059
You are correct you can't top it with fiat, amd can't use USDT, BUSD, USDC, etc...

>>22466767
Well, the gimmick is you gotta lock in your sxp for 6 months. Yes, basically free.

There’s a lot of focus on the debit card.. but Swipe are also rolling out crypto savings accounts with up to 14% interest, credit cards, and swipe swap which is a uniswap like platform which will allow you to swap coins on both ethereum and Binance smart chain among other things.

>>22465514
$7 when?

>>22467432
when u zóld

>>22466742
XRP will be utilized by swipe but now how you described

>>22465514
>Why isn't this doing better than it is?
>It honestly kind of makes me lose faith in crypto as a whole.

Not everyone buys on margin or hopes to make a quick buck riding dildoes. It's supposed to be a long-term hold.

My only concern is that they do a MCO to CRO type deal with SXP to BNB.

>>>22467321
>but Swipe are also rolling out crypto savings accounts with up to 14% interest, credit cards, and swipe swap

Lmfao, both things crypto.com already has.
I feel sorry for you if you bought into this shit coin, go into the swipe app comments on google store, and check how bad they rate.

Have fun dumping your life saving on some random filipino

>>22465514
did you stop and think maybe the price was super overvalued from speculation?

>>22465514
I fucked up. Bought at 3.3 and now I'm stuck bagholding this piece of shit.

>>22470162
DCA down duh..

>>22470440
>just DCA down to zero, bro
yeah, no thanks

>>22465514
For anyone wondering, this is what real reddit spacing looks like. Tell op to go back

>>22465514
I have your fingerprint now.

I don't really understand why people want these crypto cards where to get them you need to own tokens and lock them up. These are not the tokens which will retain value overtime.

>>22470554
So you're saying that you would rather read walls of text just to be cool?

>>22465514

any crypto you hold either on the Swipe card or the Binance card gets converted to SXP, and then is either converted to fiat OR used for the transaction directly if the merchant is enrolled in "swipe pay" which is a setup allowing the enrolled merchants to accept SXP tokens for payment. there's even an incentive for them to do this because they will save money from the traditional VISA charges.

and remember, the Binance card is doing exactly the same thing. they want to wade into the water of making cryptocurrency more practical for everyone without diving all the way in. if Swipe, doesnt work our, its no big deal for them. If it does, its going to be a very big deal.

As for crypto.com, they are going ot have a rough time competing with a big exchange like Binance. also, they could not have chosen a worse name. "crypto.com" has absolutely zero appeal to normies and sounds like the name of a scam.

It may take a long time, but I think gambling on people becoming at least more interested in the utility of Bitcoin as an actual currency in teh future is a safe bet.

>>22470678
OP is so fucked now

bunch of clueless fags in this thread

let me explain why sxp is in the shitter right now

binance acquired swipe with the sole intention of leveraging the banking rails for binance card

us bagholders were hopeful that it'd be a positive for swipe, but nope, we absolutely got chinked by CZ instead

binance card has higher cashback (7%) and requires smaller stakes via BNB for lesser tiers (rumoured 500 bnb = 5% cashback)

this means that swipe has direct competition from binance card, even though swipe runs the backend for binance card

instead of people purchasing SXP to stake for a swipe card, they'll now be purchasing BNB to stake for a binance card

every time swipe launches in a new region, binance card does as well to compete

only upside from this is that binance card transaction fees are paid to the swipe network, resulting in SXP burn

this is eclisped by the fact that SXP is being inflated at a ridiculous amount via staking on chain, which currently serves no real purpose

tl;dr is CZ fucked swipe over to pump BNB

Agree with what you said OP, this is one of the very few ways you can actually use crypto right now. There are so few use cases after 11 years of blockchain it's crazy. That being said here's why I sold:

>Binance is going to release their own cards. Is that bullish or bearish for swipe? Which one would you rather have? Binance is offering up to a 7% card which means there will probably be more tiers. Even though Swipe is owned by Binance, people are not going to put their money in an offshoot company over the parent company overall. Counter intuitive and confusing.

>MCO was the utility token for the Crypto.com cards, so all the people that were comparing this to a billion dollar coin (CRO) were comparing the wrong coin. MCO's price action was never that great (though decentralization was probably better). But still, apples to apples guys.

>Their 2% card is not competitive compared to the Crypto.com card. Their 4 and 5% cards are cheaper but are prohibitively expensive for mass adoption. Huge blunder.

There are worse coins out there, but I'm waiting to see what the Binance card tiers shake out to be, that's where most people (and the Binance user base) will go.

>>22471230

The cost of getting in to a particular cash back/reward tier for swipe cards will change in the future as token holders will vote on it in the future. incentive is the lower the thresholds to get more people involved.

>>22471385
what are people going to rush towards, the massive brand of binance or some no name swipe shitcoin card?

binance card is very bad news for buying pressure on sxp

>>22471647
The JLizard plan is to 1) collect fees for the SXP network via transactions on the binance card (powered by SXP) and 2) partner with other platforms and institutions to provide cards for them.

Now whether they are successful, and how truthful he is, are variables. But binance card is positive buying pressure since its life time value is part of the SXP ecosystem.

>tfw all the fud is affecting me

might have to dump my bags

>>22471385
>>22471647

Why would binance let SXP price pump if they are going to pay Swipe fees in SXP for every transaction.

>>22471230
plus 10 million monthly SXP token unlock

>>22471230
>>22471768
goddamnit i got chinked again
where does that slimy gook CZ live?

Didnt read never selling

>>22471768
Holy fuck so glad I finally sold my bags. Already up 10% from switching into YFI on the dip. With the Binance cards this shit is going nowhere

>>22465514
you guys are hopeless
this shit was @ $0.50 in july, 2 months 3x
and you guys are crying and giving up
don't invest because your expectations are too high

>>22471753
sxp is burned out of the non-circulating supply so its wholly fucking irrelevant for the next 4-6 years

a plus if you plan on holding that long i guess

people aren't going to be buying SXP to stake for cards since they'll be buying BNB

>>22471230
>binance card has higher cashback (7%)
It requires 6000 bnb

>>22471230
>this is eclisped by the fact that SXP is being inflated at a ridiculous amount via staking on chain
Circulating supply will never be more than 100mil.

It’s backed by a dying empire

Truth to be told, SWIPE is a Card ISSUING service. Which means they cover all legal to offer card to companies. Binance is the 1st costumer. If my calculations are correct everyone will want to get on this after binance does it and swipe will be the provider. If binance does 7% cashback and no stablecoins other may go for 10% cashback and stable coins.

>>22472636
>The SMART way to offer cards
Pay the 25000$ and RISK to lose it all if your project fails or STAKE 300000 SXP and prevent loses if you project fails.

>New market
Step 1. Buy 300.000 SXP and stake them (you also get 12% APY on binance)
Step 2. Create some DEFI coin and app like "Nature Plus You".
Step 3. Sell only virtual cards at 15 - 20$ each and start a millennial movement like: "Plastic's not fantastic."
Step 4. ??????
Step 5. PROFIT.

>>22472875
Total supply is 289,969,953 so only about 950 startups can do this the smart way. And since Binance is the leader of this, everyone will get in. I expect to see 10 - 20 projects using this in the 1st year and mark my words that all of them will play smart and go for that 12% APY + services instead of paying the fee.

I believe this is one of the reasons CZ is using and backing them.