Swipe is a crypto-fiat gateway that enables cryptocurrencies to be spent as fiat currencies in real time. Its mission is to "make crypto finance mainstream by connecting existing payment networks to cryptocurrencies".
Swipe features a wallet for users to deposit, store, and withdraw their cryptocurrencies. Users are able to spend these cryptos with the Swipe Visa debit card at any place that supports Visa payments.
Swipe also features a utility token, SXP, that can be used for paying for transaction fees, as a medium of exchange, and to receive discounts on the fees. 80% of transaction and withdrawal fees in SXP token are automatically burned on-chain.
The project raised 12.00MM USD via private and public token sales in August 2019.