SWFT Blockchain is a next-generation, cross-chain transfer platform and payment network. SWFT Blockchain’s technology combines blockchain, machine learning and big data to enable direct swaps between over 200 cryptocurrencies at record speeds. The host of services offered by the project includes cryptocurrency transfer platform and wallet app feature one-click in-wallet transfers, decentralized transfers, price limit orders, and payments using SWFT Pay. The company currently offers services to more than 200,000 users in around 154 countries. Currently, 58 public chains are supported by SWFT Blockchain’s cross-chain protocol and wallet
SWFT Pay app is developed to support the SWFT Blockchain’s mission to “Enable Smart Worldwide Financial Transfers: easier, faster, and safer”. 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. A few of the following features are available on SWFT Pay:
1. Social Media Payments
2. Access to SWFT Pay API
3. QR Code Payments
4. E-commerce Payments
5. Red Packets
6. Pay and Request Options
SwftCoin (SWFTC) is an ERC20 token which is the fuel of the SWFT Blockchain. It is also used as a trading fee on the Swft Blockchain Exchange. 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 significantly lower than its competitors like Changelly or ShapeShift which charge flat 0.5% for a swap.
Swft Blockchain has received funding from top VCs, including Draper Dragon and is in the first 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 provides 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. SwftCoin is designed to fuel the blockchain adoption and the project is committed to improving on their novel solutions and scale its business to enable easier financial transactions all over the world.
CoinDCX is India’s largest and safest cryptocurrency exchange. Built with user experience and security in mind, CoinDCX provides instant fiat to crypto conversions with zero fees, so that users can have access to a diverse suite of financial products and services that are backed by industry-leading security processes and insurance protection.