Swipe's SXP continues to rise! Token to be updated, no transaction fees, Binance announces support for staking
Swipe announced that starting at 8:00 on August 17th, Taiwan time, users of Swipe Wallet and Swipe Card will no longer be charged any fees for buying, selling, or using cryptocurrencies. Prior to this announcement, Swipe used to charge a 1% fee.
Previously, when buying or selling cryptocurrencies with fiat currency, a 1% fee was required, as well as when converting cryptocurrencies to the Swipe Card (cryptocurrency debit card) and using the card for payments, a 1% fee was also charged.
The CEO of Swipe stated:
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Waiving the fees will contribute to significant growth for Swipe, attracting new users and cryptocurrency enthusiasts to our platform.
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Price Increase, Binance Announces Support for Staking
According to data from CoinMarketCap, there was a significant price surge on the 11th and 13th after the news was announced. It was reported that after rumors of Binance acquiring Swipe on June 30, the price had increased from the 0.49 level to $4.55 before the deadline, a growth of over nine times.
On the afternoon of the 13th, the exchange Binance also announced that it will launch SXP staking on August 23.
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