Is swipe a good coin?

Swipe (SXP), a popular DeFi coin , climbed to its all-time high of $5.86 on 3 May 2021, according to CoinMarketCap, but its performance has been largely bearish since then. December 2021 saw the coin suffer losses, and its price declined by more than 38%, from $2.35 on 1 December to $1.45 on 17 December.

In July 2020, Binance acquired the majority of Swipe for an undisclosed amount. The acquisition was made to enable the two companies to partner in bringing together fiat and digital assets.

Central to Swipe’s ecosystem is the ability for users to use the Swipe card to pay merchants. In this case, smart contracts on the network will automatically convert any cryptocurrency stored in the wallet to the needed cash payment accepted by the merchants at the point of purchase .