Do you realize that encrypted currency transactions gain more popularity? According to a report from a visa, their network treated more than a billion dollars in encryption transactions in the first quarter of 2021, which rose to about $ 2.5 billion in the first fiscal quarter of 2022. This represents a significant increase in a relatively short period.
If you are looking for a comfortable and safe way to buy goods and services with a digital currency, Swapin may be the perfect solution for you.
In this article, we will take an in -depth look at how Swapin works, what are the benefits it offers, what fees they involve, and what to take into account before paying using Crypto.
So, continue reading to find out why Swapin soon became the expected choice for those who want to make personal coefficients with a digital currency.
What is Swapin?
Swapin is a revolutionary new platform established in 2017 with the task of filling the gap between encryption and traditional financing.
It is a licensed platform from Estoni whose users allow for encryption payments with direct immediate conversion to EUR to an individual account.
The team in Swapin is obliged to provide safe and legally compatible solutions, as it works under the FVT000088 license.
Their primary goal is to provide a strong but easy -to -use platform that helps individuals and companies accept and spend encryption in an organized environment.
Since it corresponds to the standards of European financial service available to each of the companies and individuals, they have been able to obtain many high -rating reviews on TrustPilot.
Swapin team
the A team from Swapin It consists of experienced professionals in various fields, including technology, marketing and business development.
Evald Hans Curie, the CEO and founder of the company.
Part of the basic team is also CMO Alexandra Lartey, CPO EDWARD RIBANE, CTO JONAS Honga and CBDo Kate Voogla, responsible for business development operations.
Julia Tarmesto and Andreik Joji provides law enforcement experience and ensuring compliance with AML systems. Marge Simo has a master’s degree in business management and is experienced in financing projects and financial management.
In their books, they have a financial specialist with more than 20 years of experience, influential consultants from this industry, and an experience with experience and legal employees.
Benefits of using encrypted currency for personal transactions
The cryptocurrency can open a world of financial freedom as traditional transactions are no longer the only option. With Crypto, you can quickly and safely transfer money to anyone in the world without the need to worry about fees or waiting periods.
You also do not need to provide any personal information, which helps to maintain your own specificity. In addition, cryptocurrencies have much lower transactions costs than traditional methods such as bank transfers and credit cards. This means that you can save money on the fees when sending or receiving money.
With encrypted currency, you can also make international payments easily and without concern about exchange rates or transfer fees. Many encrypted currencies offer advanced features such as smart contracts and decentralized platforms that provide more comfort for users who are looking for an alternative way to make their financial transactions safely and privately.
Swapinpay Crypto to Fiat Transactions – How do you work?
Swapin makes it easy to handle the cryptocurrency because it provides an immediate conversion of encrypted currencies to the euro. When the customer begins an encrypted batch, Swapin automatically converts the encryption to Euro at the current exchange rate.
The transfer amount is immediately transferred to the connected IBAN account. In order to end the preparation process, the user must provide their IBAN account.
Customed from Ibans from Swapin
With SWAPIN, you can now access the IBANS for easy and secure encoding payments, giving you more control over your money.
They are available exclusively for EEA (European Economic Zone) population with basic or full verification levels. It allows direct withdrawal and payments directly to a bank account in the name of the customer, eliminating banking restrictions.
IBANS for SWAPIN only works on Crypto-To-FIAT transactions that have started in its basic system, not other types of transactions.
What do you need to use Swapin Pay
Swapin Kyc
To use Swapinpay, you will need:
- Send a good and go through the KYC verification process.
- With the implementation of the new technology in the improved KYC verification model, it takes only two minutes to check your identity and documents using artificial intelligence automation.
- This enables users to send encryption payments to themselves or any other SEPA bank accounts.
- After the review process has passed, which can last from several hours until one working day.
- The “basic level” customers will be able to deal with up to 2500 euros of the common value through Swapinget and Swapinpay as well.
- Thanks to the technology developed by Verif, customers no longer need to enter their personal information manually since they were digitally collected from the documents submitted by them.
They take security seriously and participated in partnership with Verif and ONFIDO, who lead the verification providers, allowing their users to complete the KYC procedure in two minutes. This gives you the opportunity to make your first treatment almost immediately after subscription.
Swapin enables simplifying the process of using encryption for payments while providing a smooth conversion and transfer.
