Press Release: April 02, 2020
SWYFT has developed a portable peer-to-peer digital currency with an incentivized payment structure, named POH-POP for Mobile Payments Ecosystem.
The demand for mobile-based systems has been on a massive rise. As per the latest report from Markets and Markets, ”The global mobile money market size is expected to grow from USD 3.4 billion in 2019 to USD 12.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 28.7% during the forecast period”.
Tapping this growth model into a Masternode and POS substitute, blockchain project SWYFT has been focused on developing the most compelling mobile ecosystem powered by App-Based smart contracts. The project has developed a portable peer-to-peer digital currency with an incentivized payment structure, named POH-POP. The platform aims to address the most common pain-points which new entrants face, knowledge of scripting, setting up a VPS, constant monitoring and wallet limited to a local machine without mobile flexibility on the move.
SWYF has completed the foundation for rewards to holders, so they can get started on the outward-facing value to their project. Details of these approaches alongside the Metrics of Rewards, one can read more in the full article on website cryptoshib.com. Solid foundations have been sought and calculated to avoid ROI Chasers but actual investors looking for return against a backdrop of price stability to use the SWYFTT token as a solid payment solution with a supported buying pressure from new entrants looking for an easier solution than trying to configure a VPS or periodically checking uptime.
The mobile-based SWYFT network hosts some unique features addressing the crypto market requirements. Besides, the network has also undertaken several appealing projects currently in the pipeline. These projects are to add to its growing appeal to merchants through e-commerce and give investors’ confidence.
Projects Undertaken by SWYFT Network
Tether Tokens: The SWYFT development team will have a non-fungible serial numbered Tether token for easing swapping from SWYFT when the market is bearish. However, the guarantee buyback option along with using the SWYFT token as a payment option also aims to attract a large number of merchants. The Tether token will allow for tying the SWYFT token to any local currency while establishing a potential longer-term bank partnership. Owners of the SWYFTT tether will be privy to owning the serial numbers purchased in circulation.
Payment Gateways: SWYFT aims to push cryptocurrency payments for e-commerce stores. Thus, it plans to develop payment modules for services like Shopify, WooCommerce, Big Commerce, etc. Over a period of time, SWYFT will expand this service to other merchants with additional benefits like concept escrow services and no chargebacks. The owner of the business is a supply chain consultant with several links to businesses it is currently talking to about the adoption of crypto within its payment offering. SWYFT also has its first test case whilst it refines the payment gateway for a sales rollout within the Neto Module to test in Australia.
Marketplace: SWYFT plans to have its own peer-to-peer localized listing service and marketplace. It plans to develop an intuitive platform within the SWYFT mobile wallet for selling personalized items against SWYFT tokens.
SWYFT’s plan is to create and rival giants looking at incorporating several models into an all-round solution. These models are not limited to CraigsList, eBay, Amazon, and Shopify. Whilst the scope of this will take some time it is on the road map for 2020. The overall validity of building something of this nature is to create a one-stop place for all crypto enthusiasts and holders to spend crypto and raise the overall profile of it as a daily economy but will be vetted against the thirst of merchants using the payment gateway.
Incubator Program: SWYFT’s incubator program is designed to attract developers who share a common vision and work ethic to help to bring new ideas and innovation to the SWYFT Eco System. Sometimes investing in products is one thing, investing in people allows SWYFT to enhance its overall ability to deploy timelier and widen its approach to other justifiable use cases for its investors and the overall sector. This could come in the way of acquisition, merger, takeover or team member addition.
“All-in-all SWYFT plans to have an end-to-end ecosystem of crypto-based mobile payments and create a global market to push more and more cryptocurrency usage in the global economy and raise the awareness of the industry “
More information you can find on project's website: https://swyft.network/ and dApps platform: https://dapp.swyft.network/