What can you buy with Bitcoin using Swapin crypto payment solutions? Thanks to the innovative crypto-to-fiat technology powering Swapin products and services, the short answer is anything at all.
However, research shows that some industries are more Bitcoin-friendly than others. In this article, we will review the various items that can be purchased using BTC, and explain how Swapin’s tools can be used to pay for any goods and services you desire.
What Can You Buy With Bitcoin Currently?
Since Bitcoin became a household name and reached the price of $20,000 per coin in 2017, accepting Bitcoin often became associated with big-ticket items only. For example, Lamborghini dealerships began accepting BTC. During the 2021 bull run, Tesla started accepting BTC but later changed course.
Today, expensive items still dominate what is bought with Bitcoin directly. Real estate firm RE/MAX has partnered with Swapin to accept cryptocurrencies as a form of payment. Several luxury Swiss watchmakers have also released exclusive crypto-based timepieces that can be purchased using BTC.
Finally, many smaller businesses like Overstock and NewEgg have been accepting Bitcoin and other popular cryptocurrencies for some time. As adoption continues, more and more businesses are considering Bitcoin as a form of payment. Accepting BTC as a business is mandatory in countries like El Salvador where Bitcoin is legal tender.
Why You Can Now Buy Anything With BTC Using Swapin
The aforementioned RE/MAX utilizes Swapin B2B technology CoinCollector to accept payments for real estate properties using Bitcoin and other supported cryptocurrencies, but RE/MAX instantly receives fiat to their corporate account rather than holding crypto directly. This scenario is convenient for businesses reluctant to enter the crypto space.
Swapin’s E-Com lets any business accept crypto on its website through a convenient plug-and-play e-commerce widget. Meanwhile, SwapinPay lets individuals or businesses pay for anything, including rent, utilities, products, and more, or send crypto to anyone that’s immediately converted to GBP and EUR.
Exchange rates are locked during the transaction to eliminate volatility risk, while cryptocurrency assets are converted to fiat and sent to the recipient’s bank account. This means that anything you could possibly imagine buying with BTC, ETH, USDT, USDC, or other popular cryptocurrencies is now possible with Swapin tools. Swapin just launched a Web3 wallet integration that connects to top wallets like MetaMask, Trust, Ledger and more.
Make Your Next Purchase With BTC Using Swapin Solutions
Since Swapin products and services bridge the gap between digital and traditional finance, crypto-to-fiat payments make digital assets much more usable — and therefore, more valuable.
The next time you are in the market to make a purchase and are eager to spend your BTC, use Swapin and get access to instant crypto-to-fiat payments to any business or individual with a bank account.
How To Transfer Crypto From MetaMask To Fiat To A Bank Account With Swapin?
Last month, crypto-to-fiat payment provider Swapin launched an all-new Web3 wallet integration, enabling instant conversion of crypto assets from a Web3 wallet like MetaMask to a bank account. In a supporting blog post, Swapin explained how to transfer crypto from MetaMask to a bank account.
With the tool now live for the last several weeks, we’ve had ample time to test out the feature. As a result, we have expanded on Swapin’s guide and created this handy ‘how to’ tutorial to assist you with transferring crypto from MetaMask to fiat to a bank account with Swapin.
Swapin Web3 Support Grows Starting With MetaMask, More To Come
Swapin offers a robust set of innovative B2B and B2C tools that conveniently and seamlessly convert popular cryptocurrencies like BTC, ETH, USDT, and more into fiat currencies like GBP and EUR and moves them to a bank account in an instant.
The new Web3 wallet implementation made its debut at Swapin, launching with support for several top Web3 wallets like Trust Wallet and MetaMask. Additional support for more wallets like Coinbase Wallet will be released in the future.
The Web3 wallet connection, once established, lets individuals and business users connect to a variety of Swapin products and services and offers a wide range of benefits. Benefits include complete custody over crypto assets, and more flexibility, convenience, and control.
A Guide On How To Transfer Crypto From MetaMask to a Bank Account Using Swapin
Using MetaMask with Swapin’s lineup of crypto-to-fiat solutions is possible in four simple steps:
Step 1
Click the “Connect Wallet” button that has been added to the Swapin website to connect to the integrated Web3 wallet.
Step 2
Choose MetaMask from the list that includes Ledger, Trust, Rainbow, Crypto.com, Argent, and Exodus wallets.
Step 3
Establish the connection to a Web3 wallet you control. Only Swapin-supported digital assets will be shown, so don’t worry if some tokens aren’t appearing.
Step 4
Moving forward, the option to complete transactions using the connected MetaMask Web3 wallet will become available.
Why Swapin And MetaMask?
Swapin products include B2B services like SwapinCollect and SwapinCheckout, and B2C tools like SwapinPay and SwapinGet. Both businesses and individuals are able to convert crypto-to-fiat to make payments, send crypto, or transfer money to a connected bank account.
The Swapin brand is synonymous with trust, and is licensed and regulated in Europe. MetaMask is the most trusted Web3 wallet with more than 30 million monthly active users. MetaMask’s large install base made it a logical choice for improving the convenience for Swapin users.
By using the MetaMask Web3 wallet, crypto holders, DeFi users, NFT creators, and so many other blockchain enthusiasts can access the freedom and innovation of Web3. Check out Swapin services today and try the all-new Web3 wallet.
Swapin To Participate In Europe’s Biggest Web3 Event
In recent weeks, Swapin’s ambitions to embrace the Web3 community have become abundantly clear. The all-new Swapin Web3 wallet integration enables seamless crypto-to-fiat payments to a bank account from a variety of popular Web3 wallets.
Today, we are proud to announce Swapin’s attendance and participation at the upcoming W3N Blockchain conference – Europe’s largest Web3 event focused on freedom and innovation.
Swapin Team To Participate W3N Event, Promote Web3 Initiatives
Web3 is proving to be one of the most important financial technologies of our time. Crypto holders, NFT users, and more are able to control and custody their own assets, which can be used to connect to and interact with a wide range of Web3 services, partners, products, etc.
From December 9 through 10, key Swapin executives – company CEO Evald-Hannes Kree and Senior Business Developer Kate Voogla – will be present at the W3N Blockchain conference in Narva, Estonia. W3N is hailed as “a must-attend event for blockchain enthusiasts, developers, NFT creators, and startups.”
New Web3 Wallet Implementation Featured At Conference
Swapin branding will be on full display at a dedicated booth, with the Swapin team on-hand to discuss the future of Web3 and how the Swapin roadmap has evolved to adopt the rapidly-emerging technology. Swapin’s Web3 wallet implementation makes instantly converting cryptocurrencies to fiat like GBP and EUR and sending it to a connected bank account easier and more accessible than ever before possible.
All Swapin services are safe, trusted, and licensed. Swapin users always remain in the sole custody of their crypto assets and private keys for added confidence, comfort, and convenience. Swapin provides access to B2C solutions like SwapinPay and SwapinGet, and B2B products like SwapinCollect and SwapinCheckout. The most popular cryptocurrencies are supported, and the list of assets is constantly growing.
About Swapin
Swapin is a crypto-to-fiat payments provider delivering access to a wide range of innovative tools using the power of Web3. Stay tuned to the official Swapin blog for more updates and information. You can also follow Swapin on Facebook, Twitter, Telegram, or LinkedIn. Be sure to try the Swapin app today!
Swapin Adds Instant Fiat-Conversion Support For BNB And BUSD Tokens
Following adding support for GBP, DAI tokens, and an all-new Web3 wallet, Swapin adds BNB and BUSD to its growing lineup of supported cryptocurrencies.
With only several weeks remaining in what has been a tremendously successful year for Swapin, we remain steadfast in reaching roadmap milestones and delivering new updates to the Swapin app.
Here is everything you need to know about BNB and BUSD support at Swapin.
Swapin Solutions Now Support Binance Coin (BNB) And Binance USD (BUSD)
Swapin solutions are designed to be as convenient as possible for cryptocurrency users, allowing them to seamlessly make payments in digital assets that instantly convert into fiat currencies.
All B2B and B2C products and services support the most popular cryptocurrencies, including BTC, ETH, USDT, USDC, and more. Starting immediately, this list now includes support for two more top crypto industry tokens: BNB and BUSD.
What You Need To Know
The Binance cryptocurrency exchange is the largest in the world, ranked by trading volume. Binance Coin (BNB) is the native token of the platform, providing users with trading discounts and other unique benefits. It is ranked in fifth place by market cap across all cryptocurrencies.
Binance USD (BUSD), a stablecoin created in partnership between Binance and Paxos, is ranked in sixth place by market cap. Together, the two assets represent more than $65 billion in crypto market share.
BNB And BUSD Support Is Available Now, Stay Tuned For What’s Next
To use BNB or BUSD when making transactions using InstaPay, simply select from the drop-down list of supported cryptocurrencies. Support for BNB and BUSD is another step Swapin is taking to ensure Swapin solutions are accessible to as many users as possible.
Be sure to follow Swapin on Facebook, Twitter, Telegram, or on LinkedIn. Click here for more information about Swapin or to join the Swapin team! Be sure to also check out the Swapin app and make your first deposit today to access the future of finance.
Swapin Research: FTX Fallout Explained And Why Swapin Solutions Are Safe For All
The crypto community has taken a tremendous blow, dealt by the collapse of the cryptocurrency exchange FTX and the widespread contagion it created. Mainstream media is declaring crypto to be dead, but this could not be further from the truth.
Here at Swapin, we have taken steps to lower fees during November in select Swapin services and make conditions slightly easier for crypto holders. But today, we want to go over the impact of the FTX fallout, dispel ongoing negativity in the crypto industry, and clear the air regarding the safety of Swapin services.
FTX Explained: Losses By The Numbers
The FTX collapse is the most significant negative event to hit the crypto market since the Mt. Gox hack and bankruptcy. FTX has filed for chapter 11 bankruptcy, and investors and creditors are potentially out billions. The Wall Street Journal reported that FTX frontman Sam Bankman-Fried allegedly used $10 billion worth of FTX customer assets through a backdoor to sister firm Alameda Research.
Court documents filed this month show that the company owes roughly $100 million to customers and $3 billion to 1 million different creditors. The two largest single claims are over $200 million each. The Ontario Teachers’ Pension Plan, Canada’s third-largest pension fund, invested a total of $95 million in FTX, for example.
According to the New York Times. FTX’s list of investors includes world-renowned firms such as Sequoia Capital, SoftBank, Lightspeed Venture Partners, Ribbit Capital, Temasek Holdings, BlackRock, and Thoma Bravo. FTX’s lawyer James Bromley, called it “one of the most abrupt and difficult company collapses in the history of corporate America.”
It has also prompted an $11 billion class-action lawsuit against Bankman-Fried and celebrities who promoted FTX. The A-list of celebrity names includes Shaq, Larry David, Steph Curry, Gisele Bundchen, and Tom Brady. Brady and Bundchen were angel investors who lost an estimated $45 million and $25 million value stake in the company as its valuation fell from $32 billion to zero nearly overnight.
Why Swapin Solutions Are Safe, Proven, And Trusted
The Swapin team is saddened by the impact the FTX-created contagion has had on the market, industry, and investors. We immediately took steps to soften the blow by reducing fees on Swapin services like InstaPay. Because this repeatedly happens from Mt. Gox to BitMEX to today with FTX, we also want to reassure the community as to why Swapin crypto payment solutions are the safest around.
Swapin is a licensed and regulated financial entity fully compliant with finance industry guidelines and standards. Most importantly, Swapin products and services typically connect a crypto wallet you control that instantly converts digital assets into GBP and EUR, meaning customer funds are never at risk. Just recently, Swapin added Web3 wallet integration for even more accessibility, security, control, and innovation.
Swapin has been in business since 2017 under the PiixPay brand. The company has never been involved in a hack, and our mission is to provide a safe and secure bridge between the cryptocurrency market and the traditional banking industry. By connecting directly with banks for instant crypto-to-fiat conversion, crypto users are only dealing with trusted, reliable financial institutions every step of the way.
Swapin solutions also reduce the impact situations like FTX have on businesses. Many businesses were burned by storing assets at or partnering with FTX. All Swapin B2B products, including SwapinCollect and SwapinCheckout, convert crypto to fiat and transfer it to a connected corporate IBAN account, so businesses never have to hold any crypto assets and aren’t exposed to any loss.
Swapin On The Past, Present, And Future Of Crypto
As an early Bitcoin miner from 2013, Swapin CEO Evald-Hannes Kree has survived several boom and bust cycles. Like many other industry innovators, we are confident that crypto will ultimately grow stronger due to these unfortunate events.
After the Mt. Gox bankruptcy and the BitMEX meltdown, some of the most substantial periods of growth have followed. Swapin believes this time will be no different, and the industry will grow to unprecedented new heights as it always has done so in the past.
Swapin looks forward to continuing to deliver new roadmap milestones and contributing to creating a safer, more accessible cryptocurrency community that is seamlessly intertwined with traditional finance.
Swapin Integrates Web3 Wallet Into Lineup Of Crypto-To-Fiat Solutions
Swapin crypto payment solutions are designed to make sending payments using cryptocurrencies that are instantly converted to fiat as convenient and accessible as possible. Swapin is excited to implement Web 3 wallet integration into the Swapin web application, making it more comfortable to send crypto using InstaPay.
Here is everything you need to know about the Swapin Web3 wallet integration and how to use it with select Swapin services.
Swapin Web3 Wallet Launches With Support For Top Brands, More Wallets On The Way
The Swapin Web3 wallet will launch with support for top Web3 wallet brands like MetaMask, Ledger, Trust, Rainbow, Crypto.com, Argent, and Exodus wallets. Additional support for other trusted cryptocurrency wallets and platforms is coming in the future. Coming support includes Coinbase Wallet, Binance, and Tron wallets.
Swapin users can connect securely to any of the above Web3 wallets they control to access select Swapin services. Web3 wallets let users crypto and DeFi users store and manage cryptocurrencies, NFTs, and much more.
How The New Feature Benefits InstaPay Users
Swapin users will enjoy the benefits of a faster payment process without sharing private keys. Web3 wallet integration allows the Swapin system to immediately recognize transactions and process the conversion from crypto to fiat.
There is less chance for users to potentially send crypto to the wrong address or via the incorrect blockchain, and users never have to leave the Swapin platform to send cryptocurrencies using InstaPay.
How To Use The New Swapin Connect Wallet With A Personal Account
Step 1
A new “Connect Wallet” button has been added to the website header, which users can access at any time to connect to the integrated Web3 wallet.
Step 2
Select the wallet you would like to use from the list that appears. At launch, choose from MetaMask, Ledger, Trust, Rainbow, Crypto.com, Argent, and Exodus wallets.
Step 3
Complete the necessary steps to establish the connection to a Web3 wallet you control. Note: The Swapin platform will only display cryptocurrencies and tokens supported by the platform. Connecting a wallet also means Swapin can request approval for transactions.
Step 4
When using the SwapinPay service, the option to complete transactions using a manual wallet or the connected Web3 wallet will become available.
NB! One Wallet can be connected at the same time, and there are also some restrictions on the browser level too. If you have installed 2 browser extensions (wallets), different wallets, then there can be only one primary wallet for the browser, and we can access only the primary wallet.
To disconnect a wallet please use the Swapin dashboard.
Try The New Web3 Wallet And Keep Up With Swapin Updates
The all-new Swapin web wallet highlights the company’s continued commitment to providing a convenient bridge between banks and digital assets. When using the Swapin Web3 wallet, cryptocurrencies sent are still instantly converted to GBP or EUR, then deposited into a connected bank account. Soon, support for additional Web3 wallets will be added, and Web3 wallet support will be added to other Swapin solutions, beginning with InstaBuy. You can also follow Swapin on Facebook, Twitter, Telegram, or LinkedIn.
Meet The Swapin Team: Marge Simo, Finance Specialist
Thus far, we’ve introduced top public-facing Swapin leadership teammates and integral technical team members, but we have yet to touch on the financial experts helping the company thrive.
In this latest blog post, as part of our Meet The Swapin Team series, we are going to provide a short biography about another key operational employee of the company: Marge Simo, Finance Specialist.
Marge Simo is Swapin’s primary Finance Specialist, responsible for updating the overarching business plan and model across all facets of the organization. Marge is also in charge of the company’s finances, including preparing financial reports monthly, quarterly, and annual.
Marge holds a position concurrently at the Estonian Marine Institute of the University of Tartu as a Senior Specialist for Project Funding, where she has found much success throughout her career.
How Marge Simo Got Started In The Finance Industry
The cryptocurrency industry is entirely new to Marge Simo, making it a “very intense challenge.” However, Simo is well-equipped for the role, given her prior work as the CFO for the Environmental Investment Center in Estonia.
Simo has worked in the finance industry for more than 20 years, with a master’s degree in Finance and Financial Management Services from the University of Tartu. She brings this extensive expertise to everything she works on at Swapin.
Stay Tuned To Swapin Updates And Learn More
The Swapin team continues to grow following a €1.88M funding round that attracted top industry talents, which we’ll continue to introduce as part of the Meet The Swapin Team blog series. In addition, swapin executives are working hard to establish significant partnerships, such as RE/MAX and E-Jewels.
Stay tuned to the Swapin blog for more updates on additional partnerships, as well as a closer look at additional Swapin team members in the weeks ahead. You can also follow Swapin on Facebook, Twitter, Telegram, or LinkedIn.
Be sure also to try Swapin and make your first deposit today and access the future of finance. Swapin is a pioneer in crypto-to-payment solutions, catering to both B2C and B2B segments with a wide range of proprietary products and services. Click here for more information about Swapin or to join the Swapin team!
Swapin Web Summit 2022 Preview: Learn What Is Planned For The November Conference
Since the successful rebranding of Swapin, momentum has been building. Meaningful partnerships have been established, and significant roadmap milestones have been met. We’ve also introduced several members of the Swapin team.
As we seek to spread the word about how Swapin crypto payment solutions bridge the gap between digital assets and traditional finance, we are excited to share that the Swapin team will be attending the sold-out Web Summit 2022 conference in Lisbon, Portugal starting November 1st to 4th.
Swapin Team To Discuss Product Lineup At Conference
Key Swapin executives will be live discussing Swapin products and services at the event that attracts more than 70,000 attendees from over 160 countries. Other discussion topics include Web 3 and the future of crypto and blockchain.
You can find the Swapin team at booth #B222 in Pavilion Two of the Web Summit, on November 2nd. If you can’t make the Web Summit, you can also ask employees questions directly via your personal LinkedIn account. Swapin team members present at the Web Summit include:
Web Summit 2022 has been called the world’s premier tech conference and is one of the largest in Europe. This year’s conference will feature speakers like “CZ” Changpeng Zhao, CEO of Binance; Nik Storonsky, Founder & CEO at Revolut; Nicole Muniz, CEO at Yuga Labs; Geoff Ralston, President at Y Combinator; Devin Finzer, Co-Founder & CEO at OpenSea; and several other industry figures.
Follow Official Swapin Channels For More Updates
The Web Summit 2022 Lisbon, Portugal conference begins from November 1st to 4th. Stay tuned to the Swapin blog for more information as the Web Summit 2022 approaches. You can also follow Swapin on Facebook, Twitter, Telegram, or LinkedIn for up-to-the-minute updates from the conference.
Be sure to also try Swapin, make your first deposit today, and access the future of finance. Swapin is a pioneer in crypto-to-payment solutions, catering to both B2C and B2B segments with a wide range of proprietary products and services. Click here for more information about Swapin or to join the Swapin team!
Meet The Swapin Team: Joonas Honga, Chief Technical Officer (CTO)
With many Swapin team members’ introductions behind us, next, we are introducing a key executive crucial to the core development of Swapin products and services.
In this latest blog post, as part of our Meet The Swapin Team series, we are going to provide a short biography about another integral employee of the company: Chief Technical Officer (CTO) Joonas Honga.
Joonas Honga is in charge of leading all development teams across front and backend systems while modernizing core Swapin infrastructure to be more scalable. Honga is also a blockchain enthusiast with over 15 years of CTO experience in engineering and the custom development of complex software solutions in fintech and e-commerce with scalability.
Honga’s contributions have been instrumental in designing the Swapin front and back end, as well as working directly on the e-commerce widget, given his vast experience in the e-commerce industry.
His skill set includes proficiency in Linux/Cloud Computing, PHP, JS, SQL/NoSQL, Redis, CI/CD, and many other popular development frameworks.
Looking Back At The Career Of The Swapin CTO
Joonas Honga’s CTO experience reaches across Swapin and Chilli.ee – a leading Baltic e-commerce platform offering activities, travel, and everyday services. At Chilli.ee, Honga leads server system administration and architecture, building both the front and back end of the e-commerce platform.
Honga also served as CTO of Dreamcom Solutions, which built custom e-commerce websites for clients across various industries. Honga also created a CMS in PHP that is used on more than 500 different websites.
In addition, Honga has more than two decades of real-world development experience, creating custom CRM systems for clients in essential sectors like finance, logistics, and tourism.
Stay Tuned To Swapin Updates And Learn More
The Swapin team continues to grow following a €1.88 funding round that attracted top industry talents, which we’ll continue to introduce as part of the Meet The Swapin Team blog series. Swapin executives are working hard to establish significant partnerships, such as RE/MAX and E-Jewels.
Stay tuned to the Swapin blog for more updates on additional partnerships, as well as a closer look at additional Swapin team members in the weeks ahead. You can also follow Swapin on Facebook, Twitter, Telegram, or LinkedIn.
Be sure to also try Swapin, make your first deposit today, and access the future of finance. Swapin is a pioneer in crypto-to-payment solutions, catering to both B2C and B2B segments with a wide range of proprietary products and services. Click here for more information about Swapin or to join the Swapin team!
Meet The Swapin Team: Head of System Department, Märt Varatu
Swapin crypto payment solutions are beginning to take over the globe. Customers in both the consumer and business sectors are rapidly realizing the value and convenience of Swapin tools.
As we continue our Meet the Swapin team blog series, we are pleased to present the head of the Swapin System Department, Märt Varatu, who plays an integral part of the Swapin team.
How Märt Varatu Joined The Swapin Team
Märt Varatu graduated from Tallinn polytechnic school with a degree specializing in IT systems. After graduating, he worked for more than ten years at Metrotec, a telecommunications company that specializes in vehicle fleet monitoring and tracking. There, he served as a system administrator for the customer service solutions team.
Following his first decade in IT excellence, Märt moved to onuraiu.tv, a company specializing in producing travel documentaries for television. There, he served as both the cameraman and motion designer.
Märt started his work with Swapin in 2018, and since then he has become one of the most important Swapin team members. Märt Varatu works as the Head of the System Department, whose responsibilities include servicing and attracting customers, as well as system administration. He has many years of experience in product development and technical support.
It was also around 2018 when Märt joined Swapin that he became deeply fascinated by the blockchain industry, and has since become a passionate crypto enthusiast. “The combination of futuristic cryptocurrencies and the traditional world of finance needed a connection,” said Märt Varatu. “Swapin is the solution, and I am proud to take the lead in overseeing the System Department for the company,” he added.
Märt Varatu is truly a jack-of-all-trades, possessing a variety of valuable skills such as graphic design, video editing, system administration, IT, and much more. He is a crucial component of the customer success journey who focuses on user experience and retention.
Stay Tuned To Swapin Updates And Learn More
Recently, Swapin also announced it has raised €1.88 in investments, and it is thanks to the talented individuals and innovations going on behind the scenes, which we’ll continue to introduce as part of the Meet The Swapin Team blog series. Swapin executives are working hard to establish significant partnerships, such as working with RE/MAX and E-Jewels.
Stay tuned to the Swapin blog for more updates on additional partnerships, as well as a closer look at additional Swapin team members in the weeks ahead. You can also follow Swapin on Facebook, Twitter, Telegram, or LinkedIn.
Be sure to also try Swapin and make your first deposit today and access the future of finance. Swapin is a pioneer in crypto-to-payment solutions, catering to both B2C and B2B segments with a wide range of proprietary products and services. Click here for more information about Swapin or to join the Swapin team!
