PiixPay is rebranding as SWAPIN, but is retaining all its existing services under the new name! This is our very first step towards becoming an industry standard setter by upgrading our product to the highest level. We welcome you to join us on our great journey at www.swapin.com.
Don’t worry, all of our existing products like InstaPay, InstaFill, and CoinCollector have been transferred and are available on the new website.
Research: What Can You Buy With Bitcoin Using Swapin Solutions?
What can you buy with Bitcoin using Swapin 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, InstaPay 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:
Click the “Connect Wallet” button that has been added to the Swapin website to connect to the integrated Web3 wallet.
Choose MetaMask from the list that includes Ledger, Trust, Rainbow, Crypto.com, Argent, and Exodus wallets.
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.
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 CoinCollector and the E-Com widget, and B2C tools like InstaPay and InstaFill. 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 InstaPay and InstaFill, and B2B products like CoinCollector and the E-Com widget. The most popular cryptocurrencies are supported, and the list of assets is constantly growing.
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 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 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 Coin Collector and the E-Com widget, 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 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 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!
Swapin Adds Support For DAI Stablecoin, Expands List Of Cryptocurrencies
As part of the Swapin roadmap for 2022 and 2023, the company has sought to expand the list of digital assets we support for instant conversion into fiat.
We are proud to announce support for yet another new crypto asset, the DAI stablecoin.
Here is what you need to know about DAI support in Swapin solutions.
Swapin Adds Support For DAI Stablecoin To All B2B & B2C Solutions
Swapin currently supports a growing list of more than ten of the most popular digital assets in the crypto industry today. Beginning immediately, DAI will be added to the list of supported cryptocurrencies.
When using Swapin B2B and B2C solutions, be sure to view the list of supported crypto assets and select DAI from the list to convert DAI into fiat currencies like EUR and GBP.
Fiat currencies are then instantly transferred to a connected bank account like all Swapin crypto-to-fiat solutions.
What Is DAI, And What Are Stablecoins?
DAI is an algorithmic stablecoin on the Ethereum blockchain developed by the Maker Foundation. The DAI stablecoin seeks to maintain a value in parity with the United States dollar by leveraging smart contracts.
DAI joins other top stablecoins like Tether, USD Coin, and Service Coin, in addition to cryptocurrencies like Bitcoin, Ethereum, and more.
Swapin recently added GBP support on the fiat conversion side of our services. Other important forward-looking milestones from the roadmap include the debut of InstaBuy and a virtual IBAN implementation. We will also add support for additional cryptocurrencies.
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! Be sure to also check out the Swapin app and make your first deposit today to access the future of finance.
New Swapin App Released, Enhanced Convenience For Corporate Clients
When Swapin revealed its updated development roadmap several weeks ago, among the many milestones we have planned in the months ahead, we anticipated releasing an application update before the end of Q2.
We are proud to reveal that the new app update is now live, improving the entire user experience and interface as a whole, with an added focus on enhancing the convenience for corporate and business clients during onboarding.
New App Design Now Live, Redesigned User Interface
The Swapin app has received a visual redesign to better align with the recent rebranding from Piixpay to Swapin and to best reflect our ambitious company roadmap. The user interface and experience have been thoroughly upgraded for increased usability and simplicity. Great care has gone into making the experience smoother for all users.
The Swapin app is the gateway to our lineup of innovative B2B and B2C services, making it a critical focus of our development teams. Further app updates and improvements are planned for the future.
B2B solutions include the E-Com e-commerce widget and CoinCollector – a tool that allows invoice-based businesses to issue a payment link with payment information pre-filled for ease of use. Connecting to the crypto audience is proven lucrative for luxury brands or companies dealing with high-price assets like real estate, cars, or gold.
B2C solutions include InstaPay and InstaFill, enabling users to make recurring, predefined payments, pay bills, rent, utilities, and more, or send one-off payments to landlords or service providers. Such services can also be used to pay employee salaries or daily corporate expenses.
Improved Business Onboarding Process Benefits Corporate Clients
Prior to the latest app update, opening a business account with Swapin required an active email exchange with an account representative, causing unnecessary delays and back and forth conversations. The new Swapin app now features an easy-to-use online form for opening business accounts, making the onboarding process quick and straightforward.
At the convenience of the business, users can access an online form and complete the required AML/KYC process and any associated account verification steps. After the account is verified and the onboarding process is completed, business users can instantly take advantage of Swapin B2B and B2C crypto-to-fiat payment tools.
Businesses benefit from avoiding the overhead and risk related to accepting cryptocurrencies. Volatility, compliance, and more are all handled safely by licensed Swapin tools. Any crypto payments made using the B2B solutions offered by Swapin are immediately converted to EUR and transferred to a connected IBAN account.
Current Swapin business partners include real estate company RE/MAX, investment firm Aufort Gold, luxury diamond retailer E-Jewels, and many more. Visit Swapin.com to learn more how Swapin B2B and B2C solutions can benefit your business.
Try The New App And Follow Official Swapin Channels
The new Swapin app is now live on the official website. Both individuals and businesses are invited to check it out. We hope business and corporate clients find the new online form system valuable and convenient.
Stick with the official Swapin blog for more details on exclusive Swapin B2B and B2C solutions, as well as announcements of any new partnerships in the future. You can also follow Swapin on Facebook, Twitter, Instagram, or on 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!
When DEFI meets FIAT
An outlook on a very potent but challenging synergy.
We are entering the time when institutions are bold enough to play with DEFI. And this is just the beginning.
So Why DEFI and FIAT, what’s the deal anyway?
Many use decentralized finance (DEFI) protocols. Their building blocks are stable coins. In essence, it’s the last bit that crypto needed – as soon as you have stable coins to be traded against volatile assets the loop closes. The best part of it – you don’t need FIAT. You are part of one whole ecosystem. And the journey continues. You enter with DAI, you get ETH, you collateralize ETH and get a loan in USDC and place it YFI finance to earn more yield.
The money legos game can go on forever.
So why do we need FIAT when you have so many Crypto Dollars anyway working frictionless with other Crypto assets?
It’s not going to be like that forever.
The Crypto Dollar in essence has its own laws that work well. However, stable coins have to find a way to comply with regulations. Even the no-real-dollar-asset-backed coins like DAI cannot avoid that. Ironically, the coins which are backed by USD in bank accounts have a bigger chance to succeed. This is the fact that accountability is much easier. And in the same time if they fail to be transparent they end up in a very difficult situation with authorities i.e. Tether.
FIAT is not going away (yet).
We all like the idea of an economy run on Blockchain but the reality neither Crypto is going way, nor the Dollar. As users and entrepreneurs, we have to find a common ground and unite these economies. It sounds crazy, isn’t it?
Imagine where you can use your assets in Compound as collateral for your mortgage. This concept is hard to process due to the fact of so much bureaucracy and real assets that need to “move” but it has to be a milestone that Blockchain has to solve. (btw…there something cooking in that direction).
And yes, there’s going to be Dollar printing – Biden administration is not afraid of the big inflation ahead. But still, there are many economies that still peg and trust the Dollar. That’s the reality.
This leads to the next point:
How DEFI will meet FIAT and WHY?
Banks change due to user pressure (you’re thinking that’s unlikely but if customers move en masse, Banks will follow).
If 30% of customer calls in your banks is about Cryptocurrencies, then you’ll probably need a change.
But, we know – Banks don’t change – right? Thus, the truth is that they will turn into fintech companies, many will fail, others will innovate. Either way, they will be forced to work with Crypto and eventually open the gates to DEFI. This leads us to the next point.
DEFI has to embrace some regulatory framework i.e. the Degen’s nightmare. We know it sounds even crazier but a little of bit rules will actually create a much healthier environment.
A bit of accountability and KYC is actually good for the industry. How many rugpools and hacks we had?
Permissionless and anonymity are good – however we are putting too much risks in the user basket creating a steep adoption curve.
Give the power to users and full responsibility? That’s good, but we as developers/entrepreneurs are obliged to create standards of safety. And this is very important for DEFI to prosper.
If those two factors are in place we can talk about a real merging between FIAT and DEFI.
Leap in the future.
No doubt, DEFI can take and disrupt the old legacy systems. Can we live without banks? Probably.
Do we need Fintech companies? Yes.
In an ideal world, the end-user is not going to feel either he/she uses decentralized or centralized solutions.
The question is – can we bring good practices in DEFI like governance, voting power and apply it to the real economy? Legislators have to understand that. Customers too. After all, open finance is what we want. To pay bills with Crypto. To load their Sushi swap via an ATM. Incredible? it’s a matter of perspective.
Meanwhile if interested to try how to pay your bills with Crypto try Piixpay.
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