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:

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,, 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 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.

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 GBP Currency Support To B2C Solutions

When we announced the Swapin company roadmap for 2022 and 2023, we set our sights first on enabling support for GBP in addition to EUR. Other important forward-looking milestones from the roadmap include the debut of InstaBuy, new crypto asset support, and a virtual IBAN implementation. 

We are proud to reveal that GBP support is now live across all Swapin B2C products and services. 

The Swapin Guide To All-New GBP Support

Starting today, Swapin users can specify between receiving and sending EUR or GBP when using either InstaPay or InstaFill. GBP support will also be available for InstaBuy when the new tool for instant crypto purchase launches later this year. 

Selecting between EUR or GBP settlement will update the exchange rate calculation to reflect the chosen fiat currency. Each type of fiat currency is also noted in the Swapin account history. 

When using InstaPay, the receiver you specify can now receive GBP or EUR — depending on the situation or need. If you rely on InstaFill to top up an account with cash, you now have the choice between GBP and EUR. 

Stay Tuned To Swapin Updates And Learn More

Be sure to stay connected to the Swapin blog for more updates on upcoming Swapin roadmap milestones. You can also follow Swapin on Facebook, Twitter or on LinkedIn.

Check out the Swapin app and make your first move today to access the future of finance. Swapin is a pioneer in crypto-to-fiat 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!

The Benefits Of Swapin Affiliate Program For Business Partners

The Swapin brand is rapidly growing all across Europe and the globe, establishing significant partnerships with companies like RE/MAX, E-Jewels, and Aufort Gold, to name just a few. Businesses can dramatically increase revenue streams by tapping into the cryptocurrency audience using innovative B2B solutions.

But businesses can also benefit from Swapin another way: through the Swapin Affiliate Program. This article will explain all the key features of the program that are attractive to companies of all sizes.

What Is Swapin?

To start, Swapin is a trusted and regulated finance company focusing on crypto-to-fiat payments that are secure, legally compliant, and convenient for users of all kinds. Swapin has a wide range of B2C and B2B solutions and just introduced the first look at its InstaBuy crypto-purchasing tool.

The new InstaBuy tool is just one of the features that businesses can promote to take advantage of the Swapin Affiliate Program and earn extra revenue and income from any users referred to the platform.

Why Join The Swapin Affiliate Program?

Swapin offers businesses a way to drive stable earnings by introducing other companies and individuals to the Swapin platform and family of products and services. Up to a 25% revenue share is offered for some of the highest commissions in the industry.

The Affiliate Program is easy to get started! Become a partner by signing up with a Swapin business account and get an affiliate link to share. Invite users or drive click-throughs via websites, social media, YouTube videos, or elsewhere. If the user signs up, you earn a profit share from every transaction the invited user makes.

How Does Swapin Benefit Business Customers?

Swapin is easy to promote due to the extremely high demand for convenient crypto-to-fiat services. Swapin offers instant payouts and withdrawals of earnings in crypto or to a corporate IBAN account.

The Swapin Affiliate Program also provides business partners with five-star customer support and robust reporting to track performance and review metrics or payment history. Swapin solutions are ideal for advertising to e-commerce websites, crypto miners, NFT artists, DeFi farmers, real-estate developers, project foundations, luxury goods dealers, and more.

Get The Swapin Affiliate Program Today

To sign up for the Swapin Affiliate Program or to learn more, visit the official Swapin website. Be sure to also check out the Swapin app and familiarize yourself with the product lineup – the more you know, the more your revenue will grow as a result!

Swapin Solutions Explained: Your Guide To InstaFill

As we continue our new series of blog posts focusing on providing short guides on how to use various Swapin B2B and B2C solutions, we are next putting the spotlight on InstaFill. With greater education, we are confident that users across Europe and worldwide will recognize the convenience, quality, and benefit of Swapin’s products and services.

Please check out our InstaFill User Guide and see for yourself how easy the tool is to use.

What Is InstaFill? Instant Crypto-To-Fiat Conversion

InstaFill is an innovative solution that allows users to automatically transfer personal crypto assets instantly into euros which arrive at a connected bank account. Users must link a personal Swapin crypto account to a connected IBAN. Each time fiat currency is needed for whatever reason, simply make a deposit to your personal crypto account on Swapin and receive an instant fiat transfer to your bank account. It is that simple.

Swapin Instafill guide

Full guide to InstaFill. How To Use

To begin using InstaFill instant crypto-to-fiat solutions from Swapin, visit the Swapin app.

InstaFill connects a user’s crypto wallet address with their bank account.​ Every time the crypto wallet receives cryptocurrency, Swapin automatically converts it and sends EUR to the specified bank account. The InstaFill solution is also suitable for miners, NFT artists, or crypto companies that need to partially convert crypto revenue into fiat currency.

swapin instafill how to use

To take advantage of the instant convenience and convertibility from crypto-to-fiat offered by InstaFill, go to the website header and click InstaFill and then Create new.

Fill in all necessary fields:

  • InstaFill name
  • Select coin
  • Beneficiary’s name
  • Beneficiary’s IBAN
  • Beneficiary’s address
  • Click Continue

Swapin will connect the specified crypto account on the platform to the user’s related IBAN. As soon as funds hit the associated crypto account on the platform, the funds will be automatically converted into eures and transferred to the bank account. After that, each cryptocurrency address will be linked to a specific IBAN for recurring use.

swapin instafill send ccrypto

InstaFill isn’t just for consumers. Crypto businesses can also use InstaFill for petty cash or to send fiat to a bank account to pay for business-related transactions and needs.

Using InstaFill, users will receive the entered amount of euros regardless of crypto volatility. The process is instant and Swapin fixes exchange rates while the InstaFill order is processed. Swapin handles the crypto-related challenges for businesses and consumers alike.

Try The New App And Follow the Official Swapin Channels

InstaFill is only one of the many innovative solutions Swapin is bringing to the market for B2B and B2C users, solving some of the most critical challenges the crypto market faces and bridging the gap between crypto and the world of traditional finance. Check out InstaFill today using the Swapin app.

Please keep checking back here at the official Swapin blog for more details on exclusive Swapin B2B and B2C solutions, a closer look at the Swapin team, and more features as they are announced. 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 Solutions Explained: Your Guide To InstaPay & Predefined Payments

As Swapin grows and expands across Europe, we aim to not only market and promote our products and services to businesses and consumers but educate them on what they offer and the benefits they provide. We also want to make it abundantly clear that these tools are designed to be convenient and easy to use. 

To that effect, we have put together a series of blog posts providing a short guide on how to use various Swapin B2B and B2C solutions. Please take a look at our InstaPay and Predefined Payments User Guide.

What Are InstaPay & Predefined Payments?

InstaPay is an innovative crypto-to-fiat solution that helps anyone send cryptocurrencies, yet the recipient’s IBAN account receives euros in its place. With InstaPay, it is simple to send instant and easy transfers to friends and family or pay for purchases using digital assets. It allows anyone to pay for goods, services, or valuable items like jewelry, cars, real estate, and more.

Predefined Payments avoids wasting time filling in payment data that was previously entered in InstaPay by allowing users to take advantage of recurring InstaPay predefined payment templates. Users can utilize this convenient tool to pay monthly rent, loans, internet, and other common services. The recipient will never know that the origin of the funds was crypto assets, as the service instantly converts the chosen crypto into euros and deposits it into the recipient’s IBAN account.

swapin instapay guide

A detailed guide to InstaPay & Predefined Payments. How To Use

To begin using InstaPay and Predefined Payments solutions from Swapin, visit the Swapin app.

To make a transfer, go to the section labeled InstaPay located in the header of the site in the Overview section. Fill in all necessary fields:

  • New Payment (switching to Predefined Payments enables the use of recurring templates)
  • Beneficiary’s name
  • Beneficiary’s IBAN
  • Amount €
  • Payment description
  • Receiver address (Street, City, Country)

After filling in all the required fields, select the cryptocurrency intended to send and click Continue. In the next section, users can edit transaction details and double-check the wallet address is correct before sending. Any service vouchers can be applied at this time. Click Continue to process the order.

swapin instapay how to

To set up Predefined Payments, click InstaPay, Predefined Payments, then Create New to build a new template for recurring use. After making a transaction, users can also set reminders to alert the user when certain payments are due.

Fill in the template fields for recurring use:

  • Predefined Payment Name (Rent, for example)
  • Amount in €
  • Coin (Type of cryptocurrency)
  • Recipient’s name
  • IBAN Account
  • Receiver address (Street, City, Country)
  • Description

When finished, save the template for future use. You can also create additional templates for any type of recurring payment you want to make.

In the future, each time you need to send a payment via InstaPay, in the Predefined payments field, you can select one of your templates and send the transfer instantly without having to enter data again. 

InstaPay and Predefined Payments aren’t just for consumers. Crypto businesses can also use the Predefined Payments feature to pay salaries or fixed expenses, such as office rent, servers, internet, and other payments.

Using InstaPay or Predefined Payments, Swapin will fix the rate of the chosen cryptocurrency for up to 30 minutes. During this window, the user must transfer the appropriate amount of crypto to the provided address. Regardless of crypto volatility during that time, the amount of crypto required and the amount of euros the recipient will receive remains consistent. Swapin handles the crypto-related challenges for businesses and consumers alike.

Try The New App And Follow the Official Swapin Channels

InstaPay and Predefined Payments are only two of the many innovative solutions Swapin is bringing to the market for B2B and B2C users, solving some of the most critical challenges the crypto market faces and bridging the gap between crypto and the world of traditional finance. Check out InstaPay and Predefined Payments today using the Swapin app.

Please keep checking back here at the official Swapin blog for more details on exclusive Swapin B2B and B2C solutions, a closer look at the Swapin team, and more features as they are announced. 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!

Is It Legal? Swapin Crypto License And Regulations Explained

With cryptocurrencies becoming more popular for consumers and businesses alike, solutions like those provided by Swapin are breaking down barriers between crypto and traditional banking for the first time ever. But when it comes to business, ensuring legal and regulatory compliance is crucial to continued operation. This leaves many business owners and merchants wondering: is it legal?

In this blog post, we are examining Swapin’s license and discussing how the company adheres to strict regulatory guidelines to maintain the highest level of quality and compliance for its user. Here is more about why Swapin is among the most trusted brands in the crypto-to-fiat payments space today.

All About Swapin’s License, Legal Compliance, Regulations, And More

Swapin is a regulated European digital currency service provider operating under the license FVT000088 and is also a member of the Estonian Chamber of Commerce and Industry, Estonian Crypto Currency Association, and the Swiss Crypto Valley Association. According to our ambitious development roadmap, Swapin is heavily focused on offering secure and legally compliant solutions for the modern payment industry.

Simply put, Swapin and its crypto-to-fiat solutions designed for B2C and B2B segments alike are entirely legal, safe, and fully regulated. Swapin has been featured widely in the media in publications like Yahoo! Finance, Business Insider, and

Swapin has attracted partners from Kraken, StartupYard,, Veriff and LexisNexis. More recently, Swapin’s solutions attracted new partners who leverage B2B solutions like E-Com and SwapinCollect. The set of new partners includes real estate company RE/MAX, jewelry retailer E-Jewels, investment firm Aufort Gold and many others.

Another sign of confidence, was due to Swapin’’s recent successful funding round which raised €1.68M and attracted a variety of industry investors and executives across crypto, finance, IT, and more. The advisory board includes Dmitrij Pruglo, founder and CEO of Covesting; Marek Partel, founder and CEO of Estateguru; Toomas Romer, CTO & VP at BOLT; and Ian Kalla, CXO at Bankish.

Swapin’s Trusted And Reputable B2B And B2C Solutions

Swapin is a trusted, reputable, and regulated brand. But what does this mean for businesses and their customers? As a business, you can rest assured that all related crypto compliance and accounting are taken care of for you. Swapin’s solutions are designed to do away with volatility risk for merchants. This means that when you accept cryptocurrencies like Bitcoin and Ethereum – known for their constant volatility – you get the amount in euros you expected.

Customer-focused solutions like SwapinCollect lets businesses get paid in crypto, yet receive fiat in a connected bank account using a direct payment link for clients. The direct payment link will open in a new browser window where clients can fill in related payment information and pay with crypto. E-Com is an easily implementable e-commerce widget that allows companies to accept crypto from their online webstore. The widget works as a plug-and-play tool for e-commerce solutions like WooCommerce and more.

Other Swapin solutions include Instapay and Instafill, each allowing individuals to send crypto-to-fiat payments to friends or set up recurring bill payments for things like internet or gym memberships. Each tool is also fully compliant with regulatory guidelines. In the future, a new crypto purchasing tool called Instabuy will be released.

Swapin is also working on getting its Electronic Money Institution license and is near completion of the development of a virtual IBAN implementation. These will further allow Swapin to offer services that bridge the gap between the world of traditional finance and digital assets once and for all.

Follow Swapin Official Channels For More Updates

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, 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!

Check Out The Renewed & Revamped Swapin 2022-2023 Roadmap

The Swapin name (formerly PiixPay) isn’t the only thing that has been refreshed to better represent the results of a successful €1.68M funding round and a new team comprised of top industry talent – we are also proud to bring you a closer look at the ambitious new Swapin 2022-2023 company roadmap. 

Here are all the exciting updates, features, products, and improvements Swapin users can expect throughout the course of the year ahead and beyond.

Q2 2022

Swapin Application Refresh v1.0

The Swapin development team is preparing an updated app experience with a completely new design and user interface experience. Several improvements have been added based on listening to customer feedback, market research, and extensive behavioral data analysis.

Affiliate Partner Program Debut

We want Swapin to grow, and we want you to be part of it! The Swapin affiliate program will allow our users to easily share a link that refers new users and businesses to the platform. Each new user will generate referral income. Users will be offered promotions to share with others and attract new signups to Swapin.

Multi-Currency Support

Currently, Swapin solutions support crypto-to-fiat payments denominated in euros. When crypto payments are received, a corresponding bank account will immediately receive euros. In the future, support for British pounds will be added. The update will also contain the infrastructure to support different currencies in the future faster.

Instabuy Feature

In addition to the already available B2C products – InstaFill and InstaPay – Swapin will release the InstaBuy feature that allows users to purchase any of the major cryptocurrencies in just a couple of clicks. Crypto assets will be immediately transferred to a provided wallet like MetaMask. Card payments will also be added through a partnership with payment gateway company

Q3 2022

New Crypto Asset Support

For Swapin to become the bridge between crypto assets and traditional finance, many roads must lead to this bridge. By that, we mean we need to connect many assets, euros, and pounds on the fiat side and as many digital assets as possible on the crypto side of the equation. In Q3, Swapin will add several new altcoin cryptocurrency assets in addition to majors like BTC, ETH, LTC, etc.

Partner Widget Release 

The partner widget release will enable an on-ramp that allows clients with fiat to buy crypto, as well as an off-ramp solution for merchants and their clients to convert crypto profits from margin trading, NFTs, DeFi, Play-To-Earn, and more into cash. Debit card payments will also be accepted.

Merchant Portal

With Swapin’s B2B solutions growing rapidly, we will introduce an exclusive merchant portal for business owners or analysts to review transactions, manage customer data, and much more. Swapin’s goal is to allow businesses to access a full suite of crypto-to-fiat payment solutions on the same level as traditional finance.

Virtual IBAN

In Q3 2022, Swapin will introduce support for virtual IBAN accounts to truly bridge the gap between crypto payments and traditional finance on one platform. A virtual IBAN will allow clients to send money on their own behalf, and not on behalf of the company as it currently stands.

Q4 2022

Swift Payments

Swapin will – like many traditional, regulated financial entities – in the future, accept SWIFT payments. The Society for Worldwide Interbank Financial Telecommunication, or SWIFT for short, is a global payments system that connects banks to other banks across borders and helps to transmit transaction instructions to financial institutions worldwide.

Multilingual Mobile App (Google Play, Apple App Store)

An all-new multilingual mobile app will roll out later this year as a free download via the Google Play Store for Android devices and the Apple App Store for iOS devices. Swapin users will be able to access all of our innovative products and services from anywhere in the world, right from the palm of their hands.

Swapin Application Refresh v2.0

The main Swapin app will get yet another design update and refresh based on customer feedback, market demand, and internal company KPIs. Swapin developers are always hard at work on planning the next several phases of app updates. More improvements are slated for the future.

Updated E-Com Plugins For Major Platforms

Currently, E-Com, Swapin’s easy-to-integrate crypto-to-fiat payments widget, works as a plug-and-play setup compatible with several top e-commerce solutions like PrestaShop, WooCommerce, and others. In the future, this support will be expanded so that any business utilizing any platform can take advantage of Swapin payment solutions.

Q1 2023

Electronic Money Institution License

At the start of next year, Swapin expects to obtain an Electronic Money Institution license. An Electronic Money Institution license will allow Swapin to become a full-fledged payment service, mimicking many of the solutions major banks provide. Services include buying Bitcoin and exchanging it for EUR, for example, then making a transfer. It also opens the doors for things like wire transfers, bank cards, and other traditional products and services – further acting as a bridge into the world of crypto.

Check Swapin Official Channels For Roadmap Updates

Stay tuned to the Swapin blog for more details on when to expect these exciting roadmap updates to become available. 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!

When DEFI meets FIAT

An outlook on a very potent but challenging synergy.

It started with a simple story.

A Swiss Fintech group integrated AAVE protocol into their system. It looked like just regular news in a bull market. But there’s more to that – a very important trend is shaping.

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?

Reason 1. 

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.

Reason 2. 

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?

Factor 1. 

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.

Factor 2. 

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.

We made it easy.  

Piixpay Team