Swipe forms a strategic partnership with Kava Labs to further grow the USDX DeFi Ecosystem and lists KAVA and USDX!
Swipe is thrilled to announce that it has formed a strategic partnership with Kava Labs to further grow the USDX DeFi Ecosystem as Swipe prepares to bring decentralized finance applications to the Binance Smart Chain. Swipe has also listed KAVA and USDX on the Swipe Wallet platform where users can buy and sell KAVA and USDX with a linked bank account or credit/debit card as well as enabled it to be converted and spent at over 60 million merchants worldwide with the Swipe Visa Card.
Currently, Kava has launched a lending platform that supports BNB as a collateral asset to provide BNB holders with the biggest yields in the market. BNB holders can stake BNB on Kava CDP platform and draw USDX, Kava’s stablecoin, as well as earning additional minting rewards in protocol. Bringing USDX into the Swipe ecosystem of products will further strengthen the global stablecoin for cross-compatibility between multiple chains. Swipe plans to add USDX as a preferred stablecoin on its product lines, including SwipeFi, a money market protocol coming to Binance Smart Chain.
Swipe CEO, Joselito Lizarondo, stated, “We are excited to work with Kava Labs to bring their innovative products into the Swipe product line. Being part of the Binance ecosystem, we know that this strategic partnership will continue to push innovative platforms in the market.”
Kava Labs CEO, Brian Kerr has this to say about the partnership, “Swipe is the final piece we needed to make Kava’s USDX the smartest place to put your money for modern investors. Now you can hold USDX stablecoins, enjoy a 4.5% APY and spend it freely anywhere with Swipe Visa Cards. Why would anyone want a bank account now?”
Swipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell, and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom, United States, Singapore, and Canada. The Swipe platform enables users to spend cryptocurrencies in real-time without having to convert the transactions prior manually. Users can also buy/sell cryptocurrencies with their linked bank accounts globally. For more information, visit www.swipe.io
Kava is a multi-asset DeFi platform that offers stablecoins, loans, and other financial services for users of major cryptocurrency assets including BTC, XRP, BNB and ATOM to name a few. The Kava platform has two types of tokens, the KAVA token and the USDX stablecoin where the KAVA token is the native token of the Kava blockchain integral in the security, governance, and mechanical functions of the platform. Users can collateralize their crypto assets in exchange for Kava’s stablecoin, USDX. USDX is the highest earning USD denominated account available for modern investors, offering superior yields without additional risk, compared to traditional alternatives like checking and savings accounts that only deliver miniscule returns.