Multi-asset crypto wallet platform Swipe announced the release of the all new “Swipe Product Manual,” which it said was its redefined white paper. In the official tweet, Swipe announced new products coming with the Swipe Product Manual, including Swipe Pay, Swipe Savings, Swipe Credit, Swipe Network Decentralized Applications (Governance, Swap, Staking, SwipeFi), new Card with incentives, etc.
Swipe is thrilled to announce the release of our #Swipe Product Manual which is Swipe’s all new redefined white paper with simplicity in mind.
Swipe Pay, Swipe Savings, Swipe Credit, Swipe Network DApps, new Cards with new perks, and morehttps://t.co/m13LM4Pysp
— Swipe (@SwipeWallet) August 11, 2020
In the official Medium post, Swipe said that the Swipe Product Manual was designed to provide a simple, easy, and logical description of the products of its ecosystem. It further added that unlike conventional white papers, the Swipe Product Manual is not bulky, and even an average user can grasp and understand it. The new white paper describes Swipe’s current and upcoming products with a detailed summary of each.
In the post, Swipe also announced a 5% cash back in Bitcoin via its card programs. This will include two benefits – a 100% rewards rebate, and a 10% rewards rebate, on services like Amazon Prime, Netflix, Spotify, Apple Music, Airbnb, Starbucks, Uber, Travala.com, and Hulu memberships.
The existing product line of Swipe, which includes Swipe Wallet, Swipe Card, and Swipe Issuing, will be extended with new products. The network also informed that the native token SXP will undergo an upgrade to the new version2 token contract on the Ethereum blockchain. This, Swipe said, will ensure that the protocol is completely decentralized by removing all admin keys, and establishing control via on-chain governance by utilising SXP.