Built on blockchain technology, the solution enables instant settlement and transparent fund flow, simplifying traditional cross-border payments. In light of these new developments, representatives from Swiftcrypt Exchange emphasised the importance of efficient payment systems for the global economy. The new solution aims to streamline international trade and cross-border transactions, reducing time and costs for users.
The payment system supports various mainstream cryptocurrencies and provides instant exchange capabilities for multiple fiat currencies. Users can manage cross-border payments and funds through Swiftcrypt Exchange's official website and mobile app.
Swiftcrypt Exchange has also initiated partnerships with international financial institutions to ensure compliance and security throughout the payment process. The system uses advanced encryption and distributed ledger technology to maintain the integrity and immutability of transaction data.
Swiftcrypt is a decentralised digital asset based on ethereum, with a limited total number of 500 million, issued by the Swiftcrypt Group. Swiftcrypt Group's blockchain-based issuance and management of points system can be used in multiple scenarios within Swiftcrypt and under the Swiftcrypt ecosystem.
Swiftcrypt is applied to various applications in Swiftcrypt Group's global business and global ecosystem and becomes an important hub for Swiftcrypt Group's ecosystem support. Holders receive ecological sub-pass rewards and benefit from a scarcity boost from Swiftcrypt's continuous buyback.
In June 2024, Swiftcrypt Exchange announced the launch of a comprehensive security upgrade plan to improvethe platform's security and user asset protection. This plan included the introduction of advanced multi-factor authentication systems, strengthened encryption technology, and extensive security monitoring measures to combat increasingly sophisticated cyber threats.
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