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How can I get GBX into my Swifin Account?
You can receive GBX in three ways; You can receive payments in GBX from other Swifin users by way of a peer to peer transfer subject to GBX transaction fees. GBX is the GBP based digital asset on the Swifin Platform. The value of GBX will move relative to other digital assets in the same way as the GBP subject to any application buy/sell spread. You can convert AKL, EUX and USX to GBX (and GBX to AKL, EUX and USX) at any time. 2.1 To do this online (https://platform.swifin.com/login),
What is the Swifin Platform?
The Swifin Platform is a distributed multi-tenant core banking platform as a services. The Platform is used by Central Banks and other regulated financial institutions, Government and civil society organisations, Businesses and individuals. It is a one stop solution that brings together various stakeholders globally to drive financial inclusion to foster full participation in the real economy by all. The swifin exchange uses two types of digital currencies. The Swifin digital currency -
Understanding the value of GBX
GBX is the integrated digital currency used in the Swifin Exchange to enable fast international payments. GBX is very stable and linked or pegged to GBP and will therefore fluctuate in value when compared to other currencies in a way that is similar or identical to GBP. GBX offers additional benefits when compared to the digital form of GBP in that it is more divisible and can be circulated in much smaller amounts. All users with a Swifin Account automatically have access to GBX. S
How can I get USX into my Swifin Account?
You can receive USX in two ways; You can receive payments in USX from other Swifin users by way of a peer to peer transfer subject to USX transaction fees. USX is the USD based digital asset on the swifin exchange. The value of USX will move relative to other digital assets in the same way as the USD subject to any application buy/sell spread. You can convert GBX to USX (and USX to GBX) at any time. 2.1 To do this online (https://platform.swifin.com/login), you will need to click on **
Give me more information on digital currency?
This is some useful information about digital currencies. A digital currency is a type of currency available in electronic form compared to other forms such as the physical form in banknotes and coins. In many cases, if the digital currency is also available in physical form, then it may exhibit identical or similar properties to the physical form of the currency such as value and the rate at which it may be exchanged for other currencies or for goods and services. The digital form
How can I get EUX into my Swifin Account?
You can receive EUX in two ways; You can receive payments in EUX from other Swifin users by way of a peer to peer transfer subject to EUX transaction fees. EUX is the EUR based digital asset on the swifin exchange. The value of EUX will move relative to other digital assets in the same way as the EUR subject to any application buy/sell spread. You can convert GBX to EUX (and USX to GBX) at any time. 2.1 To do this online (https://platform.swifin.com/login), you will need to click on *
Why are AKL transactions FREE of charge?
All transactions on the Swifin Platform are subject to transaction processing costs. In order to continue to provide the service in a sustainable way these costs have to be met. There are a number ways that these costs can be covered The Payer pays a transaction fee. This is generally the case on the Swifin Platform unless otherwise arranged. An independent party committed to supporting financial inclusion may offer to cover certain agreed transaction fees in part or in full. If you are
What is a digital currency?
A digital currency is a type of currency available in digital form compared to other forms such as the physical banknotes and coins. Whether the digital currency is centrally issued and controlled or whether it is based on a decentralised system could mean it is a fiat currency or a cryptocurrency. A digital currency may be independent of any other currency or could be linked to or identical to or pegged to another currency or even a combination or basket of other currencies.
Why use a digital currency?
These are some beneficial attributes of a digital currency The digital form of currency offers a number of advantages such as; Cost-effective to circulate as there is no need to print or mint, securely store, circulate or transport securely for example. Digital currency is more convenient for making exact payments for the value of goods and services as there is no need to give change which is a major challenge with banknotes and coins produced in specific value denominations. Digi