Swipe and Kava Labs Alliances to enhance USDX DeFi Ecosystem

Swipe declared that it had collaborated with Kava Labs to grow the USDX DeFi Ecosystem further. It has listed KAVA and USDX on the Swipe Wallet platform.

By · Aug 14, 2020 . 6min read

Swipe partners with Kava Labs

Today, Swipe declared that it had joined hands with Kava Labs to grow the USDX DeFi Ecosystem further. Swipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell, and devour their cryptocurrencies. The Swipe platform allows users to spend cryptocurrencies in real-time. Thus, they do not need to convert the transactions manually. Kava is a multi-asset DeFi platform that offers stablecoins, loans, and other financial services for users of significant cryptocurrency assets, including BTC, BNB, XRP, and ATOM, to name a few. 

Swipe tweeted about its collaboration with Kava

Swipe Introduces KAVA and USDX

According to the announcement, Swipe has listed KAVA and USDX on the Swipe Wallet platform. Additionally, Swipe will interject USDX into its ecosystem of products, including SwipeFi. It will be employed as a favoured stablecoin across product lines. Therefore, users can buy and sell KAVA and USDX with a linked bank account or credit/debit card. 

Swipe CEO, Joselito Lizarondo, stated in a blog post that,

“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.”

Swipe currently announced that it is launching a $16,000,000 Ecosystem Rewards Program for BNB holders over 12 weeks. Additionally, this program plans to continue to promote the usage of Swipe products, including the Swipe Network Staking and Governance within a healthy community. 

Recently, Kava Labs collaborated with the BNB club – BNB48. According to the announcement, BNB48 will serve as a technical advisor for the Kava community. Accordingly, it will provide services like professional product reviews and technical consulting services for Kava’s Chinese validators, staking users, and lending platform users. Moreover, Kava labs will support BNB48, promote the BNB Staking and BNB DeFi ecosystem.

Summing it up, Swipe has converted into a vital component in the DeFi ecosystem. Introducing USDX and the KAVA token to the Swipe Wallet is a significant step towards expanding the community. Thus, users anticipate that the collaboration will bring a new aspect to the DeFi ecosystem. Nonetheless, users wait to witness the successful partnership between Swipe and Kava. 

Follow Cryptodose for more updates.

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