FTX Aftermath: Crypto-To-Fiat Solution Swapin Cuts Fees By 65% To Support Crypto Community

cryptonews.com:

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

All across the cryptocurrency industry, users are struggling from the significant blow from the fallout related to FTX potentially becoming insolvent. Not only did the public implosion of the company create panic in the already fragile crypto market, but many users lost money to the platform for good. 

While there isn’t much anyone can do to help in such a situation, the crypto-to-fiat payment solution service Swapin has introduced dramatically lowered fees to help support the cryptocurrency community during this challenging time.

Swapin, a European-based crypto-to-fiat payment provider, offers a wide range of B2B and B2C services. Swapin tools enable cryptocurrency users to pay with cryptocurrencies for goods and services, yet businesses or other individuals on the receiving end get GBP or EUR deposited to a bank account.

The entire process is convenient, simple, and seamless, creating a bridge from digital assets to the traditional banking world that anyone can take advantage of. Since an aggressive expansion effort and a rebranding, Swapin has gained more users from across the crypto community and believes it is important to give back.

To help the crypto community during trying times, Swapin is offering all users 65% off fees when using InstaPay services. Regular commissions of 1.35% have been reduced to 0.5% on transactions valued at 30K euros and above, starting now through the end of November. Although Swapin fees are competitive and low, over the course of the month, 65% of can lead to significant savings.

The entire Swapin team, starting with the company’s founder, are cryptocurrency enthusiasts themselves. The company