Digital gifting platform Swych has announced it will be utilizing Blockchain tech in its service. According to a statement, users can now send zero-fee, cross-border gifts regardless of fiat currency.
The new Blockchain-powered gifting platform is developed on the Stellar Network. Swych customers can now either send, redeem, or even exchange digital gift cards all over the world without having to worry about transaction speed, security, and flexibility.
In the press release, Deepak Jain, the founder and CEO of Swych, states:
“Working with Stellar and bringing the inherent advantages of the distributed ledger technology to the forefront, we intend to provide an example to the entire community of how blockchain can be used to solve a real-world problem that pretty much any consumer can identify with.”
The Swych CEO further says:
“Sending a digital gift to another consumer that can be instantly redeemed and spent for merchandise, travel, dining, entertainment or other popular categories without jumping through the hassles of bank accounts, plastic cards, cash withdrawals or foreign exchange fees is the perfect example of how to use technology to simplify consumers’ lives.”