Luxembourg — October 24, 2023 — The People’s SCE, a decentrally governed organization (DGO) powering applications built upon the eCredits Blockchain, has unveiled an integration of a new payment method into its eCredits Wallet app. Developed by Swipelux, this widget empowers users to effortlessly purchase tokens using payment cards, including Visa and MasterCard.
The partnership of eCredits, a widely-used cryptocurrency among consumers and merchants, and Swipelux, will provide users with an additional option to purchase eCredits. The transition from traditional online experiences (Web2) to the world of blockchain (Web3) can be daunting, filled with technical and regulatory intricacies. With Swipelux as a payment option, The People’s SCE aims to simplify this transition and eliminate barriers, offering a swift, secure, and flexible payment solution to end-users.
The newly integrated payment option adheres to all regulatory standards. Swipelux holds a Virtual Asset Provider license and demonstrates strong compliance with Anti-Money Laundering (AML), Know Your Customer (KYC), licensing, and banking regulations. This payment option complements the existing method provided by Simplex and is fully operational as of October 19, 2023.
About eCredits and The People’s SCE
eCredits is a decentralized, blockchain-based ecosystem empowering local businesses and democratizing finance. Designed to be “the people’s currency for daily use”, eCredits enables users, Consumers and Merchants, to make and accept everyday purchases with the ecosystem’s native cryptocurrency, eCredits (ECS).
The People’s SCE is a decentrally governed organization (DGO) that powers applications built upon the eCredits Blockchain. The People’s SCE empowers SMEs and consumers to partake in decision-making and shape its future. The governance of The People’s SCE is fully decentralized and operates on the credo “one member, one vote”, making it a fully democratic organization, owned and run by its members.
Swipelux is a fiat-to-crypto payment gateway widget, that enables end-users to buy crypto using their credit/debit card. Swipelux is B2B focused solution, with the ability to integrate its fast, safe, and flexible widget into all kinds of Crypto exchanges, wallets, Defi, and NFT marketplaces.
Swipelux is presented in 40+ countries in Europe and Asia and is trusted by leading projects to accept payments and defeat fraud on their behalf.