Greetings and welcome to our June Product Updates! We are excited to share with you the latest developments and enhancements we have made to our products. We will cover a range of topics, including a new product announcement, updates to our existing products, real-life examples of Swipelux products in action, and our vision for the future of Web3 in 2025. We are constantly working to make Swipelux the best Fiat Onramp and enable end-users to buy crypto or NFTs with credit/debit cards. Let’s dive in and explore the exciting updates and innovations that Swipelux has to offer.

New Product Announcement: Zero ID

At Swipelux, we are building something really exciting called Zero ID. With Zero ID, we want to make the Web3 KYC process much easier for users. When a user completes the KYC verification, they receive a special on-chain kyc or digital identity token called the Soulbound Token (SBT) on their wallet address. So, the next time they need to do KYC on any other crypto platform, they don’t have to go through the whole process again. They can simply use their Zero ID (SBT) to prove their identity quickly and securely.

How does ZeroID work?

1. KYC Verification: Users complete a verification process where we collect important information about them, like their age and ID details. The information is stored on the server safely and securely.
2. Token Issuance: After the verification, we give users a special token. This token allows them to share specific information with certain apps.
3. Permission Grant: Users decide what information they want to share, like their age, and with which apps they want to share it.
4. Data Sharing: (a) If a proof level was chosen earlier the zero-knowledge proof is generated for some sensitive fact, that can be only verified with the credentials received after KYC

-For instance, after KYC we saved an information about user’s age

-User allowed some dApp to retrieve the above-18 proof from our system

-Stored verified credentials and onchain Identity Tree are being used then to generate the zero-knowledge proof literally stating “this user is over 18” and sent to dApp

(b) As for verified credentials flow the steps will be the same, just the actual data not the proof is being sent to dApp

      5. Zero-Knowledge Verification: The generated proof can be checked on the blockchain to make sure it’s valid, but without revealing any personal details. It’s like proving something without showing all the details to everyone.

Usecase of ZeroID

1. Proving age eligibility of dApp: ZeroID allows users to securely prove their age eligibility for accessing age-restricted dApps without revealing their actual age or personal information. This privacy-enhancing feature ensures smooth access to age-restricted services while protecting user data.
2. Proving one is not in PEP registry: ZeroID’s advanced verification system enables users to demonstrate that they are not listed in any Politically Exposed Persons (PEP) registry, ensuring transparency and trustworthiness in transactions. By eliminating potential risks associated with PEP individuals, ZeroID fosters a safer and compliant environment for all users.
3. Proving if the country fits legal policy of a dApp: ZeroID empowers users to verify their eligibility to access dApps based on their country’s legal policies. This capability ensures that users comply with relevant regulations, facilitating seamless and secure interactions with decentralized applications across different jurisdictions. By providing this verification, ZeroID contributes to a more compliant and frictionless user experience.
4. Universal Digital KYC — ZeroID provides a seamless KYC experience by issuing the Soulbound Token (SBT) to verified users. This unique digital identity token eliminates the need to repeat the KYC process on different crypto platforms, ensuring a quick and secure identity verification for future interactions.
5. DAOs with Badges — ZeroID enables Decentralized Autonomous Organizations (DAOs) to implement badges or verifiable credentials for their members. These badges act as proof of membership or qualifications within the DAO, enhancing trust and accountability among community members.
6. Know Your Social (KYS) — ZeroID extends its capabilities beyond traditional KYC and introduces the concept of Know Your Social (KYS). Users can share verified social credentials, such as follower count or reputation scores, to build trust within social networks and communities.

At Swipelux, we’re not just about building new products, but we’re also obsessed with making our current offerings top-notch to allow end-users to buy crypto or NFTs with credit/debit cards. That’s why we’re super excited to announce some thrilling updates in our documentation, Widget, and Custom KYC features! Let’s dive right in and explore these exciting product updates and how they’re going to benefit you!

Documentation

We understand the importance of clear and comprehensive documentation for our partners. That’s why we’ve made several improvements to our documentation to make it even better.

1. Improved Treasury documentation: We’ve updated our Treasury documentation to provide more detailed instructions and explanations. You’ll find all the information you need to list your token via your treasury.
2. Integration Documentation for 0x Tokens (BSC, ETH, POLYGON): We’ve created a step-by-step guide on how to integrate your token with Swipelux if it is on the 0x network. This documentation will walk you through the process and ensure a smooth integration experience.
3. Upgraded shared token documentation: We’ve enhanced our shared token documentation to provide more in-depth explanations and examples. Whether you’re a developer or a user, this documentation will help you understand how shared tokens work and how to leverage them effectively.

Widget

Our widget has undergone some exciting updates to enhance your payment experience.

1. Redesigned payment checkout flow: With our enhanced host-to-host integration, we can now redesign the payment checkout flow, making it more user-friendly and streamlined.
2. Enhanced security checks: To improve the protection of your transactions, we’ve introduced additional measures to ensure enhanced security.
3. Adaptive version of the widget: We understand the importance of a responsive design, especially in today’s mobile-centric world. That’s why we’ve made our widget adaptable to different screen widths, making it more user-friendly and accessible on various devices, particularly mobile devices.

Custom KYC

We’ve made significant improvements to our Custom KYC feature to enhance its functionality and usability.

1. Fixed bugs in Custom KYC UI: We’ve addressed several bugs in the Custom KYC user interface, resulting in a smoother and more efficient user experience. These fixes have increased the approval rate by 7%, ensuring that your KYC processes are streamlined and hassle-free.
2. Increased file upload limit: We understand that sometimes you need to upload larger files for KYC purposes. That’s why we’ve increased the file upload limit by 100% from less than 10mb to 20mb. This enhancement allows you to upload larger files without any restrictions, making the KYC process more convenient for you.
3. Expanded availability of countries for all KYC levels: Our Custom KYC feature now includes all supported countries for all KYC levels. This makes onboarding smoother and quicker, ensuring compliance and security for your personal information.

Real-life Examples of Swipelux Products!

Vision of Web3 in 2025 and Swipelux’s Contribution

Swipelux is committed to shaping the future of Web3 by providing the best Web3 Payment Infrastructure and enabling end-users to buy crypto or NFTs with credit/debit cards. As the digital identity landscape evolves, we recognize the need for secure and seamless onboarding processes. Here’s how we’re helping to shape the web3 future:

1. MiCA 2025 impact: The Markets in Crypto Assets regulation (MiCA Regulation) will require all crypto platforms, including Decentralized Exchanges (DEXs), NFT Marketplaces, and DeFi Platforms, to verify the identity of their customers (KYC). This means that the world of KYC as we know it will change, creating a high demand for crypto KYC providers. However, the existing infrastructure might not be enough to handle this surge in demand. At Swipelux, we have a solution for this: Zero ID. By leveraging Zero ID, we aim to provide a secure and efficient Web3 KYC process that meets regulatory requirements and ensures compliance.
2. One Step Wallet: We understand that creating a wallet can be a complex task, especially for newcomers to the Web3 space. That’s why we’ve developed One Step Wallet, a product that enables us to create new wallets for users who don’t have them yet. By simplifying the wallet creation process, we aim to make onboarding smoother and stress-free.

We’re dedicated to helping users onboard into Web3 platforms with ease. By providing innovative solutions like the best Fiat Onramp, Token Checkout, NFT Checkout, One Step Wallet, and ZeroID, we aim to make the onboarding process smoother and more efficient. As the Web3 landscape continues to evolve, we will continue to innovate and provide cutting-edge offerings to meet the needs of our partners.

That’s it for June! Stay tuned for more exciting updates from Swipelux. As always, we are dedicated to offering you the best Web3 onboarding solution. Until next time, keep building!

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