HypaSwap has set out to rival Bitcoin and Litecoin in enabling real-time and low-cost transactions and exchanges on the blockchain. Its primary goal is to establish a strong market position by enabling decentralized finance in every other corner of the world powered by its native coin $HYPA
Bitcoin has carved a niche for itself by providing an effective and reliable way of sending and receiving money on the internet. As is usually the case with the traditional banking sector, the flagship cryptocurrency has provided an alternative payment system that operates free of central control. Bitcoin can also be used to buy goods and pay for services.
Litecoin is another cryptocurrency that shares features with Bitcoin and also offers an alternative payment structure to what people are used to. It was created amid concerns that Bitcoin was becoming controlled. In addition, Litecoin was developed to address several Bitcoin shortcomings around slow transaction processing speeds and mining monopolies. In addition, it is built to enable everyday transactions.
While Bitcoin and Litecoin are mostly focused on enabling real-time, low-cost transactions, HypaSwap has set out to flex its muscle in the burgeoning decentralized finance providing a way for borrowers and lenders to do business at the lowest cost possible. In addition, it also strives to provide a platform whereby people can earn some passive income on the side by staking their tokens.
In addition, HypaSwap also allows users to participate in extra banking activities, including staking and collateral swapping. Members can stake their tokens to help bolster liquidity levels and, in return, earn returns on their investments and rewards for active involvement.
HypaSwap has positioned itself as the next big thing as decentralized finance slowly takes over the traditional financial sector. The project is already attracting strong interest in offering a platform where people can borrow at low costs and lenders lend their money risk-free with the promise of high interest.