TAP Global, a unified crypto banking app, has gone live after being granted a DLT license from the Gibraltar Financial Services Commission. Tap Global (TAP) has started to onboard consumer applications following the beta testing for the last 2 months.
The platform aims to position itself as the best solution by offering several features including easy on/off ramps from fiat to crypto with integrated fiat banking and one-touch exchange to crypto, BitGo cold wallets with a $100M cold storage insurance, the DLT license, access to multiple exchanges, and no FX charges on the prepaid TAP Mastercard.
The crypto banking app includes an aggregated crypto exchange (spanning several exchanges to deliver optimum prices), safe crypto storage through insured custodianship, a tap Mastercard payment card and all the normal alt-banking features. The app was made available on Google Play on 20th December and Apple App Store on 21st December, and was then listed on Bittrex Global on 23rd December. tap boasts an estimated 42m crypto wallet users and a monthly increase of 735k users per month from Q2 to Q3 2019.
Arsen Torosian, tap’s founder and CEO, said:
“Our plan was to release the tap token once we had a finished project, as a means of differentiating ourselves from other crypto projects. I believe the market is now showing an appreciation for that approach as we can see in the token price.”
David Carr Co-founder and COO of TAP commented:
“TAP have waited until rigorous testing had been completed before taking the decision to launch to the general public, we have a waiting list and all of those that have provided the relevant KYC will be approved in the coming days. This full launch is the culmination of years of work, the founders got together with an idea and after a long road of development and approvals we are finally ready to change the payments landscape”
The TAP accounts come with multiple crypto and fiat wallets and will have access to real-time crypto trading with numerous exchanges, all assets are held securely in multi signatory “cold storage” wallets or as segregated electronic money accounts with our e-money partner. Customers will be able to add a payment card (virtual and physical) to access funds in real time as well a named bank account in either GBP or EUR depending on the residency of the customer.
