Following the app release, an in-principle DLT approval by the Gibraltar Financial Services Commission and an acceptance onto the STP network, tap’s token (XTP) is to become available on the Bittrex platform
tap is a one-stop-shop crypto app that includes an aggregated crypto exchange (spanning several exchanges to deliver optimum prices), safe crypto storage through insured custodianship, a payment card and all the normal alt-banking features that help tap fulfil its aim to be a truly unified crypto banking solution.
The listing on Bittrex is part of a co-ordinated mass roll out of the Tap project. As part of this roll out, Tap released an MTO on the STP network on 19th December, the app was made available on Google Play on 20th December and iStore on 22nd December, will list on Bittrex on 23rd December and expects to complete the in-principle approval requirements and move for a full DLT authorisation by early 2020.
With an estimated 42m crypto wallet users with a monthly increase of 735k users per month from Q2 to Q3 2019* the potential market for a unified and trusted crypto banking solution is huge. Tap aims to position itself as the best solution by offering several features that offer both convenience and peace of mind. These features include easy on/off ramps from fiat to crypto with integrated fiat banking and one touch exchange to crypto, safe storage through our partnership with BitGo who provide the cold wallets with a $100M cold storage insurance and with a DLT in-principal approval by the Gibraltar Financial Services Commission , multiple exchanges allowing tap to always deliver competitive prices and no FX charges on the TAP payments card allowing global travel without customary punitive banking charges. Once tap receives a full DLT authorisation by the Gibraltar Financial Services Commission, tap is well positioned to become the only regulated unified crypto banking solution offering with multiple exchanges in one app.
Arsen, the founder of tap, said: “From the beginning we always wanted to separate ourselves from other crypto projects by combining the listing of the token with a ready to go product. We chose Bittrex as the exchange to list our token as we have always seen them as genuine exchange and trusted with real crypto adopters as customers”