Best Alternative to Following EU and UK Wirecard Suspension

UTC by Alan Knight · 5 min read
Best Alternative to Following EU and UK Wirecard Suspension
Photo: Coinspeaker

Tap Global is authorized and regulated by the Gibraltar Financial Services Commission and insured up to €100 million USD by Lloyd’s of London.

Do you want to see a magic trick? Want to see $2.1 billion dollars disappear? Okay, search Google for EU Wirecard suspension.

An article for Forbes pops up:

“Wirecard filed for insolvency after it emerged that almost €2bn of cash on the company’s books didn’t actually exist.”

The article continues to point out: “millions of customers are beginning to wonder: is the money in my account safe? The worrying news is that not even the financial authorities seem certain that it is.”

If you want to avoid that type of nightmare then it’s time to find the best alternative.

There is anecdotal evidence that fiat deposits in the UK are currently not working in the app. And it has been this way since the Wirecard debacle.

Find Verified Alternative

The Wirecard magic trick of evaporating over two billion dollars of customers’ funds has been traced to shady accounting and a lack of verification. Likewise, if someone were using a prepaid card they should have verified that the provider was not but rather the third party known as Wirecard.

If you want to be sure your funds are secure, verify that they are. One alternative which is verified that springs to mind is the Tap Global prepaid Mastercard.

Tap Global is authorized and regulated by the Gibraltar Financial Services Commission and insured up to €100 million USD by Lloyd’s of London.

Furthermore, Mastercards Accelerate program, which is led by Raj Dhamodharan, executive vice president of digital asset and blockchain products and partnerships at Mastercard. He put pen to paper and said:

“The cryptocurrency market continues to mature, and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy.”

These types of trustworthy relationships are one of the reasons why Tap Global solidified a partnership with Hay to provide AUD cards to Australian crypto holders.

Tap Global is verified.

Find a Card to Fit Your Lifestyle

You’ve found a card that is verified. Tap Global is not only insured, partnered, and holds user funds in secure, multi-signature, cold storage facilities – it’s also a breeze to use.

Verification should always be first. Now that we have that with Tap Global, we can examine the second most important factor: lifestyle fit.

You’re looking for an alternative that allows you to spend your cryptocurrencies.

Tap Global fits hand in glove, especially if you are:

  • New to crypto

If you don’t own any cryptocurrencies, you can fund your account with a bank transfer or debit card. Spend from there or, if you feel like investing in BTC or ETH or another cryptocurrency, you can instantly buy for some of the lowest fees in the industry of 0.5% to 1.5% – which is completed instantly.

  • Crypto expert

Tap Global lets you convert your crypto into four fiat currencies used in the majority of economies in the world: USD, Euro, Pound Sterling, and soon AUD.

Here’s a perk: the Tap Global API finds the best conversion price offered by 100’s of global order books. This happens in real-time.

After conversion, you can use Tap’s contactless payments or Tap App to spend freely.

  • Globe Trotter

If you’re on business or vacation often (and that’ll likely be the case soon enough as more countries open), Tap lets you convert Fiat or Cryptocurrency into the currency you need at your new destination.

Best part?

Fiat conversions are free up to £1000 per month. No additional charges or unfavorable FX rates while traveling.

Find the Right Tap Global Card for You

Not only does the verified Tap Global card fit various lifestyles, it also offers three different levels as well.

TAP Standard

  • Contactless TAP Prepaid MasterCard
  • £1000 Fiat FX exchange per month and 0.5% after
  • £500 free ATM withdrawals per month and 2% after
  • Between 0.5 and 1.5% Crypto exchange fees with a 25% discount if fees paid with TAP

TAP Black

  • Contactless TAP Prepaid MasterCard
  • £300 free Fiat exchange per month with 0.5% after
  • £300 free Fiat FX exchange per month with 0.5% after
  • £1000 free ATM withdrawals per month with 2% after
  • A 25% discount on Crypto exchange fees increased to 50% if you pay fees with TAP

TAP Titanium

  • Contactless TAP Prepaid MasterCard
  • Unlimited free Fiat FX exchange
  • Unlimited withdrawals at ATMs
  • Cost price Crypto exchange fees

Now here’s a kicker, after you’ve picked a card, you can also be part of their success. Tap has a token called XTP. It’s listed on Bittrex (/BTC) and Bithumb (/USDT) Global and it’s securely anchored to the success of the project.

Buy some and you’ll…

  1. Receive a 25% discount on transactions fees if you pay them with XTP
  2. Stake Tap XTP for better account benefits
  3. Monthly Tap XTP burning to help its value increase
  4. Partner staking

All these facts bring us to our conclusion: if you’re looking for an alternative to (or if you’re simply looking for a way to spend your crypto) then it’s worth your time to consider the Tap alternative.

Dig a little deeper, verify these things for yourself, and settle on the alternative that’s right for you.

Altcoin News, Bitcoin News, Cryptocurrency News, FinTech News, News
Julia Sakovich
Author: Alan Knight

Alan is an early Bitcoin investor and a long-time trader in the crypto market. He's fascinated by the complex possibilities of blockchain and tries to make this topic accessible to everyone.

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