Aofex

Why Tap Global Will Become Next Big Crypto Payment Card

| Updated
by Alan Knight · 5 min read
Why Tap Global Will Become Next Big Crypto Payment Card
Photo: TAP

Tap Global lets users convert their crypto into some of the most used fiat currencies: USD, Euro, Pound Sterling, and AUD is coming soon. The conversion happens at the best rates too. 

Tell me something: what’s the use of holding a bag of gold if you can’t spend it? Gold is meant to be spent. It’s meant to be frittered away on good food, wine, and the spices of life. Do you have a bag of gold you can’t spend?

Bitcoin is digital gold, we’ve heard it said time after time. And you might just have some BTC or other cryptocurrency gathering dust somewhere. Perhaps you want to spend it … but the hassle of exchanging it to fiat with all those fees and wait times and problems is just too much of a headache.

How about you avoid all that stress? Turn your crypto into spendable fiat. Instantly.

Tap Global – Your Passport to Spending

If you’ve been thinking of taking that bag of bitcoin and spending it, consider putting it on a prepaid Tap Global Mastercard. Your world will open up.

Tap Global lets you convert your crypto into some of the most used fiat currencies: USD, Euro, Pound Sterling, and coming soon AUD. The conversion happens at the best rates too.

You won’t need to hunt for which exchange will give you the best price because Tap scans 100’s of global order books within seconds to find the best rate for you and complete the purchase or sale of currencies in real-time.

After conversion, you can spend freely (and avoid COVID) by using Tap’s contactless payments.

Headache – gone. Wealth – accessed.

Tap Global – Built for Crypto Holders

It’s more than a Mastercard.

Tap Global is an entire suite of services designed and built with crypto holders in mind.

Check out their app; you’ll find a multi-coin e-wallet waiting for you. It’s also authorised and regulated by the Gibraltar Financial Services Commission. Add to this the fact that Tap Global and your funds are also insured up to €100 million USD by Lloyd’s of London and you have a winning combination for trust and safety.

Use their app. Their intelligent software connects to the biggest crypto exchanges simultaneously, letting you trade instantly into a broad basket of various cryptocurrencies. It’s like being a kid in a candy store.

Speaking of candy, how about purchasing some that’s actually good for you?

Tap Global shows it’s more than a Mastercard by enabling users to buy their token called XTP. It’s listed on Bithumb Global and it’s directly related to how successful Tap Global becomes.

Now, for those who are just starting out as a crypto holder, you don’t need to worry about funding your wallet with crypto or XTP just yet. You can fund your account with a bank transfer or debit card. Then, you can buy cryptocurrencies on the Tap app for a 0.5% to 1.5% fee — some of the lowest in the industry.

Whichever level of crypto holder you are, at least you can trade on the app and know that your crypto is both safe in Tap’s cold storage vaults and quickly accessible to spend. It’s the best of both worlds: peace of mind + convenience.

Speaking of convenience – quick side note – if you’re a jet-setter or globe trotter, Tap lets you convert fiat or cryptocurrency into the currency you need at your new destination. Fiat conversions are free up to £1000 per month. No additional charges or unfavorable FX rates while traveling because no one needs financial stress on their vacation.

Tap Global – It’s Verified

There’s an old saying in crypto: don’t trust, verify.

Perhaps, until this point, you’ve been leaning towards getting that Tap Global Mastercard – but what if TAP goes bust? This is a legitimate concern.

The Wirecard AG debacle made headlines around the world. It put both consumers and business on edge. Financial services should not have so many pitfalls.

Thankfully, EEA customers can turn to Tap, the first prepaid Mastercard related crypto card operating in Europe, enabling users to instantly transform digital assets into spendable assets.

Raj Dhamodharan, executive vice president of digital asset and blockchain products and partnerships at Mastercard, who went on record to say:

“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.”

No wonder Tap Global expanded into a new partnership with Hay to provide AUD Bank Accounts and eventually AUD TAP cards to people in Australia who are crypto holders and regulars alike. With all these features and strong support — Tap really will go global.

It’s easy to see why…

Tap Global is verified. Your fiat holdings are not held by Tap, they are stored in a tier-one bank which Tap cannot access. Your crypto assets are stored in a secure cold storage facility that has insurance cover against any hacking etc. Although Tap has only relatively recently launched to the public, this was to ensure that all of the pieces of the puzzle were in place to protect the consumer.

With all these perks and benefits, Tap Global makes holding crypto as easy as holding fiat – maybe even better than holding fiat?

So Tap into your wealth today. And spend it.

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.

Related Articles