Place/Date: Suite 4, 4 Giro's Passage, Gibraltar, GX11 1AA - November 29th, 2018 at 8:05 am UTC · 3 min read
Contact: TAP, Source: TAP
The equity and debt markets are studded with competitive e-brokers. These companies make it possible for a person to trade almost any stock or bond that is listed across a vast number of exchanges through a single dashboard. This convenience, coupled with the ease of access to financial data, has made it possible for the average Joe to easily participate in the financial markets. The lack of an exchange aggregation service makes Crypto a challenging place for the average Joe.
Finding the best prices often means a person would have to carefully scout prices across multiple exchanges and then transfer capital to that exchange. Moreover, many coins and tokens are listed on specific exchanges. It is often necessary to hop from exchange to another to acquire a diversified portfolio; this means a person has to go through several KYC processes, needs to monitor account security across multiple platforms, and must transfer funds back-and-forth whenever a portfolio adjustment is needed.
This exhaustive work makes participation in the Crypto market unfriendly to the masses.
While dedicated day traders have adjusted to the demands of Crypto trading, the masses have other commitments that limit the ability to adjust to Crypto trading; thus, there needs to be a way to adjust access to Crypto the needs of the masses.
While none of the established e-brokers have plans to provide services in the Crypto community, a new development, TAP, can provide convenient means to trade in this market.
Similar to the services of an e-broker, TAP makes it possible for its users to tap into the orderbooks of multiple exchanges.
TAP has multiple functionalities as it can provides a payment card that can allow users to pay for daily transactions through their Crypto holding. TAP achieves this by selling just enough Crypto from the user’s wallet so that the payment can be made; the Crypto is sold to the highest bid available across many exchanges.
While TAP will certainly pave a means to use Crypto in daily life, it can be a powerful tool for the masses that are curious about cryptocurrencies. Thanks to mass media constantly highlighting the price action in this market, a vast portion of the world is aware of cryptocurrencies. However, this curiosity isn’t converted to participation as Crypto is inconvenient. To carry this market to a wider audience TAP provides the means to conveniently trade across many exchanges.
TAP users have to set up one account and deposit capital to just that single account.
TAP will aggregate access to some of the largest exchanges in the world, including BitMax, Binance, Kraken, and Bitfinex. This list is set to increase as the application extends its business development approaches.
Given the existing network of exchanges covers both fiat deposits and access to a wide menu of tokens, TAP can enable a convenient means to turn fiat into tokens and coins at the most competitive prices with just a few taps on a phone screen. TAP could be the key to carrying Crypto to the masses and bringing increased liquidity into this market. The application’s user interface is similar to that of any mass-consumption and thus will provide the familiarity people seek. However, the application does not sacrifice functionality for the sake of convenience, a common trap some developers fall into. Thus, TAP weds convenience and functionality to provide a unique trading experience that has been missing in the Crypto market for far too long.