A payment application that provides special features in which most crypto users who are actively trading their assets for various other tokens, Tap still in its development stages have one of the best ideas one can find in the cryptocurrency community. Tap will be offering one of the best payment application that has a direct connection to some of the major crypto exchanges. In a layman term, tap will be giving users the ability to connect to multiple major exchanges from the tap application. With this access, tap will be offering make sure user’s accounts and assets are secured, making use of the cold and hot wallet storage. The cold wallet will be used to store assets that are not being actively traded while the hot wallet will be used for tokens being traded on exchanges. Also, there will be a two-factor authentication on the tap application so users can be sure their accounts will be protected.
Tap is also offering a card service which allows users to carry out transaction from any bank, ATM in the world. The tap cards will be available to everyone who owns the tap token. The tap card will be able to support BTC, ETH, and LTE conversions to USD, EUR, and GBP once they launch with more and more trading pairs and currencies added to the card system. But note that the cryptocurrencies to be listed on tap need to meet and sustain an average daily volume of at least a million dollars.
The tap card is divided into tiers and each tier has its own unique benefits based on how users trade their tokens. Though the normal or base tap card will be given free to each user. This base card has a feeless condition attached to it on the first 1000 pounds spent while using the card, there is also a feeless ATM withdrawal that is capped at 500 pounds.
The tap premium cards can only be accessed once a user can stake their tap tokens. The premium cards are divided into black and titanium. The black tap card can be gotten if the user stakes up to 10,000 Tap tokens and has a feeless spending of up to 3,000 pounds and ATM withdrawal of 1000 pounds. The tap titanium card can only be gotten if the user stake over 50,000 Tap tokens and has an unlimited feeless spending and ATM withdrawals and also crypto fiat conversion at a fee stated by the exchanges.
AlphaBit and FBG Capital became key investors of tap at the end of October 2018. AlphaBit is one of the first standardized cryptocurrency funds and it is also the largest in the Middle East. FGB is the hottest cryptocurrency fund in Asia. They were all interested and believed in the tap vision and wanted to be a part of their growth.
Lastly, the tapngo has released the third version of their application while for the most part, they are still developing the application. This new alpha release has the integration of four exchanges which are BInance, Kraken, BitMax, and Bitfinex. This alpha version also allows exchange between fiat and cryptocurrencies and also between two cryptocurrencies.
For more information, follow TAP on:
Website: http://www.tap.global/
Telegram: http://t.me/tapngoofficial
Medium: https://medium.com/@tapngo.social
Reddit: https://www.reddit.com/r/TAP_Official/
Twitter: https://twitter.com/tapofficial1
