Tap, a Fintech based in Gibraltar, has recently launched a cryptocurrency app, with a Tap prepaid card. The launch is expected to happen in Q1 2020, leaving crypto traders on high alert and stacking XTP in anticipation.
Since launching the Tap app, the company released its token and within days XTP was trading on Bittrex Global, a leading blockchain trading platform. Since its launch on the platform on 23 December 2019, the cryptocurrency has experienced gains of over 2500%, extremely rare in the industry, even outperforming Bitcoin in a one-month analysis.
It is believed the token’s success is driven by investor’s preparation for the launch of both the Tap app and Tap card. The Tap app acts as both a crypto exchange and trading platform, offering traders unique benefits such as their bespoke smart-trade technology and cold storage wallet facilities. The smart trade technology facilitates trading crypto and fiat pairs on several top exchanges, presenting the traders with the best prices, as well as instant liquidity on said trades. This technology is also behind the unique functioning of the Tap card.
Having received an in-principle approval for the DLT license by the Gibraltar Financial Services Commission, the Tap card allows users to spend their crypto and fiat currencies around the world, in conjunction with the Tap app. Set to launch in the next coming weeks, applications are still open on the official Tap website.
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