Tap n Go Partners with Transact Payments on Crypto Credit Card
- Specially issued crypto cards are quite popular in the crypto space.
Gibraltar-based crypto and fiat wallet Tap n Go (TAP) said it now allows its users to convert their crypto assets held with the company for spending and make purchases anywhere Mastercard is accepted.
According to TAP, this support for cryptocurrency transactions was possible as a result of a partnership with Transact Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term Limited (TPL), which provides European BIN sponsorship and modular payment, debit, and prepaid services. TPL is a licensed European e-money institution and also operates as a principal member of both Mastercard and Visa.
Specially issued crypto cards are quite popular in the crypto space allowing the purchase of debit cards which can then be topped up with Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term and spent at thousands of credit card accepting merchants worldwide.
With this latest announcement, Tap n Go users will be able to sell several different cryptocurrencies to their Mastercard cards. The company keeps all crypto assets in offline cold storage, behind a multi-signature wallet or electronic money client accounts.
Also ATMs withdrawals
The launch of the new functionality not only gives TAP accounts multiple crypto and fiat wallets, while instantly converting their crypto assets for spending them on their cards but also provides access to real-time crypto trading with many exchanges.
Tap n Go, which has applied with the Gibraltar Financial Services Commission for a DLT license, also enables customers to withdraw cash generated from crypto conversions from ATMs.
Commenting on the news, TAP CEO Arsen Torosian said: “The launch of TAP has been in the making for a number of years, our partnership with TPL for our provision of the TAP Prepaid Mastercard was the final piece of our vision. We are delighted to have TPL as our partner for this product.”
Kriya Patel, MD of TNL added: “TPL are delighted to be supporting the TAP Prepaid Mastercard project and look forward to continuing to work with such an initiative partner like TAP with the roll out of their in-demand solution.”
Gibraltar-based crypto and fiat wallet Tap n Go (TAP) said it now allows its users to convert their crypto assets held with the company for spending and make purchases anywhere Mastercard is accepted.
According to TAP, this support for cryptocurrency transactions was possible as a result of a partnership with Transact Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term Limited (TPL), which provides European BIN sponsorship and modular payment, debit, and prepaid services. TPL is a licensed European e-money institution and also operates as a principal member of both Mastercard and Visa.
Specially issued crypto cards are quite popular in the crypto space allowing the purchase of debit cards which can then be topped up with Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term and spent at thousands of credit card accepting merchants worldwide.
With this latest announcement, Tap n Go users will be able to sell several different cryptocurrencies to their Mastercard cards. The company keeps all crypto assets in offline cold storage, behind a multi-signature wallet or electronic money client accounts.
Also ATMs withdrawals
The launch of the new functionality not only gives TAP accounts multiple crypto and fiat wallets, while instantly converting their crypto assets for spending them on their cards but also provides access to real-time crypto trading with many exchanges.
Tap n Go, which has applied with the Gibraltar Financial Services Commission for a DLT license, also enables customers to withdraw cash generated from crypto conversions from ATMs.
Commenting on the news, TAP CEO Arsen Torosian said: “The launch of TAP has been in the making for a number of years, our partnership with TPL for our provision of the TAP Prepaid Mastercard was the final piece of our vision. We are delighted to have TPL as our partner for this product.”
Kriya Patel, MD of TNL added: “TPL are delighted to be supporting the TAP Prepaid Mastercard project and look forward to continuing to work with such an initiative partner like TAP with the roll out of their in-demand solution.”