TAP Tap Global Group Plc

 
TIDMTAP 
 
24 January 2023 
 
                             Tap Global Group Plc 
                           ("Tap" or the "Company") 
 
                                 Contract Win: 
 
 Bitfinex Becomes First Customer For New Tap 'Cards as a Service' B2B Revenue 
                                    Stream 
 
Tap Global Group Plc (AQSE: TAP), the regulated crypto app bridging the gap 
between traditional finance and blockchain technology, is pleased to announce 
the launch of its CaaS 'Cards as a Service' B2B product (the "Product") with 
leading global cryptocurrency exchange Bitfinex as the first client for this 
new service. 
 
The Company's new Product enables companies such as Bitfinex to offer their 
customers a prepaid Mastercard to enhance their existing financial offering. 
The card, which will be made available to all of Bitfinex's European users, 
will be underpinned by Tap's existing infrastructure and regulatory approvals 
and will allow Bitfinex account holders to convert their cryptocurrency assets 
to Euro which they can send to their card to purchase from any of the 37 
million worldwide merchants which accept Mastercard. 
 
Tap's Product will carry the branding of clients, such as Bitfinex, but all 
issuing, managing and settlement services will be provided by Tap. Tap will 
charge for the Product on a per card, per month basis, providing its clients 
with control, flexibility and transparency. 
 
David Carr, Chief Executive Officer of Tap, commented: 
 
"We are excited to add this B2B Product to Tap's offering and look forward to 
supporting innovative businesses such as Bitfinex in providing their clients 
with financial flexibility to seamlessly convert and spend cryptocurrency 
assets without hindrance from the traditional banking system. 
 
Bitfinex, one of the largest cryptocurrency exchanges in the world, is an ideal 
partner for the external launch of this product, which was previously only 
available to Tap's userbase. 
 
Tap is not a simple 'buy crypto' app, focused solely on individual users. It is 
our ambition to be one of the world's leading FinTech companies and this 
product is an example of our significant and growing business-focused 
offering." 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
Enquiries: 
 
Tap Global Group Plc                           Via Vigo Consulting 
David Carr, Chief Executive Officer 
 
Peterhouse Capital Limited (AQSE Growth Market Tel: +44 (0)20 220 9795 
Corporate Adviser) 
Guy Miller / Narisha Ragoonanthun 
 
Vigo Consulting (Investor Relations)           Tel: +44 (0)20 7390 0230 
Ben Simons / Charlie Neish                     tapglobal@vigoconsulting.com 
 
About Tap Global 
 
Tap is a fully regulated and fully integrated crypto-fiat exchange service 
provider with an associated neo banking platform. 
 
Through a single regulated App, Tap's over 100,000 users can access several 
major crypto exchanges and, utilising Tap's proprietary Artificial Intelligence 
middleware, customers benefit from best-execution and pricing in real time. 
Through the Tap card, users can also convert their crypto to spend at more than 
37 millions merchant locations worldwide. 
 
Founded in 2018, Tap is one of only a handful of unified solutions operators 
fully regulated to provide distributed ledger technology services and was the 
first crypto FinTech company approved by Mastercard in Europe. 
 
Mastercard and e-money services are provided under licence held by Transact 
Payments who are regulated in Gibraltar and Malta.  Tap is registered as an 
agent of Transact Payments for the provision of these services. 
 
For more information, visit www.tap.global/gb-en or our investor relations 
website www.investor.tap.global. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

January 24, 2023 02:00 ET (07:00 GMT)

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