News and resources on payments systems, innovations and initiatives worldwide.

Tap n Go bids to bring cryptocurrency to the high street

Source: Tap n Go

Tap n Go (TAP) announces the launch of an innovative Crypto Wallet with payment card access for users that want to buy, sell and exchange digital assets with the convenience of access to traditional fiat currencies.

The Crypto Wallets come with an optional TAP Card which is powered by Global Processing Services (GPS) and allows users to convert Crypto to spend on everyday purchases. Cardholders can also withdraw cash from ATM’s and make purchases wherever the scheme card is accepted. Users can utilise several security features such as locking their card when not in use, turn off specific transaction types as well as utilise vicinity/location-based security which means your card must be in the same place as your mobile device that has the TAP App installed.

TAP Users can choose from three different account types, TAP Standard, TAP Black and TAP Titanium, all three accounts come with an optional Prepaid Card that is contactless enabled, ATM ready as well as physical and online spend capable.

David Carr, COO of TAP commented: “After tailoring a solution with the team at GPS, TAP has selected GPS for this crucial element to our overall solution. The card transactions are a crucial element within the TAP product offering so selecting the right partner is a crucial decision. The Board at TAP selected GPS for a number of factors and trust in the platform is one of those key considerations.’ He further adds,’ We are excited to be working with a market leading partner such as GPS. The services that GPS are providing will allow our payment cards to be used in over two hundred countries around the world. The platform is intuitive and flexible to meet our needs now and for our future expansion plans into other regions”

Neil Harris Chief Commercial Officer at GPS commented: “It’s rewarding to see that we are enabling fintech’s like TAP n Go to launch new innovative propositions to market. TAP n Go is bringing cryptocurrencies to the high streets by simplifying the trading process and facilitating the way people can use their cryptocurrencies to pay for everyday purchases.  

Comments: (0)