tap’s acquisition of a DLT licence is the final stage in the mass roll out of the tap project. As part of this roll out, tap released an MTO on the STP network on 19th December, the app was made available on Google Play on 20th December and Apple App Store on 21st December, and was then listed on Bittrex Global on 23rd December.

tap represents a giant leap forward in convenience for the crypto user by being a one-stop-shop crypto app that includes an aggregated crypto exchange (spanning several exchanges to deliver optimum prices), safe crypto storage through insured custodianship, a tap Mastercard payment card and all the normal alt-banking features that help make tap a truly unified crypto banking solution.

Since tap’s listing the response has been extremely positive with CoinMarketCap.com showing an ROI of 583% (correct at time of writing) since it’s launch. The success of the tap token (XTP) indicates a comprehensive desire for more convenience in the crypto sector. With an estimated 42m crypto wallet users and a monthly increase of 735k users per month from Q2 to Q3 2019* any project that can deliver more convenience and ease of use could see real success.

Tap aims to position itself as the best solution by offering several features that offer both convenience and peace of mind. These features include easy on/off ramps from fiat to crypto with integrated fiat banking and one touch exchange to crypto, BitGo cold wallets with a $100M cold storage insurance, full DLT approval by the Gibraltar Financial Services Commission, multiple exchanges allowing tap to always deliver competitive prices and no FX charges on the prepaid TAP Mastercard allowing global travel without customary punitive banking charges.

Arsen Torosian, tap’s founder and CEO, said: “Our plan was to release the tap token once we had a finished project, as a means of differentiating ourselves from other crypto projects. I believe the market is now showing an appreciation for that approach as we can see in the token price.”