Business
Commercial Agreement with Tap N Go To Launch ...
Commercial Agreement with Tap N Go To Launch ....
About this update from Tap Global Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n1 July 2024 Tap Global Group Plc(\"Tap Group\" or the \"Company\") Commercial Agreement with Tap N Go To Launch XTP Cashback Programme New customer incentive programme to drive customer and revenue growth Tap Global Group Plc (AQUIS: TAP), the FinTech company bridging the gap between traditional finance and blockchain technology, announces a commercial agreement between Tap N Go Limited (“Tap N Go”) and the Company’s wholly owned subsidiary, Tap Global Limited (“Tap Global”), for the launch of an XTP cashback programme. XTP is a token available for trading via Tap Global’s exchange services. Highlights: \tEnables the launch of a programme that will allow customers to receive XTP cashback following purchases made with a Tap Mastercard\tXTP tokens will be supplied to Tap Global from XTP existing reserves\tCashback model is expected to drive customer acquisition and revenue from card spend while enhancing the utility of XTP\tProgramme deepens the integration of cryptocurrency in everyday financial transactions and increases the volume of XTP in the cryptocurrency ecosystem\tXTP brought directly into the overall TAP ecosystem for the considerable benefit of our customers and wider shareholders Tap Global has launched an XTP cashback programme that allows its registered user base, which currently stands at over 350,000 individuals globally, to earn rewards in XTP tokens when they make purchases using the Tap Mastercard. Tap Global users will receive the XTP cashback reward directly into their Tap app accounts. Tap N Go will supply Tap Global with XTP tokens at no upfront cost to Tap Global as the supply of XTP is integral to Tap N Go’s strategy of increasing the token’s utility as well as driving its mass adoption. Users with a basic Tap app account will receive 0.5% cashback on transactions, while customers with a Tap app premium account will have access to a wider range of benefits, including special cashback rates of up to 8% as well as discounts on fees when trading cryptocurrencies through Tap Global. New features and add-ons will be launched in due course to enhance the primary service offering. European customers will be able to access the tiered cashback programme subject to the total value of the XTP staked by each user, while UK customers will be able to access th...