Business
Completion of Launch in the United States
Completion of Launch in the United States.
About this update from Tap Global Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n19 June 2024 Tap Global Group Plc(\"Tap Group\" or the \"Company\") Completion of Launch in the United States Launch enables 45 million active cryptocurrency users in the US to access Tap Group’s solutions* Tap Global Group Plc (AQUIS: TAP), the FinTech company bridging the gap between traditional finance and blockchain technology, announces the launch of its US service offering via the Company’s wholly owned subsidiary Tap Americas LLC (“Tap Americas”). Highlights: \tTap Americas is operating in partnership with Zero Hash LLC (“Zero Hash”), a Chicago-based B2B2C crypto and stablecoin infrastructure platform that is licensed in the US\tThe US launch is expected to significantly expand Tap Group’s user base, accelerating the Company’s growth globally\tTap Americas’ initial offering provides US users with access to the core suite of services, with new features and add-ons in the pipeline\tUS customers will have access to trade major digital assets including BTC, ETH, XRP, and USDC Tap Americas can now provide US customers across 48 states access to trade multiple digital assets, including major global cryptocurrencies BTC, ETH, XRP, and USDC. Tap Americas is using Zero Hash’s building blocks of liquidity, custody, and settlement to facilitate P2P transfers and crypto-crypto swaps. US customers can deposit and withdraw cryptocurrencies from an external wallet and leverage Tap Group’s smart trading router for best price execution, as well as earn a range of rewards through the Company’s referral programme. New features and add-ons will be launched in due course to enhance the primary service offering. The US is the world’s largest cryptocurrency market, estimated to account for 48% of the global market growth between 2022 and 2027**, with 17% of all US adults having invested in cryptocurrencies***. The launch is expected to significantly increase Tap Group’s registered user base, which currently stands at over 350,000 individuals globally, and will build on the Company’s rapid user growth momentum. Tap Group’s customer-facing website has received unprecedented traffic from US-based visitors in the last 12 months in anticipation of the launch. The US currently constitutes the third largest volume of webpage visits per country, demonstrating the significant interest and ...