Tap n Go (TAP) partnered with Transact Payments Limited (TPL) to provide customers a Tap Prepaid Mastercard which will allow them to convert cryptocurrency funds they have with TAP to fiat money and spend it at any establishment that accepts MasterCard.
The TAP accounts have multiple crypto and fiat wallets that will give access to the cryptographic trading in real time with various exchanges. Assets are kept securely in cold storage portfolios of multiple firms or in electronic money customer accounts.
Tap n Go asked the Gibraltar Financial Services Commission for a license to work with distributed accounting technology. That is to say, it is a consensus of replicated, shared and geographically synchronized digital data that is distributed in multiple sites, countries and institutions.
In the same way, TAP CEO Arsen Torosian said: “The launch of TAP has been ongoing for several years; our partnership with TPL for the provision of the TAP Mastercard prepaid card was the final piece of our vision. We are delighted to have TPL as our partner for this product.”
For his part, Kriya Patel, MD of TPL, commented: “TPL is delighted to support the TAP Prepaid Mastercard project and hopes to continue working with a partner such as TAP in the launch of its on-demand solution.”
L.Sáenz
Source: The Bitcoin Times
