19 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:
-
Tap
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
-
The US
launch is expected to significantly expand Tap Group’s user base,
accelerating the Company’s growth globally
-
Tap
Americas’ initial offering provides US users with access to the
core suite of services, with new features and add-ons in the
pipeline
-
US
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 demand for the platform.
Tap
Americas’ partnership with Zero Hash, a well-established and
well-regulated US entity, enables the Company to operate in the US
whilst ensuring the requisite regulatory coverage for the new US
business.
Arsen Torosian, CEO of Tap Global,
commented:
“We
are thrilled to have successfully launched our service offering in
the United States, the largest
global market for cryptocurrency trading. Launching in the US
represents a significant milestone for the Company and is a
testament to the dedication and expertise of the entire team who
have worked tirelessly throughout the launch process to ensure we
enter the country in the best position possible to support our
long-term growth aspirations.
With
regulators around the world increasing their scrutiny of digital
currency exchanges, we look forward to working with Zero Hash, a
well-established partner that shares our regulation-first approach,
to provide users with a secure, regulated, and innovative platform
from which to manage their virtual assets.
Tens
of thousands of potential US customers have been browsing our
website over the past year signalling a pent-up demand for our
service. We expect the launch in the US to act as a catalyst for
further geographic expansion as we continue to explore
opportunities to launch in other key global cryptocurrency markets
such as Canada and
Australia.”
The
directors of the Company accept responsibility for the contents of
this announcement.
* Zippia,
30 Striking Cryptocurrency Statistics [2023]: Market Value, Bitcoin
Usage, and Trends
**
Technavio, Cryptocurrency Market by Type, Component, and Geography
– Forecast and Analysis 2023-2027, April
2023
*** Pew
Research Centre Cryptocurrency Survey 2023
Enquiries:
Tap
Global Group Plc
Arsen
Torosian, Chief Executive Officer
|
via Vigo
Consulting
|
Peterhouse
Capital Limited (Aquis
Growth Market Corporate Advisor)
|
+44 (0)20
7220 9795
|
Tennyson
Securities (Broker)
Alan
Howard
|
+44 (0)20
7186 9030
|
Vigo
Consulting (Investor
Relations)
Ben
Simons
Kendall
Hill
Peter
Jacob
|
+44 (0)20
7390 0230
tapglobal@vigoconsulting.com
|
About
Tap Global Group Plc
Tap Global
Group Plc (“Tap Group”) bridges the gap between traditional finance
and blockchain technology. It provides over 350,000 individual and
business customers with an innovative and fully integrated fiat
payments and cryptocurrency settlement service including access to
several major cryptocurrency exchanges. Through the Tap app,
customers can trade up to 48 cryptocurrencies and store them
directly in their customer wallet, while benefiting from
proprietary AI middleware for real-time best-execution and
pricing.
Tap
Group’s European business, Tap Global Limited, was the first
cryptocurrency FinTech company to be approved by Mastercard in
Europe. Through the Tap card,
European users can convert their cryptocurrencies to fiat and spend
at more than 37 million merchant locations worldwide.
Investor
website:
www.investor.tap.global
Tap
Group’s operating subsidiaries
Tap Global
Limited serves the European customer base and is registered in
Gibraltar and licensed and
regulated by the Gibraltar Financial Services Commission under the
DLT with licence No. 25532.
Tap
Americas LLC serves the US customer base and is a limited liability
company organised under the laws of the state of Florida. Cryptocurrency services provided by
Zero Hash, a Chicago-based B2B2C
crypto infrastructure platform.
Learn
more:
www.withtap.com
Follow us on social media:
LinkedIn:
https://www.linkedin.com/company/tapglobal/
X (formerly Twitter):
https://twitter.com/TapGlobalPlc
About
Zero Hash
Zero Hash
is a B2B2C crypto-as-a-service infrastructure platform that allows
any platform to embed digital assets natively into their own
customer experience quickly and easily through a matter of API
endpoints. Zero Hash’s turnkey solution handles the entire backend
complexity and regulatory licensing required to offer crypto
products.
Zero Hash
Holdings, through its subsidiaries, powers neo-banks,
broker-dealers, payment groups as well as non-financial brands to
offer crypto and stablecoin powered products.
Zero Hash
Holdings is backed by investors, including Point72 Ventures, Bain
Capital Ventures, and NYCA.
Zero Hash
LLC is a FinCen-registered Money Service Business and a regulated
Money Transmitter that can operate in 51 US jurisdictions. Zero
Hash LLC and Zero Hash Liquidity Services LLC are licensed to
engage in virtual currency business activity by the New York State Department of Financial
Services. In Canada, Zero Hash LLC
is registered as a Money Service Business with FINTRAC.
Zero Hash
Australia Pty Ltd. is registered with AUSTRAC as a Digital Currency
Exchange Provider, with DCE registered provider number
DCE100804170-001. This registration enables Zero Hash to offer its
crypto services in Australia.
Zero Hash
Australia Pty Ltd. is registered on the New Zealand register of financial service
providers, with Financial Service Provider (FSP) number FSP1004503.
A FSP in New Zealand is a
registration and does not mean that Zero Hash Australia Pty Ltd. is
licensed by a New Zealand
regulator to provide crypto services. Zero Hash Australia Pty
Ltd.’s registration on the New
Zealand register of financial service providers does not
mean that Zero Hash Australia is subject to active regulation or
oversight by a New Zealand
regulator. Zero Hash Europe B.V. is registered as a Virtual Asset
Services Provider (VASP) registration by the Dutch Central Bank
(Relation number: R193684). Zero Hash Europe Sp. Zoo is registered
as a VASP by the Tax Administration Chamber of Poland in
Katowice (Registration number RDWW
– 1212).
Connect
with Zero Hash
Website |
Twitter |
LinkedIn |
Medium
Zero
Hash Disclosures
Zero Hash
services and product offerings may not be available in all
jurisdictions. Zero Hash accounts are not subject to FDIC or SIPC
protections, or any such equivalent protections that may exist
outside of the US. Zero Hash’s technical support and enablement of
any asset is not an endorsement of such asset and is not a
recommendation to buy, sell, or hold any crypto asset. The value of
any cryptocurrency, including digital assets pegged to fiat
currency, commodities, or any other asset, may go to zero. Zero
Hash is not registered with the SEC or FINRA. Zero Hash does not
provide any securities services and is not a custodian of
securities, including security tokens, on behalf of
customers.