Tap n Go (TAP) Crypto And Fiat Wallet Launches New Crypto Credit Card With Transact Payments
New Crypto Credit Card: Tap N Go Partners With Transact Payment Limited (TPL)
TAP (Tap n Go), a Gibraltar based cryptocurrency wallet, has said that it now enables its users to convert their digital assets held in their crypto wallets to make payments anywhere that accepts Mastercard.
In a statement by TAP, these crypto transactions were made possible through a partnership with TPL (Transact Payments Limited), a licensed electronic money institution, which is known to provide European prepaid and debit services, BIN (Bank Identification Number) sponsorship as well as modular payments. TPL is a principal operating member of Visa and Mastercard.
Crypto Credit Card Conversion
Special Crypto cards are quite popular in the crypto sphere, these cards enable its users to purchase debit cards, these debit cards can then be topped up with crypto and spent at a ton of merchants globally, that accepts credit cards.
Users of Tap n Go will be enabled to sell different digital assets to their Mastercard debit cards. All of Tap n Go’s cryptocurrency assets are held in a cold offline wallet, or e-money user accounts.
This new functionality on the TAP wallet not only allows its users a variety of cryptocurrency and fiat wallets (with instant conversion of digital currency for spending on their debit cards), it also allows for real-time cryptocurrency trading on many crypto trading platforms.
Tap n Go who has applied for a DLT (Distributed Ledger Technology) license through the Gibraltar Financial Services Commission, also allows its users to withdraw generated cash (from conversions of cryptocurrency) from ATMs.
Arsen Torosian, TAP’s CEO stated :
“The launch of TAP has been in the making for a number of years, our partnership with TPL for our provision of the TAP Prepaid Mastercard was the final piece of our vision. We are delighted to have TPL as our partner for this product”
In addition, the Managing Director of TPL, Kriya Patel, said :
“TPL is delighted to be supporting the TAP Prepaid Mastercard project and look forward to continuing to work with such an initiative partner like TAP with the rollout of their in-demand solution.”