Tap Global Partners With OpenPayd

Tap Global has partnered with OpenPayd, the API-driven modular banking and payments platform, to boost its customer offering.

Tap Global is a new and revolutionary trading app which offers access to multiple crypto and fiat wallets, as well as real-time crypto trading and banking. All assets are held securely in multi-signatory ‘cold storage’ wallets or electronic client accounts.

David Carr, Chief Operations Officer of Tap, said: “The OpenPayd payments and banking platform will enhance the service Tap will be able to provide to its customers.” Carr added: “Our search for a provider of banking services was a long process – ultimately, both the technology and the team from OpenPayd drove our decision. The solution we’ve added will allow users to both fund and withdraw via Faster Payments in the UK and SEPA Transfer in Europe. This addition to our services will give users full access to convert and use their crypto assets without the high costs or waiting times associated with some other options.”

According to the European Central Bank, there’s around 1,900 crypto-assets available on the market today with a capitalisation standing at €96 billion this year and all being facilitated by distributed ledger technology. With this in perspective, now seems the right time for Tap Global to be launching its new product to market.

Tap launched to a limited number of ‘Beta Test’ customers in November 2019. The team will continue to enhance functionality and UI experience before inviting users to download and apply for the App with a view to launching the full product in early 2020.

Commenting on the partnership, Iana Dimitrova, Chief Executive of OpenPayd, said: “We are very pleased to facilitate the launch of TAP Global by providing them access to banking and payments services. Through our modular API-driven technology, TAP can quickly access our global infrastructure.”

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