Press Lounge

Tap Introduces Crypto Banking for Freelancers And SMEs

Jesse
3 mn

Cryptocurrency fintech platform, Tap Global, has announced the launch of its new B2E (business to entrepreneur) product. With over 92 000 registered users and numerous active business accounts, the company has branched into the SME (small and medium-sized enterprises) market, allowing entrepreneurs an all-in-one solution to working with traditional and digital currencies.

Following wide interest and demand, Tap is catering to entrepreneurs looking to incorporate cryptocurrencies into their business models. As a branch from its business product which caters to larger transaction volumes, this B2E product allows small businesses to tap into the advantages of working with digital currencies. 

As part of our long term strategy, we are pleased to introduce a new product, B2E accounts for crypto entrepreneurs, digital nomads or self employed who want the flexibility of accepting, holding and trading cryptocurrencies but also get everyday banking functionality and multi currency support. - Arsen Torosian, Chief strategy officer. 

Alongside the competitive fees, the platform offers dedicated account managers to assist with the onboarding process (in line with the 5th anti-money laundering directive) while all activities and portfolios can be managed from the crypto fintech app for Android and iPhone. 

The innovative service provides businesses with a unique IBAN, acquired through a partnership with the reputable and regulated LHV, SWIFT payments, and free SEPA and Fast Payments transfers from crypto to fiat and vice versa, at interbank rates.

Tap currently provides all users and businesses access to over 15 crypto assets available for trading through the app, the opportunity to generate passive income (of up to 7%) and detailed statements with regard to all transactions made to and from the account. 

The platform has built an impressive reputation in the crypto and fintech space and is known for its smart engine technology which enables users to get the best prices for cryptocurrencies through scanning multiple exchanges and order books online. Alongside its cryptocurrency trading facilities, users are also provided with advanced security features, such as biometric login and backend encryption. 

What else does the platform offer?

  • Competitive FX and Crypto trading fees
  • Dedicated corporate account managers
  • Unique IBAN with SEPA and Fast Payments transfers
  • 15 crypto assets and 3 fiats available including EUR, GBP & USD
  • Annual Yield generation accounts for passive income (of up to 5% annually)
  • Advanced security features, such as biometric login and backend encryption. 
  • Smart engine scanning enabling their user to get the best prices on the spot for their cryptocurrencies purchase  
  • Authorised and regulated as a DLT provider by the Gibraltar Financial Services Commission
  • Crypto fintech app available for both Android and iPhone 

As an E-money agent, Tap is covered by e-money regulations which mandate the protection of clients’ fiat balances. Tap is partnered with BitGo for cryptocurrency insurance covering up to $100,000,000 in funds. 

Tap Global is a Gibraltar Incorporated company. The company is authorised and regulated as a DLT provider by the Gibraltar Financial Services Commission and holds an EMI agency licence under Modulr, an FCA regulated Electronic Money Institution. 

To learn more about Tap, see here.

To learn more about the Tap’s B2E crypto banking service, click here. For the Institutional B2B crypto banking services get to know more here

Contact: Stefan Chifu, corporate@tap.global