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Tap Gains FINTRAC Canada Approval

20th April 2021 by Tapper Filed under announement

Tap Gains FINTRAC Canada Approval

We’re pleased to announce that as of today Tap Global obtained the Foriegn MSB status in Canada, this is another step in extending our product offering network beyond just the borders of the EEA. Having recently acquired the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) approval, Tap is now listed on their public MSB Registry and permitted to begin operations.  This is the first stepping stone to designing a locally issued Tap product for the Canadian market.

 

Tap Is preparing To Provide Alt Banking Services To The Canadian People

Following the international headline grabbing demise of Canada’s largest crypto exchange, QuadrigaCX in 2019, there is a giant gap in the market for reputable crypto services. Tap has already been operating in several countries for months, and has slowly been embarking on a journey of stretching across the globe, one territory at a time. 

 

We’re pleased to announce that the following revered services are being prepared for the Canadian public:

  • Instant trading available for supported currencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tap Token (XTP) as well as EUR, GBP, USD and CAD

  • Smart trade technology which ensures that users get the best available price on the market in real time, automatically incorporated into our trading processes. The technology scans multiple order books from top exchanges in seconds to ensure liquidity and the best price.

  • Send funds from the app directly to friends, businesses and other accounts with either crypto or fiat currencies.

  • An overview of your portfolio at any given time spanning across both crypto and fiat.

  • Access to a free Tap crypto card that will be accepted by millions of merchants around the world.

  • Manage all transactions, your Tap crypto card, payments and all assets from the Tap mobile app.

  • All assets are stored in a cold wallet linked to a hot wallet that provides instant liquidity when executing trades. All assets stored on the platform are insured for $100 million.

 

Bringing The Financial Revolution To Canada

Tap will now be focussing on gathering the required partnerships to launch a fully fledged service that will bring a streamlined and fully regulated crypto platform to the fine folk of the Maple country. Once launched users will be able to buy, sell, trade, spend and send their favourite crypto assets, all from the convenience of the Tap app (available on iOS and Android) as well as access the Tap crypto card.

 

About Tap Global Ltd:

Tap Global Ltd (TAP) is a Gibraltar based company providing clients with real time trading of crypto assets utilising multiple exchanges from one APP.  The multi-crypto and multi-fiat wallet structure of TAP coupled with bespoke designed proprietary middleware solution allows TAP to facilitate trades efficiently and seamlessly.  The current provision of named fiat accounts to EEA residents in either GBP or EUR allows for near instant deposits and withdrawals using the UK Faster Payments and SEPA Transfer products.  For more information please contact operations@tap.global  



About FINTRAC:

The Financial Transactions and Reports Analysis Centre of Canada is the country’s financial intelligence unit. It is responsible for providing protection to the citizens’ personal information as well as playing an integral role in preventing, detecting and deterring both money laundering and the funding of terrorists. The highly regarded financial intelligence unit works independently but alongside law enforcement agencies, police services and other entities and reports directly to the Minister of Finance. The Minister of Finance is responsible for reporting any findings and activity from the centre directly to Parliament.