If you have been around cryptocurrency for some time now, you should be well aware of exchanges. Exchanges are one of the biggest things to happen in the cryptocurrency universe since this new innovation came to light. Exchanges provided a means to liquidate crypto and ensure it flows to gain more traction.
With the rise of Bitcoin came many other altcoins (coins other than Bitcoin) hence the need for an exchange to be able to exchange Bitcoin for Alts and to a larger extent, crypto for fiat. There are different types of exchanges; a centralized exchange, a decentralized exchange, and a hybrid exchange.
But the problem is, all exchanges do not have the same features, they have different criteria for listing cryptocurrencies, they have different transaction fees and different liquidity and trading volumes. This, in turn, causes a headache for traders who hold different cryptocurrencies and would love the idea of being able to trade all in one exchange without the need of going through various KYC process (which is like a must with exchanges), and also having to pay various transaction fees.
TAP...
TAP project aims to develop a product that will eliminate the unnecessary troubles involved with cryptocurrency to make it more accessible. This will be done by the TAP app and the TAP card.
The TAP app is a super-fast platform that ensures that trades takes only 3 seconds to be closed, offers complete security with seamless hot and cold wallet storage for total protection, an easy in-app KYC that takes just a couple of minutes, provides all online services of a traditional bank ranging from transfers to live currency conversions, a simple and intuitive graphic user interface which is as feature-rich as any exchange, and with the ability to trade from anywhere.
Perhaps, the outstanding thing about the app is that you only need one KYC (done in-app) as against doing multiple KYCs with different exchanges. With one KYC done in the TAP app, you can easily trade your cryptocurrencies from any exchange easy and fast, the app also ensures to get the best deal available by scheming through exchanges to get you the cheapest and best deal.
The TAP card, on the other hand, is the first of its kind which enables the use of any crypto asset to make any fiat card purchase without the need to preload your fiat balance. What this means is that you can make fiat purchase with the TAP card and it automatically exchanges your crypto for fiat to pay for that purchase using its middleware exchange.
In essence, the TAP card enables you to use crypto like fiat by allowing you to make fiat purchase in any country with any crypto asset, gives fiat exchange rates at interbank rates to avoid punitive banking charges and also allows cash withdrawal with zero fees from any ATM machine.
You can watch this interview with the CEO of TAP where he gave the lowdown of the project here
For more on TAP, visit these links:
Website: http://www.tap.global/
Telegram: http://t.me/tapngoofficial
Medium: https://medium.com/@tapngo.social
Reddit: https://www.reddit.com/r/TAP_Official/
Twitter: https://twitter.com/tapofficial1