It's hard to look for the bright side lately with what can only be seen as a horrible month, hell, a horrible year for the crypto industry it's scary to think a year ago everyone had their eye on 1 billion dollars as the overall crypto market cap and now... let's just say everyone just hoping for the bleeding to stop. While most of us are sitting around wondering who's still selling at these horrible prices, others like the team from TAP are trying to figure out how to fix the real problem behind the overall crypto market, namely... It's Hard.
When I say it's hard I'm referring to crypto as a whole whether your a bitcoin cash fan or a native bitcoin fan, or ethereum you name it every coin suffers inherently from the same problem even if we take for granted that the older generation won't use crypto ever, hell most of them can't use email or a smartphone in some cases. The fact is even the younger generation and those raised on social media and the internet can't really make heads or tails of Cryptocurrency and blockchain as a whole. The reason is crypto takes all the best parts of the internet wraps them in a layer of security that sounds and looks great to every engineer, sprinkles on a bit of the stock market and asset market and what your left with is something that as I said, our non-IT Engineering friends could barely understand.
The concept has always been simple, Crypto = Digital Currency, well at least before Ethereum and the likes added smart contracts and so much more possibilities. Which don't get me wrong is all great but it does nothing for making Nano or Ripple the next USD / EUR currency. There are groups all over that have realized this mostly smaller teams that are less focused on big revolutionary and next generation crypto and more on battling the real-life adoptability of crypto. Projects in the US like coinbase took a step towards accessibility by making it easy for people in the US to buy and sell crypto... from coinbase. The problem many realized is that there was a huge price for that ease of use, they were locked into that 1 market rate that coinbase chose. While more exchanges have started to offer USDT and other stable coins and accept and give FIAT. The fact is your still tied to that exchange, which in the end limits your options for purchases and limits your options to find the best price.
The team from TAP thought there had to be a better way, with nearly endless volume available on centralized exchanges, but it remains fragmented some coins available on some exchanges and not on others, an ever shifting balance of which exchange offers the best rate. TAP seeks to offer a global view of the crypto market rates tieing together many of the largest exchanges into a single point of reference. Allowing the average user to complete a single KYC to maintain regulatory compliance, and then TAP acts as the middle man handling purchases via their mobile app, completing purchases and sales for whatever crypto you want at the best possible market rate from whichever exchange happens to be the best at that moment.
By removing much of the guess work from Crypto purchasing it should give a bit of peace of mind to people who are entering the market. After that anxiety is lifted theirs the next big worry most new entries to the Crypto space have, one that even my wife continues to ask me. "So you've got your fancy internet money now what"... Well for that TAP has an answer that harks back to the earlier days of crypto and one of the most available fiat methods of payment, plastic. Yep cold flexible plastic, the debit card, the team behind TAP are working to bring an assortment of Crypto FIAT cards to market dubbed... you probably guessed it the TAP cards. With these cards backed by multi-exchange liquidity, it will allow the team to sell off crypto as needed and allow you to use your crypto via debit card like it was any standard debit card wherever debit cards are accepted.
It's not a silver bullet to solve all of crypto's issues, I doubt it will be the thing that stops the bleeding in the market, that will take time and lots of people working together to improve the overall view of the Crypto and Blockchain space. But projects like TAP give me hope that maybe our early adoptor investments in crypto isn't for nothing, because some people realize the thing we really need now is adoption. Not by IT Engineers or Marketers, but by average people and average companies who want to break free from their dependance on country's controlling their underlying financial value.
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