Bitfinex,
one of the leading crypto exchanges, has become the first client for Tap Global’s
newest Cards-as-a-Service (CaaS) platform. With the latest B2B product,
companies can offer their clients prepaid debit cards to enhance their offerings.
According
to Tuesday’s press release, Tap Global is a publicly listed (AQSE:TAP) provider
of a crypto app connecting the world of blockchain technology and traditional
finance. The CaaS platform, based on partnership with Mastercard, is the
company’s latest product, and Bitfinex customers will be the first to take
advantage of its capabilities
“We
are excited to add this B2B Product to Tap’s offering and look forward to
supporting innovative businesses such as Bitfinex in providing their clients
with financial flexibility to seamlessly convert and spend cryptocurrency
assets without hindrance from the traditional banking system,” David Carr,
Chief Executive Officer of Tap, said.
As a first
step, the card will be available to European Bitfinex customers. Using the
infrastructure and regulatory approvals that Tap has, they will be able to
exchange cryptocurrencies for euros and transfer them to the prepaid card.
The product
will carry the Bitinex branding, but Tap provides all related services. The
company will also charge monthly fees associated with using the card.
“Tap
is not a simple ‘buy crypto’ app, focused solely on individual users. It is…
