TAP is a suite of services in application: users can access a secure wallet, trade, and transact. While TAP offers a lot of convenience by offering an umbrella of services in one platform, its greatest utility is the provision of a payment system for cryptocurrency holders.
TAP’s ability to facilitate real-world payments are done through an intuitive protocol. While the concept is simple, the technology providing the service is complex. TAP provides users with a wallet; whenever users want to transact their holding, the highest bid on the largest cryptocurrency exchanges is filled to instantly access fiat for the merchant. While TAP is not the first card provider to the crypto-community, it is providing the most advanced and community-centric service.
TAP vs Crypterium
Crypterium began its ICO over a year ago and raised over $50 million to develop a cryptocurrency bank. However, the major portion of its development has, so far, been on the provision of a digital payment card. While Cryptereium’s digital payment card has seen considerable adoption, TAP’s offering is easily the next generation payment card for cryptocurrency holders.
Cards: Despite launching its ICO over a year ago, Crypterium’s card offering remains digital. The project still has no clear deadlines on the roll-out of its physical payment cards. Thus, Crypterium users can only transact crypto at locations that accept payment Apple, Android, or Samsung Pay.
On the other hand, TAP will be launching with its physical cards ready-to-go. This allows TAP users to be able to transact at far more locations as point-of-sale systems that can support payment cards greatly outnumber those that support digital payment services like Apple, Android, or Samsung Pay. Thus, TAP users will be able to spend their cryptocurrency at not only all the places Crypterium’s users can,