Tap Global Prepares for US Launch

Published 7 months ago

Tap Global Group Plc, a regulated cryptocurrency app that connects traditional finance and blockchain technology, has announced plans to launch in the United States. The move comes through a partnership with Zero Hash LLC, a Chicago-based crypto infrastructure platform.

US: The Largest Cryptocurrency Market

The United States holds the title of the world’s largest cryptocurrency market. It’s projected to account for 48% of the global market’s growth between 2022 and 2027. Furthermore, 17% of all US adults have invested in cryptocurrencies.

Despite incorporating a US entity earlier this year, Tap Global adopted a cautious approach to entering the US market due to its legal complexities. The company instead concentrated on European growth, launching several B2B initiatives, and bolstering its leadership team.

The Partnership with Zero Hash LLC

Zero Hash, as a regulated US entity, provides Tap Global with a feasible route to launch in the US while ensuring appropriate regulatory coverage for the new US business. Tap Global has already amassed a substantial waiting list in the US, a country with 45 million active cryptocurrency users.

The company will soon offer customers access to 24 digital assets, including major global cryptocurrencies such as BTC, ETH, XRP, and USDC. Using Zero Hash’s liquidity, custody, and settlement building blocks, Tap Global will be able to facilitate P2P transfers and crypto swaps.

Future Plans for Tap Global

Users will be able to deposit crypto from an external wallet, withdraw crypto to an external wallet, and earn crypto rewards. Tap Global also intends to launch a fiat-to-crypto on-and-off-ramp later in 2023, allowing customers to buy and sell crypto via ACH bank transfers.

The US launch is expected to take place in Q4 2023 and will set the stage for future expansion into other countries, including Canada and Australia. The partnership with Zero Hash reinforces Tap Global’s commitment to a regulation-first approach and its goal of becoming a significant presence in the US.

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