TAP Tap Global Group Plc

 
TIDMTAP 
 
2 October 2023 
 
Tap Global Group Plc 
 
("Tap" or the "Company") 
 
Agreement to Launch in the United States 
 
Partnership with US-Based Digital Infrastructure Platform Zero Hash Will Enable 
45 Million Active Cryptocurrency Users in the US to Access Tap's Solutions* 
 
Tap Global Group Plc (https://www.withtap.com/) (AQSE: TAP), the regulated 
cryptocurrency app bridging the gap between traditional finance and blockchain 
technology, is pleased to announce its intention to launch in the United States, 
via its wholly owned subsidiary Tap Americas, through a partnership with Zero 
Hash LLC (https://zerohash.com/) ("Zero Hash"), a Chicago-based B2B2C crypto 
infrastructure platform. 
 
Highlights: 
 
  · Tap will operate under Zero Hash's existing regulatory coverage in the US 
  · Tap's US users will be offered access to 24 digital assets, including BTC, 
ETH, XRP and USDC 
  · Tap's US application is expected to launch in Q4 2023 to a significant 
waiting list 
  · Launch in the US to underpin continued expansion of Tap's growing user base 
 
The US is the world's largest cryptocurrency market, estimated to account for 
48% of the global market growth between 2022 and 2027**, with 17% of all US 
adults having invested in cryptocurrencies***. As previously announced, Tap 
incorporated a US entity earlier this year but maintained a prudent approach to 
market entry given the legal complexities inherent in launching in the country, 
focusing instead on European growth, the launch of several B2B initiatives and 
the strengthening of its leadership team. 
 
Through this partnership with Zero Hash, a well-established and regulated US 
entity, the Company has now identified a pathway to launch in the US whilst 
ensuring the requisite regulatory coverage for the new US business and the 
Company as a whole. 
 
Tap has built a significant waiting list in the US, which has 45 million active 
cryptocurrency users, and the Company is now able to provide customers with 
access to 24 digital assets, including major global cryptocurrencies BTC, ETH, 
XRP and USDC. Utilising Zero Hash's building blocks of liquidity, custody, and 
settlement, Tap will be able to facilitate P2P transfers and crypto swaps, with 
users able to deposit crypto from an external wallet, withdraw crypto to an 
external wallet, and earn crypto rewards. 
 
The partnership with Zero Hash will also enable Tap to launch a fiat-to-crypto 
on-and-off-ramp later in 2023. Tap's customers will in due course be able to buy 
and sell crypto via ACH (Automated Clearing House) bank transfers. 
 
David Carr, CEO of Tap Global Group Plc, commented: 
 
"We are excited to be working with Zero Hash and to be launching Tap in the 
United States. The US is the biggest cryptocurrency market in the world but has 
also suffered from the impact of bad actors in the market. Tap will offer its 
new users a secure, regulated and innovative alternative to the platforms 
currently falling under regulatory scrutiny for their imprudent approach to the 
safety of consumers and their digital assets. 
 
In Zero Hash, we have found a well-established partner that shares our 
regulation-first approach and will be able to provide us with a platform for 
establishing a significant presence in the US. 
 
With over 200,000 registered Tap users already, the US launch, expected in Q4 
2023, will pave the way for further expansion into additional countries, 
including Canada and Australia." 
 
Edward Woodford, CEO of Zero Hash, added: 
 
"Tap has established itself as a leading money app in Europe, onboarding 
hundreds of thousands of users to the crypto economy. 
 
We are pleased that Tap has chosen to partner with Zero Hash for their expansion 
to the US, reinforcing our position as the most trusted and sophisticated B2B2C 
crypto-as-a-service infrastructure for global innovators." 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
* Zippia, 30 Striking Cryptocurrency Statistics [2023]: Market Value, Bitcoin 
Usage, and Trends 
 
** Technavio, Cryptocurrency Market by Type, Component, and Geography - Forecast 
and Analysis 2023-2027, April 2023 
 
*** Pew Research Centre Cryptocurrency Survey 2023 
 
Enquiries: 
 
Tap Global Group Plc              Via Vigo Consulting 
David Carr, Chief Executive 
Officer 
Peterhouse Capital Limited (AQSE  +44 (0)20 220 9795 
Growth Market Corporate Advisor) 
Guy Miller / Narisha 
Ragoonanthun 
Vigo Consulting (Investor         +44 (0)20 7390 0230 
Relations) 
                                  tapglobal@vigoconsulting.com 
Ben Simons / Kendall Hill / 
Peter Jacob 
 
About Tap Global Plc 
 
Tap's group of company's provide a fully regulated cryptocurrency app bridging 
the gap between traditional finance and blockchain technology. 
 
Through a single app, Tap's over 200,000 users can access several major 
cryptocurrency exchanges and, utilising Tap's proprietary Artificial 
Intelligence middleware, customers benefit from best-execution and pricing in 
real time. Through the Tap card (EU only), users can also convert their 
cryptocurrencies to fiat to spend at more than 37 million merchant locations 
worldwide. 
 
Tap is one of only a handful of unified solutions operators fully regulated to 
provide DLT services and was the first cryptocurrency FinTech company approved 
by Mastercard in Europe. 
 
Learn more: www.withtap.com 
 
About Zero Hash 
 
Zero Hash is a B2B2C embedded infrastructure platform that allows any platform 
to integrate digital assets natively into their own customer experience quickly 
and easily (a matter of API endpoints). Zero Hash's turnkey solution handles the 
entire backend complexity and regulatory licensing required to offer crypto 
products. 
 
Zero Hash Holdings, through its affiliates, powers neo-banks, broker-dealers, 
payment groups, as well as non-financial brands to offer digital asset trading 
and custody, crypto-backed rewards and round-ups programs, and the ability to 
earn crypto through staking and more. Zero Hash Holdings is backed by investors, 
including Point72 Ventures, Bain Capital Ventures, and NYCA. 
 
Zero Hash LLC is a FinCen-registered Money Service Business and a regulated 
Money Transmitter that can operate in 51 US jurisdictions. Zero Hash LLC and 
Zero Hash Liquidity Services LLC are licensed to engage in virtual currency 
business activity by the New York State Department of Financial Services. In 
Canada, Zero Hash LLC is registered as a Money Service Business with FINTRAC. 
Zero Hash Australia Pty Limited is registered with the DCE registered provider 
number 100804170-001. 
 
Learn more: www.zerohash.com 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

October 02, 2023 02:00 ET (06:00 GMT)

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