Equals Group PLC Partnership with Tap Global (6042Q)
01 Marzo 2021 - 1:00AM
UK Regulatory
TIDMEQLS
RNS Number : 6042Q
Equals Group PLC
01 March 2021
For immediate release 1 March 2021
Equals Group plc
('Equals' or the 'Group')
Partnership with Tap Global to provide Crypto Currency
liquidity
Equals (AIM:EQLS) , the technology-led international payments
group focused on the SME marketplace, is delighted to announce a
partnership with Tap Global Limited ('Tap') to provide crypto
currency exchange services to both its B2B and B2C customer
bases.
Equals' strategy is to provide multiple payment services across
all currencies in a simple, accessible platform. Historically, the
available curencies have been limited to 'Fiat' currencies (those
backed by governments) but with the increasing recent adoption of
crypto as an asset class, the Group has now created the capability
for its customers to trade into and out of crypto currencies versus
fiat currencies. This capability is intended to become part of a
wider strategy which would include crypto and decentralised finance
(DeFi) for the Group. Further updates on the Group's positioning in
this fast-moving space will be provided when appropriate.
Equals has selected Tap as its first partner, a Gibraltar
registered company that is fully regulated by the Gibraltar
Financial Services Commission and holds the 'distributed ledger
technology' (DLT) licence. The agreement will initially be on a
referral basis, allowing the Group's customer base to interreact
directly with Tap. In the near future Equals plans to enhance the
connectivity of its independent platforms, leading to an enhanced
and seamless cutomer experience.
Ian Strafford Taylor, CEO of Equals, said: "Equals exists to
make cross-currency payments easier and cheaper for its customers
whilst adhering to the highest levels of compliance and risk
control. It is now a logical step for the Group to add a capability
to allow our clients to convert into and out of crypto currencies
against the fiat currencies. The tie-up with Tap, a regulated and
well-accredited partner, allows us to offer just such a service,
which provides crypto currency liquidty. We look forward to further
positive developments within our digital offering."
David Carr, Co-Founder and COO of Tap, said: "Tap, like Equals,
has the user experience at the top of our agenda. The Tap products
and services can add an additional dimension to the Equals user
base. Ehnanced future co-operation will only increase the
inter-operability of both independent platforms."
- Ends -
For more information, please contact:
Equals Group plc
Ian Strafford-Taylor, CEO Tel: +44 (0) 20 7778
Richard Cooper, CFO 9308
www.equalsplc.com
Cenkos Securities plc (Nominated Advisor
/ Joint Broker)
Max Hartley / Callum Davidson Tel: +44 (0) 20 7397
Nick Searle (Sales) 8900
Canaccord Genuity (Joint Broker)
Bobbie Hilliam / David Tyrell Tel: +44 (0) 20 7523
Alex Aylen (Sales) 8150
Buchanan (Financial Communications)
Henry Harrison-Topham / Steph Watson Tel: +44 (0) 20 7466
/ Toto Berger 5000
equals@buchanan.uk.com www.buchanan.uk.com
Notes to Editors:
Equals Group is a technology-led international payments group
augmented by highly personalised service for the payment needs of
SME's whether these be FX, card payments or via Faster Payments.
Founded in 2007, the Group listed on AIM in 2014 and currently
employs around 250 staff across sites in London and Chester. For
more information, please visit www.equalsplc.com .
Tap Global Limited provides the Tap App which allows real time
multi exchange trading of Digital Assets such as Bitcoin, Ethereum
and Litecoin. The Tap middleware platform has the ability to scan
multiple order books in eal time to find the "Best Price" of the
chosen pair and present the buy option back to the user. Tap is
registered in Gibraltar with company number 118724 and is licensed
and regulated by the Gibraltar Financial Services Commission under
the Distributed Ledger Technology (DLT) with license No. 25532 For
more information, please visit www.tap.global
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END
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