Bitfinex Offers Crypto Cards-as-a-Service Product from Tap Global

Bitfinex Offers Crypto Cards-as-a-Service Product from Tap Global

Bitfinex,one of the leading crypto exchanges, has become the first client for Tap Global and its newest Cards-as-a-Service (CaaS) platform. With the latest B2B product,companies can offer their clients prepaid debit cards to enhance their offerings.

Tap Global Partners withBitfinex

Accordingto Tuesday’s press release, Tap Global is a publicly listed (AQSE:TAP) providerof a crypto app connecting the world of blockchain technology and traditionalfinance. The CaaS platform, based on a partnership with Mastercard, is thecompany’s latest product, and Bitfinex customers will be the first to takeadvantage of its capabilities.

“Weare excited to add this B2B Product to Tap’s offering and look forward tosupporting innovative businesses such as Bitfinex in providing their clientswith financial flexibility to seamlessly convert and spend cryptocurrencyassets without hindrance from the traditional banking system,” David Carr, the Chief Executive Officer of Tap, said.

As a firststep, the card will be available to European Bitfinex customers. Using Tap’s infrastructure and regulatory approvals, the customers will be able toexchange cryptocurrencies for euros and transfer them to the prepaid card.

The productwill carry the Bitinex branding, but Tap provides all related services. Thecompany will also charge monthly fees associated with using the card.

“Tapis not a simple ‘buy crypto’ app, focused solely on individual users. It is ourambition to be one of the world’s leading FinTech companies, and this product isan example of our significant and growing business-focused offering,” Carradded.

Bitfinex Starts a NewPartnership and Expands Global Presence

Bitfinex recentlyannounced enabling real-time Single Euro Payments Area (SEPA) payments on theplatform with its latest partnership with the fiat on-ramp services provider, OpenPayd. SEPA allows instant euro-denominated deposits and withdrawals.

“Thiscollaboration forms part of our continued efforts to provide a premium customerservice experience to our growing user base,” Bitfinex’s CTO, Paolo Ardoino,commented.

In themeantime, the company announced the expansion of its presence in the digitalassets industry through the launch of a new trading product in Kazakhstan. DubbedBlockstream Mining Note (BMN), it allows investors to expand their exposure tothe Bitcoin mining industry. BMN aims to increase efficiency and reduce cost bypackaging mining operations in a tradable crypto token.

Watch the recent FMLS22 panel on forex and crypto industry trends in 2023.

Bitfinex IsOne of the Oldest Companies in the Industry

The cryptocurrencyexchange Bitfinex has been present in the market for more than 11 years, since 2012. During this time, it had to deal with a high-profile hacking attack back in 2016. The funds still remain for the most part unrecovered. However, by February 2022, the enforcement bodies successfully recovered$3.6 billion of the stolen funds.

Despite sucha severe security breach, the exchange has managed to maintain consumerconfidence and stay true to its values. According to the exchange’srepresentatives, these are the main reasons why Bitfinex is still one of themost popular cryptocurrency platforms in the world.

“Inour industry, Bitfinex is one of the oldest companies and one of the largest byexchange-traded volume, but we are also one of the smallest by headcount, andwe have a very strong culture underpinned by our values,” the company said.

Bitfinex,one of the leading crypto exchanges, has become the first client for Tap Global and its newest Cards-as-a-Service (CaaS) platform. With the latest B2B product,companies can offer their clients prepaid debit cards to enhance their offerings.

Tap Global Partners withBitfinex

Accordingto Tuesday’s press release, Tap Global is a publicly listed (AQSE:TAP) providerof a crypto app connecting the world of blockchain technology and traditionalfinance. The CaaS platform, based on a partnership with Mastercard, is thecompany’s latest product, and Bitfinex customers will be the first to takeadvantage of its capabilities.

“Weare excited to add this B2B Product to Tap’s offering and look forward tosupporting innovative businesses such as Bitfinex in providing their clientswith financial flexibility to seamlessly convert and spend cryptocurrencyassets without hindrance from the traditional banking system,” David Carr, the Chief Executive Officer of Tap, said.

As a firststep, the card will be available to European Bitfinex customers. Using Tap’s infrastructure and regulatory approvals, the customers will be able toexchange cryptocurrencies for euros and transfer them to the prepaid card.

The productwill carry the Bitinex branding, but Tap provides all related services. Thecompany will also charge monthly fees associated with using the card.

“Tapis not a simple ‘buy crypto’ app, focused solely on individual users. It is ourambition to be one of the world’s leading FinTech companies, and this product isan example of our significant and growing business-focused offering,” Carradded.

Bitfinex Starts a NewPartnership and Expands Global Presence

Bitfinex recentlyannounced enabling real-time Single Euro Payments Area (SEPA) payments on theplatform with its latest partnership with the fiat on-ramp services provider, OpenPayd. SEPA allows instant euro-denominated deposits and withdrawals.

“Thiscollaboration forms part of our continued efforts to provide a premium customerservice experience to our growing user base,” Bitfinex’s CTO, Paolo Ardoino,commented.

In themeantime, the company announced the expansion of its presence in the digitalassets industry through the launch of a new trading product in Kazakhstan. DubbedBlockstream Mining Note (BMN), it allows investors to expand their exposure tothe Bitcoin mining industry. BMN aims to increase efficiency and reduce cost bypackaging mining operations in a tradable crypto token.

Watch the recent FMLS22 panel on forex and crypto industry trends in 2023.

Bitfinex IsOne of the Oldest Companies in the Industry

The cryptocurrencyexchange Bitfinex has been present in the market for more than 11 years, since 2012. During this time, it had to deal with a high-profile hacking attack back in 2016. The funds still remain for the most part unrecovered. However, by February 2022, the enforcement bodies successfully recovered$3.6 billion of the stolen funds.

Despite sucha severe security breach, the exchange has managed to maintain consumerconfidence and stay true to its values. According to the exchange’srepresentatives, these are the main reasons why Bitfinex is still one of themost popular cryptocurrency platforms in the world.

“Inour industry, Bitfinex is one of the oldest companies and one of the largest byexchange-traded volume, but we are also one of the smallest by headcount, andwe have a very strong culture underpinned by our values,” the company said.

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