UK-based cryptocurrency app Tap Global is partnering with Chicago-based B2B2C cryptocurrency infrastructure platform Zero Hash to enter the US market, overcoming regulatory challenges.
Facts
- Tap Global is teaming up with Zero Hash to facilitate its entry into the US market, ensuring necessary regulatory compliance.
- Despite previously establishing a US entity, Tap Global is proceeding cautiously due to the legal complexities of launching in the US.
- Tap Global plans to leverage Zero Hash’s regulatory support and infrastructure, including liquidity, custody, and settlement solutions, through its subsidiary Tap Americas.
- David Carr, CEO of Tap Global Group, praises Zero Hash for sharing their regulation-first approach and anticipates a significant presence for the app in the US.
- Tap Global aims to launch in the US in Q4 2023, offering services like P2P transfers, swaps, and cryptocurrency rewards.
- In the future, they plan to offer fiat-to-crypto on-and-off-ramp services, enabling users to buy and sell cryptocurrencies via bank transfers.
- Tap Global also has aspirations to expand to Canada and Australia.
