The card is formally regulated by the Gibraltar Financial Services Commission under the Distributed Ledger Technology (DLT) with license No. 25532.
Tap Global's mission is to
"make crypto as easy to use as fiat currencies, empowering users to get the most out of their money. We’re passionate about creating new opportunities to transform the way you trade, move & spend your money."
The Tap Global Card is intended to be used by both new crypto investors, familiar investors, crypto adopters and globetrotters. The card has attractive functionality for each and every one of these groups.
Tap Global Card is a Mastercard, meaning that you can use the card at any point of payment that accepts Mastercard. This is of course a great advantage, seeing that Mastercard is the most widely accepted card in the world (alongside VISA).
The card has support for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Huobi Token (HT) and the card company's own native token the Tap Token (XTP).
There are three different types of Tap Global Cards: Tap Free, Tap Black and Tap Titanium. The main differences are lower fees and higher limits, if you have the Black version or - the best card of them all - the Titanium version.
What is a cashback feature? Well, it's actually quite simple, every time you use the card, a percentage of what you pay with the card gets transferred back to you, normally in the form of tokens.
To our knowledge, Tap Global Card does not currently have a cashback function.
Tap Global Card’s fees are very competitive indeed.
There are no monthly fees. There are no issuance fees. There are no minimum deposit limits. As long as you have a balance on the card, you can use it.
The most important fee of them all is the commission on spending. Tap Global Card doesn't really have a commission on spending as far as we know. Loading is also free of charge so no fees that can be equalled to commission on spending either. The only spending commission like fee is for transactions you make outside of the card's currency, where the company charges a 1.50% Foreign Exchange Charge. This is very competitive indeed.