RE: Brilliant RNS.18 Dec 2024 08:31
18 december 2024
tap global group plc
("tap group" or the "company")
introduction of xtp token locking feature, uk
enhanced product offering following comprehensive regulatory review
tap global group plc (aqse: tap), the fintech company bridging the gap between
traditional finance and blockchain technology, is pleased to announce the
introduction of its xtp token locking feature for uk customers following a
comprehensive regulatory review. this is further to the commercial agreement
with tap n go that launched the xtp cashback programme, announced on 1 july
2024.
the feature allows customers to lock their xtp tokens for a 12-month period,
demonstrating their long-term commitment to the tap ecosystem while enhancing
token stability through reduced circulating supply. customers participating in
the locking programme will receive various platform benefits, including:
Β· priority customer service access
Β· reduced trading fees on cryptocurrency transactions
Β· enhanced transaction limits
Β· preferential foreign currency transaction rates
Β· rewards on tap global mastercard transactions
the introduction follows detailed regulatory analysis and legal review to ensure
compliance with uk financial promotion regulations.
****n torosian, ceo of tap global, commented:
"the relaunch of our locking feature represents another milestone in our
commitment to providing innovative, compliant crypto services. this enhancement
to our product suite allows customers to demonstrate their long-term commitment
to the tap ecosystem while enjoying enhanced platform benefits.
the uk is a very active crypto trading market and this feature makes our
platform even more attractive as we look to win over more uk customers and make
holding assets on the tap platform a compelling proposition."