Learning the friendly way

We are delighted to announce that Tap, your all-in-one assets and payment management platform, and Sweatcoin, the crypto and wellness app, have announced an exciting new partnership aimed at promoting people's financial health and wellbeing. This alliance not only marks the confluence of two innovative industries but is also a testament to the shared values and visions of both companies.

Tap has been at the cutting edge of the fintech industry, offering an all-in-one app for managing crypto assets, fiat on-ramp, and a Mastercard for everyday expenses. Sweatcoin, on the other hand, has been transforming the wellness space by incentivizing physical activity through its unique digital currency. This partnership is not just a sharing of synergies but an embodiment of each company’s commitment to wellness, crypto adoption, and driving the industry forward.

One of the most exciting aspects of this partnership is the reward program. Users of Sweatcoin who join Tap are eligible for rewards of up to $100 in Bitcoin. This is a unique opportunity for users to advance in their journey into the world of cryptocurrencies by simply maintaining they body and finance healthy.

Both companies have a rich history of innovation and social responsibility. Tap cutting-edge financial services are designed to make the transition between fiat and crypto seamless. Sweatcoin has been motivating people to stay active with its digital currency rewards. This partnership is a perfect example of how companies can embody each other’s values and work together towards a common goal.


Tap is making a splash in the fintech sector with its comprehensive app that facilitates crypto management, seamless conversion to fiat currency, and includes a Mastercard for daily transactions. They're deeply committed to empowering individuals to take the reins of their financial destiny. Meanwhile, Sweatcoin has been revolutionizing the wellness space by incentivizing physical activity through its unique digital currency. This alliance is not merely a combination of offerings, but a powerful collaboration that underscores both companies' dedication to all wellness, embracing cryptocurrency, and advancing the industry.

This event signifies not just the collaboration between two industry actors but is also a celebration of the shared vision for a healthier and financially inclusive world.

To hop on board this thrilling rewards train, swing by the rewards section in the Sweatcoin app.

Looking to maximize profits and minimize risk in crypto investing? These top 6 crypto investing strategies will help you manage your portfolio and navigate the markets effectively. Whether you're a new or experienced investor, understanding these cryptocurrency investment strategies is crucial. Just like stocks and bonds, crypto investments require a solid strategy tailored to your unique needs. 

Be sure to outline your investment objectives, investing style, and long-term investment strategy before getting started. Let's explore the essential strategies for navigating the dynamic crypto market.

Top cryptocurrency investment strategy

Here are the best of the best when it comes to deciding on a crypto investment strategy.

Look to liquidity

When it comes to investing in the crypto market, liquidity is crucial. Liquidity looks at how readily an asset can be converted into cash while still preserving its value. The term "liquidity" refers to whether traders can enter or exit a trade at a specific price point. Bitcoin, for example, has the greatest liquidity of any cryptocurrency in the marketplace. 

Traders must be able to enter and exit positions quickly to keep up with the volatile crypto market. This implies that there must be both supply and demand for the cryptocurrency, allowing market participants to buy at a good price while still making a profit when they choose to sell.

Trading volume and how much a cryptocurrency has recently been bought and sold for, as well as investors' overall interest in the asset, can be useful when measuring an asset's liquidity.

Embrace volatility

The crypto market is notorious for its price fluctuations, but it's also known for its downturns. Volatility in crypto may be advantageous for traders who take advantage of these price fluctuations, but it can be challenging for long-term investors.

Although cryptocurrencies are a new asset, there is still a lot of hype and speculation surrounding it, which may lead to heightened volatility. While big price swings are typically considered a hazard, day-to-day volatility is common in the cryptocurrency market and can be an opportunity to make money.

Volatility is beneficial for cryptocurrency trading, but it's vital to understand your risk tolerance as an investor before diving in. It's also critical to keep a close eye on what's going on in the market by reading news items, blockchain updates, and historical charts regarding your positions.

Crypto market 101: only invest what you can afford

Possibly the most important crypto investment strategy: the golden rule of value investing is never to invest more than you're willing to lose. If you can't afford to lose all of your cryptocurrency investment, you can't afford to take the chance of investing in that currency.

In the cryptocurrency market, when establishing your risk tolerance you need to consider how much money you make and your current risk profile. And remember, outlining your investment objectives is as important as understanding your risk tolerance when you start investing.

When building your cryptocurrency investment strategy, Yubo Ruan, CEO and founder of Parallel Finance advises: "A person new to crypto should consider around 5% of their income to the crypto market, a crypto enthusiast should look for around 10% of their income allocated to crypto, and a DeFi expert or trader should probably consider 20% or more to crypto."

Consider a dollar-cost averaging approach

Traders can also look at incorporating a dollar-cost averaging into their cryptocurrency investment strategy. This involves making small regular investments instead of diving into a lump-sum investing strategy. Ideal for a long-term investment strategy, dollar-cost averaging is a very straightforward investment strategy, used across many markets.

Instead of trying to time the market and buy at the perfect moment or lump-sum investing, you invest a fixed amount of money regularly over time. This approach allows you to buy more digital currencies when prices are low and fewer digital currencies when prices are high.

By consistently embracing dollar-cost averaging over the long term, you can potentially reduce the impact of short-term market volatility and benefit from the average price over time. It's like taking small steps forward consistently, regardless of how the market is behaving, with the goal of growing your crypto investment gradually and building wealth over the long run.

Don’t be shy to take gains regularly

According to experts, investors should take profits from their crypto investment on a regular basis. When it's time to cash out, many crypto investors are confronted with the immediate decision of whether a cryptocurrency's price will fall or rise in the coming hours/days, experts, however, advise taking profits using a solid strategy.

While hodling (buying and holding for an indefinite amount of time) is a solid investment strategy, there are other ways you can maximize your profits. Consider selling a portion of an asset when the price is high, placing the funds in a stablecoin, and then repurchasing it with those same funds when the price drops again. This crypto investing strategy allows you to sell high and buy low, without using all your holdings.

Diversification crypto investing strategy

You know the saying “Don’t put all your eggs in one basket”. Well, when it comes to your crypto portfolio (and investment strategy) this couldn’t be more true. Building a reliable and profitable portfolio will require incorporating several different coins and crypto projects. Always do your own research before investing in digital currencies and be sure to adhere to an appropriate asset allocation for your risk tolerance.

Traders might like to create variety by investing in a number of established digital currencies as well as DeFi projects, coins associated with the Internet of Things (IoT), or non-fungible tokens (NFT). Diversification allows cryptocurrency investors to invest in both low-risk and high-risk assets. Diversification is also a favourable tool when engaging in cryptocurrency trading.

Trade with confidence

Another important element to consider when plotting your crypto investment map is where to keep them. Ensure that you store your cryptocurrencies in a safe location, preferably on a regulated platform that holds insurance. 

While the markets might be down, some crypto assets have proven over the years to be high performers, so consider this a beneficial time to accumulate “low-priced” digital assets. Follow these 6 crypto investing strategies above and reap the benefits down the line.

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In today's digital age, social media platforms have become an integral part of our lives. They offer immense opportunities for networking and staying connected. However, it is crucial to exercise caution when engaging with others on social media, especially regarding financial matters. 

In this article, we will delve into the topic of identifying fake Tap accounts on social media and discuss the importance of exercising caution to protect your financial well-being.

The rise of fake accounts

With the increasing popularity of online banking and fintech services, it is not surprising that scammers are now gravitating towards social media platforms. Fake accounts and impersonating legitimate financial institutions are on the rise. 

These malicious actors intend to deceive unsuspecting individuals for their personal gain, whether it's stealing personal information, obtaining access to your financial accounts, or luring you into fraudulent schemes.

How to spot a fake Tap account

Here are four key steps to take if you suspect something fishy. 

1. Scrutinize the profile

Look out for inconsistencies in names, logos, or usernames. Authentic Tap accounts will feature the actual Tap logo and a yellow verified checkmark on Twitter. Fake accounts often use slight variations or misspellings to deceive users.

2. Verify the URL

Legitimate Tap accounts will have a clear and distinct URL associated with their official website. Before engaging with any links, downloading the app, or providing personal information, ensure that the URL matches the official Tap website. Be cautious of URLs that contain additional words or numbers, as they may indicate a fake account. 

3. Review activity

Fake Tap accounts typically have minimal activity, few followers, and a limited history of posts. Legitimate accounts, on the other hand, are likely to have a significant number of followers and regularly post relevant content.

4. Check for verified badges

Most social media platforms offer verified badges to authenticate official accounts. These badges signify that the account is genuine and can be trusted. Look out for such badges when dealing with financial institutions online.

Fake account red flags

• Tap will never ask you for sensitive information (wallet addresses, card details, personal information, etc.)
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• While Tap runs promotions, these will never entail you needing to send funds. Also note that Tap does not offer airdrops. 
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• Communication is prioritized through the app, be cautious of any communication outside of this avenue. 
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• Any communication initiated from social media accounts must be reported, the Tap team will never message you first. 
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• Tap will never contact you informing you that you need to replace your card or to make any type of investment. 

Tap’s official accounts

To stay on the safe side, below are Tap’s official accounts across the various social media platforms. 

Website: https://www.withtap.com/  

Twitter: https://twitter.com/Tap_Fintech  

Instagram: https://www.instagram.com/tap.global/ 

LinkedIn: https://www.linkedin.com/company/tapglobal/

Telegram: https://t.me/officialtapngo 

App: here is the official link to download the app on IOS & on Android.

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The importance of exercising caution online

Below we’ve outlined why it’s imperative that you remain vigilant online, not just in terms of Tap, but for all your accounts. 

Protect your personal information

Sharing personal or financial details with fake accounts can lead to identity theft, financial fraud, or unauthorized access to your accounts. Always remember that genuine financial institutions would never ask for sensitive information via social media or email. 

Prevent financial loss

Engaging with fake accounts can lead to financial loss through scams and fraudulent activities. By being vigilant and cautious, you can protect your hard-earned money from falling into the wrong hands.

Safeguard your financial future

Exercising caution on social media not only protects your current financial well-being but also ensures a secure future. By avoiding scams and fraudulent schemes, you can maintain control over your finances and make informed decisions.

Preserve your online reputation

Interacting with fake accounts can put your online reputation at risk. Scammers often trick individuals into participating in illegal activities unknowingly, which can damage your personal and professional image.

Conclusion

In the ever-evolving digital landscape, it is crucial to be aware of the presence of fake Tap accounts on social media. By familiarizing yourself with the telltale signs of fake accounts and practicing caution, you can protect yourself from falling victim to financial scams. 

Always verify the authenticity of any Tap account before sharing personal information or engaging in financial transactions. Remember, your financial safety is in your hands, and exercising caution is pivotal in safeguarding your financial well-being.

In the chronicles of cryptocurrency folklore, few events are as groundbreaking or as heartily celebrated as Bitcoin Pizza Day. This annual commemoration observed on the 22nd of May, looks back to one of the earliest real-world transactions involving Bitcoin. It's a momentous occasion that serves as a delicious reminder of the humble origins and astonishing growth of Bitcoin and the broader cryptocurrency ecosystem.

On May 18, 2010, a Florida-based programmer named Laszlo Hanyecz made a legendary post on the BitcoinTalk forum. In this post, he stated that he wanted to buy two large pizzas in exchange for 10,000 Bitcoins. He laid out his preferences for the pizza toppings and expressed his desire to have the pizzas delivered to his house, hoping to make the transaction as simple as possible​.

In a surprising turn of events, just four days later, a fellow Bitcoin enthusiast named Jeremy Sturdivant, aka "jercos," stepped up to the plate and accepted Laszlo's tasty offer. The deal was sealed, and before long, two piping-hot pizzas arrived at Laszlo's doorstep. 

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This marked the first-ever recorded real-world transaction using Bitcoin as a currency, setting a precedent for future use cases​.

Now, you might be wondering, "What's the big deal? It was just $25 worth of pizza, right?" Well, my friend, hold onto your appetites. At the time, those 10,000 Bitcoins were valued at a mere $41. But fast forward to today, and they would be worth millions! That's right, Laszlo's pizza purchase turned out to be one of the most valuable slices of all time.

The Bitcoin community cherishes this moment, not just for its historical importance, but for the staggering financial implications of the transaction. And so, every year, Bitcoin enthusiasts and crypto communities around the world come together to celebrate Bitcoin Pizza Day.

It's a time to reflect on Bitcoin's humble origins and its remarkable growth into a globally recognized asset class. We raise our forks and cheer for Laszlo, who unwittingly set in motion a revolution in the world of finance and beyond.

But Bitcoin Pizza Day isn't just about looking back; it's about looking forward too. The blockchain technology that underpins Bitcoin has evolved and found its way into various industries, from finance to supply chain management and even healthcare. 

Cryptocurrencies themselves have diversified, with thousands now available, each with its unique features and use cases. While Bitcoin was the first cryptocurrency and remains the most widely recognized and valued, the crypto landscape has blossomed since Laszlo's pizza adventure.

Laszlo Hanyecz's simple act of buying two pizzas has grown into a grand annual tradition. The power of his story lies in its illustration of Bitcoin's potential and the limitless possibilities of cryptocurrency. This tale is often shared with newcomers to the crypto space, serving as a poignant reminder of Bitcoin's transformative journey and its potential for future growth.

Bitcoin Pizza Day serves as a reminder of how far we've come and a celebration of the potential yet to be realized. It's a testament to the power of a community and the revolutionary potential of a good idea. As we chow down on our own slices this Bitcoin Pizza Day, let's raise a slice to Hanyecz, to Bitcoin, and to the incredible journey of cryptocurrencies.

To learn more about the history of Bitcoin, you can explore the original Bitcoin whitepaper published by Satoshi Nakamoto in 2008. If you're new to the crypto space and want to understand more about blockchain technology, this comprehensive guide is a great place to start.

Happy Bitcoin Pizza Day to all! 🍕 May your celebrations be filled with joy, laughter, and, of course, lots of tasty slices. Cheers to many more slices of history yet to be made!

‍Tap Global Group Plc (AQSE: TAP), the regulated cryptocurrency app bridging the gap between traditional finance and blockchain technology, announces that is ceasing new UK based customer onboarding until completion of a review to fully comply with the Financial Conduct Authority (FCA) Regime of Financial Promotions, which will be introduced on the 8^th October 2023.  

In addition, Tap has been conducting a detailed review of its existing client base to assess whether clients are investment professionals or certified sophisticated investors that it may be permitted to continue to engage with in respect of the continued offer of its cryptoasset services that constitute regulated cryptoasset promotions.

Tap is fully committed to ensuring customers benefit from the assurance that Tap’s services are being delivered within a fully regulated, compliant environment and in accordance with best practice regulatory standards and requirements. Tap is reviewing all marketing, onboarding, customer protection and suitability assessments to ensure there is full adherence with the FCA Financial Promotion Regime.  

In addition, Tap is partnering with an FCA authorised firm to review and approve all relevant marketing material and onboarding processes to further validate a compliance first approach to the services offered to Tap customers.  

Tap will continue to provide further updates and advise UK customers when services are ready to be resumed.        

About Tap Global PLC

Tap’s group of company’s provides a fully regulated cryptocurrency app bridging the gap between traditional finance and blockchain technology. Tap Global Limited is regulated by the Gibraltar Financial Services Commission, as a distributed ledger technology (“DLT”) service provider.  

Through a single app, Tap’s over 200,000 users can access several major cryptocurrency exchanges and, utilising Tap’s proprietary Artificial Intelligence middleware, customers benefit from best-execution and pricing in real time. Through the Tap card, users can also convert their cryptocurrencies to fiat to spend at more than 37 million merchant locations worldwide.  

Tap is one of only a handful of unified solutions operators fully regulated to provide DLT services and was the first cryptocurrency FinTech company approved by Mastercard in Europe.  

Learn more: www.withtap.com  

Any questions regarding this document or application of any law, rule or regulation can be referred to us via email at Compliance@tap.global.

It’s safe to say that most people using online payment methods are familiar with PayPal. Known for its swift and seamless transactions, the nature of PayPal is appreciated by millions. Taking things one step further, the payment platform has launched a Friends and Family function to make payments even more simple.

In this guide we’re divulging the details of the new function, exploring how it works and the fees they charge. We’ll also take a look at how Tap can help you take this one step further. After all, who doesn’t want to know a more convenient and secure way to send money to your loved ones?

How does the PayPal Friends and Family feature work?

The PayPal Friends and Family feature works by enabling users to send money to their friends and family without any fees. 

According to the website, users need to have a PayPal account and select the "Send Money" option when wanting to make use of the function. Then, choose the "Sending to a friend " option, entering the recipient's email or phone number, and the payment amount. 

Once confirmed, the funds are transferred securely, and the recipient can receive the money in their PayPal account. It's a straightforward and convenient way to share money with loved ones, making transactions fee-free (if conducted with GBP) and creating a closer connection within your inner circle.

Note that the transactions are only fee-free if they are done without a currency conversion and you use your bank account or PayPal balance. If you execute the transaction using a debit or credit card or to another currency, a fee will be applicable (see below). 

PayPal’s Friends and Family vs. Goods and Services

When using PayPal, it's important to know the differences between PayPal's Friends and Family feature and the Goods and Services feature.

Friends and Family is best for casual, non-commercial transactions, like sending money to family or splitting the bill with friends, as it's mostly fee-free. However, it lacks buyer and seller protections. 

Goods and Services, on the other hand, is for commercial transactions, offering added security, buyer protection, and seller protection. These payments are subject to a fee, incurred by the seller of the item you’re purchasing. 

The pros and cons of using PayPal Friends and Family

The advantages of using the feature

Firstly, fee-free transactions make it an economical choice for sending money to loved ones or splitting expenses with friends. The Friends and Family feature allows users to save on unnecessary fees, maximising the value of their transfers. 

Secondly, PayPal ensures enhanced security measures, safeguarding users' transactions through encryption and fraud prevention tools. This instils confidence in users, knowing their funds are protected from unauthorised access. 

Lastly, the convenience and speed of PayPal Friends and Family make it an attractive option for quick and seamless money transfers, ensuring that recipients receive the funds promptly. 

The limitations of the feature

While PayPal Friends and Family offers numerous benefits, it also has certain limitations and requires responsible use. 

Firstly, it's important to be aware of the restrictions on payment types allowed in Friends and Family transactions, as certain purchases, such as for goods or services, should be conducted through the Goods and Services option for added protection. Using PayPal Friends and Family for business-related transactions violates PayPal's terms of service, potentially leading to account limitations. 

Secondly, following best practices ensures secure transactions, such as only sending money to people you trust, verifying recipient information, and keeping communication open. 

As mentioned above, it’s important to note that when sending funds to friends and family in other currencies there are fees involved. This fee is 5% of the amount being sent (a minimum of £0.99 and a maximum of £2.99). Then, there’s an additional 3% charge on the currency exchange that senders are liable for. We explore these fees in a comparison table below, using a clear example. 

Tap’s money transfer solution

Tap is a fully regulated fintech platform, offering a similar money-sending service, streamlining the process of converting currency and sending funds abroad. From the app, these funds can be sent to any bank account, whether an individual, a municipality bill, or a business account. 

Whether you’re sending funds to a friend overseas for their birthday or paying an electricity bill from your holiday villa, Tap provides a secure and fool-proof transfer option. 

When your transaction involves a change in currency or external bank account, there will be a small charge determined by the account that the sender holds. Note that at Tap there are several tiered accounts, ranging from Essential to Prestige. You can learn more about the Tap accounts and how they work here. 

Based on the account options, the following fees will be incurred when sending money to an outside bank account (i.e. a non-Tap user) and completing the currency conversion:

Essential: €2.00 (+ exchange markup of 1.99%)

Plus: €1.50 (+ exchange markup of 1.49%)

Prime: €1.00 (+ exchange markup of 0.99%)

Premier: €0.75 (+ exchange markup of 0.75%)

Platinum: €0.50 (+ exchange markup of 0.5%)

Prestige: €0.25 (+ exchange markup of 0.25%)

Sending money abroad fee comparison: PayPal vs Tap 

Taking these fees into account, let’s compare expenses of sending funds from one platform to another friend’s bank account (note that all transactions between Tap users are free, so if your friend has a Tap account you can wave the initial row). 

*Please note that these prices are based on current exchange rates and may differ. The original fee structure is worked out in EUR, so to make this table easier to understand we have converted the fee to GBP for you. 

Tap2Tap payment solution

With the Tap2Tap feature, you can enjoy fee-free and limitless money transfers, offering instant and secure transactions without any restrictions. The real-time payment network supports both crypto and fiat currencies, that’s GBP, EUR, USD, and 40+ cryptocurrencies. All you need to do is have a positive balance and the recipient must simply have an account. 

For example:

Say you want to send ￡50 to your mom for Mother’s Day. If you both have Tap accounts, this transaction is free of charge. You simply need to have the available balance and execute the transaction using the Tap2Tap feature. 

If your mom lived outside the country and required a different currency, Euros for example, you can still send her the money incurring a small fee (mentioned above). This fee structure is determined by the Tap account that you have (outlined above). 

How to use the Tap2Tap feature

Making use of Tap’s free transactions is easy. All you need to do is create an account and load the currencies you wish to use. In order to send the instant payments, the recipient of the funds must also have a Tap account. 

In order to open a Tap account, you and your recipient will need to:

1. Download the Tap app
2. Create an account
3. Complete the KYC identity verification process

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You will then need to load your account with EUR or GBP, or one of the over 40 different cryptocurrencies. Then simply open the wallet you wish to transfer the funds of, select Send, and choose the relevant option. 

Final thoughts

In conclusion, PayPal Friends and Family provides a convenient way to send money to loved ones, but it's essential to be aware of the associated fees and limitations. While it offers fee-free transactions within the UK, international transfers and debit/credit card payments incur charges. Additionally, the lack of buyer and seller protections makes it best suited for casual, non-commercial transactions. 

To take money transfers to the next level, Tap offers fee-free and limitless transactions within the same currency to other Tap users. It also provides an efficient and cost-effective solution to sending money abroad. By making informed choices and utilising the Tap app, users can enjoy seamless and economical money transfers.

References:

1. PayPal: What's the difference between Friends and Family or Goods and Services
2. PayPal fees
3. Tap Connect Network, please read alongside the Terms and Conditions
4. Tap account options
5. All of the above is subject to customers’ passing an identity verification process.