Money talks, wealth whispers. In the age of flashy displays of wealth and conspicuous consumption, a new trend has emerged that challenges our conventional notions of showcasing financial success. Stealth wealth, as it is commonly referred to, goes beyond the idea of being frugal and understated. It involves consciously avoiding overt displays of money while still enjoying the benefits of financial prosperity. 

In this article, we'll explore what stealth wealth is, how it manifests itself, and why it has become a growing phenomenon. The idea of stealth wealth can assist you in saving more money, making smarter investments, and cutting down on spending.

What is stealth wealth?

Stealth wealth is essentially the art of living a life of financial prosperity without drawing too much attention to it. It's about keeping a low profile even if you have the means to indulge in extravagant displays of wealth. Picture someone who drives a modest car, lives in a modest house, and dresses in an unassuming manner, despite being financially well-off. It's a deliberate choice to prioritize financial security and freedom over materialistic shows of opulence.

What does stealth wealth look like?

A person practicing stealth wealth focuses on essentials rather than indulging in conspicuous luxury. They lead a simple lifestyle and prioritize experiences and personal growth over material possessions

Stealth wealth enthusiasts carefully manage their finances, prioritizing long-term financial goals such as retirement savings, investments, and building wealth rather than spending lavishly on temporary gratification.

They might enjoy certain luxuries but do so in a discreet manner. For example, they may splurge on a nice vacation, but won't go out of their way to flaunt it on social media or discuss it in conversations.

Instead of trying to impress others with material possessions, stealth wealth embraces the importance of genuine relationships and connections. They focus on building meaningful connections, fostering friendships, and helping others in unique ways.

Why is stealth wealth an up-and-coming trend?

More and more people are recognizing the importance of financial independence. By adopting a stealth wealth lifestyle, individuals can accumulate wealth without the pressure to maintain an extravagant lifestyle, allowing them to have greater control over their financial future.

The rise of social media and the desire for privacy have made people rethink their approach to displaying wealth. Stealth wealth allows individuals to keep a lower profile, avoiding unnecessary attention and potentially increasing security.

As society becomes more conscious of overconsumption, and materialism, many individuals are reevaluating their own values and priorities. Stealth wealth aligns with the desire for a simpler and less materialistic approach to life.

Traditional markers of success, such as fancy cars or designer clothing, are being questioned. People are starting to realize that true success lies in financial security, personal fulfillment, and the ability to live life on one's own terms.

In conclusion

Stealth wealth is a rising trend that challenges our societal norms of displaying wealth. It's about finding a balance between financial prosperity and leading a modest, understated lifestyle. By prioritizing financial independence, privacy, and personal values, individuals embracing stealth wealth are redefining what it means to be successful. 

So, if you find yourself drawn to the idea of a more discreet and restrained approach to wealth, consider joining the ranks of the stealthy and prosperous.

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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.

Whether you’re part of the big screen brigade or prefer to use a smartphone, if you’re looking for a way to add the British unit of currency (£) to your documents, emails, or messages, look no further. In this useful guide, we'll walk you through the simple steps to quickly insert the pound symbol on your relevant device: Mac, PC, or smartphone.

But first, if you need to send pounds overseas, Tap, a regulated and reliable fintech platform, has got you covered with low fees and excellent exchange rates. Send funds from anywhere to anywhere, and for free between Tap users. Simply load either GBP or Euro onto the app and seamlessly send, spend or exchange your funds wherever you are.

Where did the British Pound sign come from?

The British Pound Sterling, symbol £, boasts a rich history dating back over 1,200 years. It began as a weight of silver in Anglo-Saxon England and became the official currency in 1694 under William III. 

With the growth of the British Empire, it gained global prominence. Despite challenges such as wartime disruptions and the 1967 devaluation, it remained strong. The pound left the gold standard in 1971. Through shifts like Brexit, it endures as a significant global currency, shaped by the UK's economic journey and historical impact on finance and trade.

According to the Bank of England, the symbol originates from the letter L, which is the first letter of the Latin word for 'libra', meaning a pound of money. Although the exact time when the horizontal line was added is uncertain, it can be traced back to a 1660 cheque in the Bank of England's collection.

Typically, the British pound sign is placed before the number. So, if you want to write ten pounds, it would be represented as £10. Fun fact: in 1970 a new £20 banknote featuring William Shakespeare was issued by the Bank of England sparking the tradition of including characters that have shaped the country on coins and notes.

Simple ways to insert £ into a document

Now that we're familiar with the British pound sign, let's delve into how to type it on both Mac and PC keyboards, as well as a smartphone.

For Mac users

If you're using a Mac, the quickest way is to use a keyboard shortcut. Simply hold down

the Shift key (Option key on US keyboards) and simultaneously press the number 3.

For Windows users

On a Windows PC or laptop, you can use the same shortcut. Hold down the Shift key and press the number 3, which is usually located on the top row of your keyboard. However, if you're using a full keyboard with a number pad, it may be positioned to the side.

To make things even easier, some keyboards have the £ symbol printed above the number 3 key, providing a visual reminder. Just keep in mind that American keyboards may not include the British pound sign.

If you prefer a simpler method, you can always copy and paste the pound symbol from here: £

For smartphone users

Now, let's move on to inserting the British pound sign on your mobile device, whether it's an iOS or Android.

Using your smartphone or tablet, simply switch to the numbers and symbols keyboard on your device, and you'll find the £ symbol as one of the character options. In case you can't locate it, try long-pressing the dollar sign ($) to access more currency symbols.

Keyboard-free? No problem

What if you don't have access to a keyboard? Don't worry! There's a way to insert the British pound sign in popular word processors without typing.

If you're using applications like Microsoft Word or Google Docs, follow these steps:

1. In Microsoft Word, go to the "Insert" tab at the top and select "Symbol." In Google Docs, choose "Special Characters" from the drop-down menu.

2. Look for the pound symbol (£) in the list of characters. In Google Docs, you may need to select "Symbol" first and then navigate to the "Currency" category.

3. Click on the pound symbol to insert it into your document.

That's all there is to it! Now you know how to effortlessly type the British pound sign (£) on your Mac, PC, or mobile device. Feel free to use these methods whenever you need to add this symbol to your content.

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Hey Tapper! 🎉

We've hit a milestone that we couldn't have dreamed of when we started this wild fintech adventure. We've reached the dizzying heights of 200,000 users, and we're still climbing!  To put this in perspective, that's roughly the population of a small city. If only we could host a city-wide party with virtual confetti and digital fireworks – that would be something, right?

This incredible journey hasn't been a solo expedition. It's been a collaborative and thrilling adventure filled with talented professionals, a supportive community, and a pinch of good old-fashioned fintech humor (yes, that's a thing). We wanted to take a moment to share our heartfelt gratitude and a peek behind the scenes of how we got here.

The Dream Team‍

To begin, let's shine a light on the incredible individuals who work tirelessly behind the scenes – our talented team. Think of us as the Avengers of the fintech world (minus the capes, of course). Our journey started with a small but mighty group of financial enthusiasts. Picture us gathered around a conference table, armed with laptops and spreadsheets, brainstorming ideas that would transform the financial landscape.

Our engineers are wizards with lines of code, turning dreams into reality faster than you can say "crypto." Our designers are artists, making your digital experience a masterpiece. And our customer support team? Well, they're the real superheroes, dealing with every question, concern, and the occasional squirrel jumping in the office (yes, it happened 🐿️) with grace and humor.

To our team, we say this: Thank you for your unwavering dedication, your late-night coding sessions, your creative genius, and your limitless passion for making our vision of managing finance come to life. We couldn't have done it without you – not even close!

Our Community: The Wind Beneath Our Digital Wings‍

As we embarked on this journey, we stumbled upon something incredible – a community of users who believed in our vision as much as we did. They were the wind beneath our digital wings, the driving force that kept us going when the spreadsheets threatened to overwhelm us. From the first user who trusted us with their financial transactions to our 200,000th user who just joined the party, you've made this adventure worthwhile. 🙌

We've seen you share your success stories, engage in lively discussions on our social platforms, and even send us the occasional meme that made us snort coffee through our noses. Your feedback has been priceless, and your support has been our fuel when the fintech rollercoaster took a wild turn🎢 (trust us, it's been quite the ride).
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But here's the deal about fintech: it's not all about numbers and algorithms. It's about people, dreams, and the shared pursuit of financial freedom. So, as we celebrate this milestone, we also want to raise a digital cup to you, our amazing community.

Thank you for your trust, your patience, your loyalty, and your sense of humor. You've made this journey feel like a joyful adventure with friends.  

The Future: Buckle Up, There's More to Come‍

As we celebrate this incredible milestone, we want you to know that we're just getting started. We've got big plans, crazy ideas, and enough determination to make Elon Musk jealous (just kidding, Elon, we love your rockets). We're committed to improving your financial lives, one digital transaction at a time.

So, what's next? More features, a fresh app design, more innovation, and more reasons for you to smile while managing your finances. Because, let's face it, finances can be stressful, but with a dash of humor and a supportive community by your side, it becomes a thrilling adventure.

In closing, thank you, dear users and supporters, for being the heart and soul of our fintech journey. Here's to 200,000 users and beyond – we can't wait to see where the next part of this adventure takes us. Until then, keep those financial dreams alive and your digital wallets handy. We're here to make it all a little bit easier, a lot more fun, and we'll always be just a click away.

With heartfelt thanks and a virtual high-five,

The Tap Team ✨

What is the "Travel Rule"?

You might have heard of the "Travel Rule" before, but do you know what it actually mean? Well, let me break it down for you. The Travel Rule, also known as FATF Recommendation 16, is a set of measures aimed at combating money laundering and terrorism financing through financial transactions.

So, why is it called the Travel Rule? It's because the personal data of the transacting parties "travels" with the transfers, making it easier for authorities to monitor and regulate these transactions. See, now it all makes sense!

The Travel Rule applies to financial institutions engaged in virtual asset transfers and crypto companies, collectively referred to as virtual asset service providers (VASPs). These VASPs have to obtain and share "required and accurate originator information and required beneficiary information" with counterparty VASPs or financial institutions during or before the transaction.

To make things more practical, the FATF recommends that countries adopt a de minimis threshold of 1,000 USD/EUR for virtual asset transfers. This means that transactions below this threshold would have fewer requirements compared to those exceeding it.

For transfers of Virtual Assets falling below the de minimis threshold, Virtual Asset Service Providers (VASPs) are required to gather:

• The identities of the sender (originator) and receiver (beneficiary).
• Either the wallet address associated with each transaction involving Virtual Assets (VAs) or a unique reference number assigned to the transaction.
• Verification of this gathered data is not obligatory, unless any suspicious circumstances concerning money laundering or terrorism financing arise. In such instances, it becomes essential to verify customer information.
  

Conversely, for transfers surpassing the de minimis threshold, VASPs are obligated to collect more extensive particulars, encompassing:

• Full name of the sender (originator).
• The account number employed by the sender (originator) for processing the transaction, such as a wallet address.
• The physical (geographical) address of the sender (originator), national identity number, a customer identification number that uniquely distinguishes the sender to the ordering institution, or details like date and place of birth.
• Name of the receiver (beneficiary).
• Account number of the receiver (beneficiary) utilized for transaction processing, similar to a wallet address.

By following these guidelines, virtual asset service providers can contribute to a safer and more transparent virtual asset ecosystem while complying with international regulations on anti-money laundering and countering the financing of terrorism. It's all about ensuring the integrity of financial transactions and safeguarding against illicit activities.

Implementation of the Travel Rule in the United Kingdom

A notable shift is anticipated in the United Kingdom's oversight of the virtual asset sector, commencing September 1, 2023.

This seminal development comes in the form of the Travel Rule, which falls under Part 7A of the Money Laundering Regulations 2017. Designed to combat money laundering and terrorist financing within the virtual asset industry, this new regulation expands the information-sharing requirements for wire transfers to encompass virtual asset transfers.

The HM Treasury of the UK has meticulously customized the provisions of the revised Wire Transfer Regulations to cater to the unique demands of the virtual asset sector. This underscores the government's unwavering commitment to fostering a secure and transparent financial ecosystem. Concurrently, it signals their resolve to enable the virtual asset industry to flourish.

The Travel Rule itself originates from the updated version of the Financial Action Task Force's recommendation on information-sharing requirements for wire transfers. By extending these recommendations to cover virtual asset transfers, the UK aspires to significantly mitigate the risk of illicit activities within the sector.

Undoubtedly, the Travel Rule heralds a landmark stride forward in regulating the virtual asset industry in the UK. By extending the ambit of information-sharing requirements and fortifying oversight over virtual asset firms‍

Implementation of the Travel Rule in the European Union‍

Prepare yourself, as a new regulation called the Travel Rule is set to be introduced in the world of virtual assets within the European Union. Effective from December 30, 2024, this rule will take effect precisely 18 months after the initial enforcement of the Transfer of Funds Regulation.

Let's delve into the details of the Travel Rule. When it comes to information requirements, there will be no distinction made between cross-border transfers and transfers within the EU. The revised Transfer of Funds regulation recognizes all virtual asset transfers as cross-border, acknowledging the borderless nature and global reach of such transactions and services.

Now, let's discuss compliance obligations. To ensure adherence to these regulations, European Crypto Asset Service Providers (CASPs) must comply with certain measures. For transactions exceeding 1,000 EUR with self-hosted wallets, CASPs are obligated to collect crucial originator and beneficiary information. Additionally, CASPs are required to fulfill additional wallet verification obligations.

The implementation of these measures within the European Union aims to enhance transparency and mitigate potential risks associated with virtual asset transfers. For individuals involved in this domain, it is of utmost importance to stay informed and adhere to these new guidelines in order to ensure compliance.

‍What does the travel rules means to me as user? ‍

As a user in the virtual asset industry, the implementation of the Travel Rule brings some significant changes that are designed to enhance the security and transparency of financial transactions. This means that when you engage in virtual asset transfers, certain personal information will now be shared between the involved parties. While this might sound intrusive at first, it plays a crucial role in combating fraud, money laundering, and terrorist financing.

The Travel Rule aims to create a safer environment for individuals like you by reducing the risks associated with illicit activities. This means that you can have greater confidence in the legitimacy of the virtual asset transactions you engage in. The regulation aims to weed out illicit activities and promote a level playing field for legitimate users. This fosters trust and confidence among users, attracting more participants and further driving the growth and development of the industry.

However, it's important to note that complying with this rule may require you to provide additional information to virtual asset service providers. Your privacy and the protection of your personal data remain paramount, and service providers are bound by strict regulations to ensure the security of your information.

In summary, the Travel Rule is a positive development for digital asset users like yourself, as it contributes to a more secure and trustworthy virtual asset industry.

‍Unlocking Compliance and Seamless Experiences: Tap's Proactive Approach to Upcoming Regulations‍

Tap is fully committed to upholding regulatory compliance, while also prioritizing a seamless and enjoyable customer experience. In order to achieve this delicate balance, Tap has proactively sought out partnerships with trusted solution providers and is actively engaged in industry working groups. By collaborating with experts in the field, Tap ensures it remains on the cutting edge of best practices and innovative solutions.

These efforts not only demonstrate Tap's dedication to compliance, but also contribute to creating a secure and transparent environment for its users. By staying ahead of the curve, Tap can foster trust and confidence in the cryptocurrency ecosystem, reassuring customers that their financial transactions are safe and protected.

But Tap's commitment to compliance doesn't mean sacrificing user experience. On the contrary, Tap understands the importance of providing a seamless journey for its customers. This means that while regulatory requirements may be changing, Tap is working diligently to ensure that users can continue to enjoy a smooth and hassle-free experience.

By combining a proactive approach to compliance with a determination to maintain user satisfaction, Tap is setting itself apart as a trusted leader in the financial technology industry.  So rest assured, as Tap evolves in response to new regulations, your experience as a customer will remain top-notch and worry-free.

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BAT is now available for trading on the Tap mobile app. You can now Buy, Sell, Trade or hold BAT for any of the other asset supported on the platform without any pair boundaries. Tap is pair agnostic, meaning you can trade any asset for any other asset without having to worries if a "trading pair" is available.

We believe supporting BAT will provide value to our users. We are looking forward to continue supporting new crypto projects with the aim of providing access to financial power and freedom for all.

Basic Attention Token (BAT) is an Ethereum-based utility token integrated into the privacy-focused Brave browser. Launched in 2016, Brave aims to revolutionize the digital advertising industry by promoting fairness and transparency between advertisers, publishers, and users.

Users receive cryptocurrency rewards in the form of BAT for viewing ads, which allows publishers to deliver more impactful advertisements. This empowers advertisers to make better use of their budgets and better target their target audience. Users then have the flexibility to hold, exchange, or use BAT to support their favorite content creators.

BAT acts as a settlement currency for publishers within the Brave browser ecosystem, facilitating transactions between advertisers, publishers, and users based on their web activity. This token streamlines business between the three parties

Get to know more about Basic Attention Token (BAT) in our dedicated article here.