Tap Global Share Discussion Threads

[ftangftang] 21/4/2023 11:14

The fiat & crypto powered super app. Regulated in Eu/EEA for fiat under E-Money licence. Regulated for crypto under DLT from
@gibfsc
$XTP

[ftangftang] 20/4/2023 22:17

Tap Global Group Plc
Trading Update
20 April 2023

Tap Global Group Plc

(“Tap” or the “Company”;)

Trading Update

Tap reports significant financial and operational progress in 100 days since listing

Tap Global Group Plc (AQSE: TAP), the regulated crypto app bridging the gap between traditional finance and blockchain technology, is pleased to provide an update on its performance since listing on the AQSE Growth Market on 10 January 2023 (“Listing̶1;).

Highlights

Revenue: £1.16m in Q1 2023 (Q1 2022: £0.25m)
Average monthly revenue up 347.5% in Q1 2023 to £385,000 (Q4 2022: £86,000)
Registered users up 30% since Listing to 144,305
12 new cryptocurrencies listed on platform since Listing taking total to 39
Financial Performance

Since Listing, Tap has seen a material increase in revenue delivered through its platform and is pleased to report revenue of £1.16m in Q1 2023. Revenue delivered in Q1 is over four times the same period last year and is more than that delivered by the operating business throughout the whole of 2022 (£1.1m).

As previously announced, Tap intends to commission analyst research in the near future which will establish revenue and profitability forecasts.

Platform Growth

Following the addition of over 30,000 users since Listing, there are now 144,305 registered users on the platform with customers increasingly seeking the security of a regulated, insured, and low-fee provider. This growth has been delivered against a challenging backdrop for cryptocurrency users with a number of high-profile exchange crises taking place throughout 2022. To support its continued growth since Listing, the Company has increased user capture through marketing initiatives, social media campaigns, referral programs and collaboration with cryptocurrency influencers.

The Company continues to plan for international expansion with Foreign Money Services Business registration secured in Canada and entities incorporated in the United States and Australia. While Tap intends to launch in these markets at the optimal time, management is adopting a necessarily prudent approach, particularly given the emergent hostile regulatory environment in the United States and the increasing legal complexities of launching in that jurisdiction. This shift in the opportunity-to-threat balance is also set in the context of Tap’s significant growth in its core markets in Europe. Management is constantly evaluating the best time to execute on the Company’s extensive expansion plans and will update shareholders in due course.

Tap maintains its focus on expanding its user offering with 39 cryptocurrencies now listed on its platform, including 12 added since Listing. This improved offering combined with continuous user experience upgrades, should help maintain user growth momentum alongside the retention of existing Tap users.

Operational Growth

Beyond its core platform, Tap continues to grow its B2B offering including cryptocurrency business accounts, Crypto-as-a-Service, and the Company’s Cards-as-a-Service solution, for which leading global cryptocurrency exchange Bitfinex was announced as the first client in January 2023. These additional B2B revenue streams position the Company as a full-service cryptocurrency business and lay the foundation for the launch of further B2B solutions.

Tap’s continued financial growth and the additional funds raised through the Listing have allowed the Company to increase its headcount across marketing, sales and compliance, providing the Company with the resources to continue on its expansion trajectory.

David Carr, Chief Executive Officer of Tap Global, commented:

“We are delighted with Tap’s progress since Listing, particularly given the headwinds that cryptocurrency businesses have faced over the last 18 months or so. The decision to become a regulated entity and place a strong emphasis on user protection from Tap’s inception is working strongly in our favour and is reflected in the impressive user growth and retention on our platform.

While we will continue to pursue global expansion, the sustained growth we are experiencing in our existing markets affords us the benefit of being able to time our new market entries wisely in order to secure the best outcomes for both customers and shareholders.

We look forward to providing further updates in the coming months as we build our capabilities and welcome more users to Tap’s unique platform.”

The Directors of the Company accept responsibility for the contents of this announcement.

[ftangftang] 20/4/2023 08:43

Tap comment
Since listing on
@AquisStockEx
in January, Tap is pleased to report a material increase in revenue and registered users with revenue delivered in Q1 2023 more than that delivered in the whole of 2022.

[purplepelmets] 20/4/2023 08:12

Hard to please the market!

[ftangftang] 20/4/2023 08:09

.Revenue: £1.16m in Q1 2023 (Q1 2022: £0.25m)
* Average monthly revenue up 347.5% in Q1 2023 to £385,000 (Q4 2022: £86,000)
* Registered users up 30% since Listing to 144,305
* 12 new cryptocurrencies listed on platform since Listing taking total to 39

[ftangftang] 19/4/2023 22:04

new brand identity
Tap is delighted to unveil its new brand identity, a true reflection of the company's evolution and progress since its inception.


Meet us here : to witness the magic

[ftangftang] 15/4/2023 16:41

XTP coin burn
Tap initiated its 8th XTP burn worth 13.07 Million tokens (equivalent to $87,896.24)

[jjcamargo] 29/3/2023 11:05

the turnover of 40k relates to the previous company Quetzal, not TAP post RTO.

[ftangftang] 29/3/2023 07:36

$CVX is now live on Tap!Today 07:35
Drumroll please DeFi fans! ? $CVX is now live on Tap! ??
It's time to take your yield optimization game to new heights. ??? CVX offers unparalleled access to yield optimization on #Convex Finance.
??Trade $CVX with ease on Tap and step up your DeFi game.

[master rsi] 22/3/2023 15:28

From EARNINGS SUMMARY: Tap Global Group PLC -

offers regulated crypto app that helps bridge gap between traditional finance and blockchain technology by providing fiat banking and crypto settlement services - Pretax loss in the six months to December 31 narrows to GBP298,992 from GBP321,792 a year prior.
Turnover remains insubstantial at GBP40,000, down from GBP50,000. Administrative expenses decrease to GBP338,992 from GBP371,792. Tap Global says it is focused on organic growth of its user base and geographical expansion beyond Europe.

[ftangftang] 22/3/2023 07:54

Tap reports material increase in users & revenue ahead of internal forecasts.

[ftangftang] 17/3/2023 12:39

Important update: We're partnering with a UK FCA regulated provider to enhance your account experience! Look forward to a seamless transition, innovative features, and strengthened security.
Seamless Transition: We have diligently worked to ensure a smooth and unnoticeable transition, allowing you to continue using our services without interruption.
Enhanced Features: Our new partner brings a wealth of innovative features, designed to make your user experience on our platform more intuitive and enjoyable.
Robust Security: Your financial information remains a top priority, and with our new partner's industry-leading security measures, you can have peace of mind knowing your data is well-protected.
Read more on our press blog: 🗞️

[ftangftang] 16/3/2023 10:48

Could be...
Some BED & ISA trades too

[andrbea] 16/3/2023 09:28

funny price action
-10, then +1, then -14, then +1
what is this?
mates rates before the US launch?

[ftangftang] 13/3/2023 14:55

Tap... An explanation
Tap offers one-stop services for all cryptocurrency participants, removing financial boundaries by supporting seamless connections with all banks and exchanges. After depositing fiat currency into XTP, users can trade various cryptocurrencies using one app and a single KYC process. Users can also send any crypto asset to anyone, anywhere in the world for free and the asset can be used by the recipient instantly.

Interview video

[ftangftang] 13/3/2023 07:50

Non-Exposure to Silicon Valley Bank and Silicon Valley Bank UK

Tap Global Group Plc (AQSE: TAP), the regulated crypto app bridging the gap
between traditional finance and blockchain technology, notes that Silicon
Valley Bank UK is to enter insolvency following the same action being announced
by its parent company in the USA, and confirms the Company has no exposure to
Silicon Valley Bank, Silicon Valley Bank UK, Silvergate Bank US or the
associated Silvergate Exchange Network. Additionally, the Company has no
exposure to Signature Bank.

[cf456] 25/2/2023 12:43

“Coinbase in eye of the storm. As most Crypto exchanges struggle during Crypto winter @TapGlobalPlc the innovative, easy-to-use, regulated, publicly-listed, Crypto-Fiat app is on track to gain millions of new users as it launches soon in 🇺🇸 🇨🇦🇦🇺 irishtimes.com/business/2023/… #TAP $XTP”

[ftangftang] 23/2/2023 15:36

USA Launch
Tap tweet
Hey USA! Something big is on the way! ????

Join our US waiting list now and invite friends to get a super surprise reward. Be the first to join Tap when we launch in the USA

[ftangftang] 23/2/2023 12:12

TAP chart
TAP TA from 10 minutes
First target 7.5p

[ftangftang] 23/2/2023 10:27

News coming soon

[saagar1] 22/2/2023 16:54

Whoever is selling, stop being a mug.

[ftangftang] 16/2/2023 12:15

TAP chart
TAP TA from 10 minutes
Next target 7p

[ftangftang] 15/2/2023 16:26

Tap on Bittrex
Tap global XTP now trading on Bittrex