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Quetzal Capital PLC ( (GB:TAP) ) has provided an announcement.
Tap Global Group plc, a London AIM-listed fintech, operates a crypto-enabled payments and trading app that connects fiat rails with digital assets for retail and business clients across Europe, the U.S. and Bulgaria. Its ecosystem integrates card payments, multi-exchange crypto access, and AI-driven execution, underpinned by regulatory approvals including a landmark Mastercard approval for its European business.
The company has acquired three billion XTP tokens from related party Tap N Go Ltd at no cost, a holding valued at about US$1.8 million and representing roughly 30% of the token’s total supply. Management plans to use this large strategic reserve to bolster customer incentives, cashback and loyalty programmes, trading-volume promotions and referrals, reinforcing Tap’s balance sheet and further intertwining the XTP token with Tap’s platform as it pursues scale in digital finance.
More about Quetzal Capital PLC
Tap Global Group plc is a digital finance platform that bridges traditional payments and blockchain, offering integrated fiat payment and cryptocurrency settlement services via its Tap app to more than 400,000 individual and business customers. Users can trade over 50 cryptocurrencies, store them in a wallet, and spend via a Mastercard-approved Tap card across over 37 million merchants worldwide, with operations spanning Europe, Bulgaria under VASP registration, and the U.S. through Tap Americas LLC and partner infrastructure.
Average Trading Volume: 1,285,526
Technical Sentiment Signal: Strong Sell
Current Market Cap: £644.2K
See more insights into TAP stock on TipRanks’ Stock Analysis page.