Imagine you have euros in your wallet but need to spend dollars at a store. You'd need to exchange your currency first, right? Wrapped crypto works in a similar way, but for blockchain assets.

Wrapped cryptocurrency is a tokenised version of another crypto asset that lives on a different blockchain. Think of it as your original crypto asset wearing an outer layer that lets it work on another blockchain network. For example, Bitcoin can't naturally function on the Ethereum network because they're separate systems with different rules. 

But by "wrapping" Bitcoin, you get a token that represents Bitcoin's value while being compatible with Ethereum's ecosystem.

This seemingly simple innovation has become a cornerstone of decentralised finance (DeFi), allowing assets to move between otherwise isolated blockchain ecosystems and unlocking billions of dollars in cross-chain liquidity.

How wrapped crypto works

The wrapping process involves three key elements: custodians, merchants, and smart contracts.

Here's how it typically works:

1. Deposit: You send your original cryptocurrency (like Bitcoin) to a custodian—an entity or smart contract that holds your assets safely.
2. Minting: Once the custodian confirms receipt of your deposit, they mint an equivalent amount of wrapped tokens (like WBTC) on the target blockchain.
3. Release: These newly created wrapped tokens are then sent to your wallet on the new blockchain, ready to use.

When you want your original tokens back, you simply reverse the process—a procedure called "unwrapping" or "burning":

1. Return: You send your wrapped tokens back to the custodian.
2. Burn: The wrapped tokens are destroyed (burned).
3. Release: The equivalent amount of the original cryptocurrency is returned to your wallet.

This process ensures a 1:1 backing between wrapped tokens and their underlying assets, similar to how stablecoins maintain their value through reserves. For every wrapped Bitcoin (WBTC) in circulation, there's one real Bitcoin held in reserve by a custodian.

Benefits of wrapped crypto

Cross-chain compatibility

The most obvious benefit is interoperability. Wrapped tokens allow assets from one blockchain to participate in activities on completely different networks. Bitcoin holders can participate in Ethereum-based DeFi without selling their Bitcoin, while Ethereum users can access the value and liquidity of Bitcoin without leaving their preferred ecosystem.

Expanded DeFi possibilities

Before wrapped tokens, assets like Bitcoin were essentially locked out of the booming DeFi space. Now, billions of dollars worth of previously idle assets can earn yields, serve as collateral for loans, or provide liquidity to trading pools.

Enhanced functionality

When assets like Bitcoin get wrapped as ERC-20 tokens on Ethereum, they gain new capabilities:

• Smart contract interaction: Bitcoin doesn't natively support complex smart contracts, but wrapped Bitcoin on Ethereum can interact with any Ethereum smart contract.
• Faster settlements: Bitcoin transactions typically take about 10 minutes to confirm, while Ethereum transactions complete in seconds or minutes, making wrapped Bitcoin potentially more practical for everyday transactions.

Liquidity boosts

By making assets usable across multiple blockchains, wrapped tokens significantly increase market liquidity. The same value can now participate in various ecosystems without being split across different platforms.

Common types of wrapped tokens

Wrapped Bitcoin (WBTC)

The most popular wrapped token by market cap, WBTC brings Bitcoin's massive value onto the Ethereum blockchain. Each WBTC is backed by one Bitcoin held in reserve. This has allowed billions of dollars worth of Bitcoin to participate in Ethereum's DeFi ecosystem.

Wrapped Ether (WETH)

Interestingly, even Ethereum's native currency (Ether) has a wrapped version. Why? The original Ethereum token (ETH) predates the ERC-20 standard that most Ethereum tokens follow. WETH makes ETH compatible with dapps that require the standard ERC-20 format.

Other Notable Wrapped Assets

As cross-chain functionality becomes increasingly important, we're seeing more wrapped versions of various assets:

• Wrapped AVAX (WAVAX) on Ethereum
• Wrapped UST (Terra stablecoin) on various chains
• Wrapped tokens of various layer-1 cryptocurrencies

How to use wrapped tokens in DeFi

Lending and borrowing

Platforms like Aave, Compound, and MakerDAO allow users to deposit wrapped assets as collateral to borrow other cryptocurrencies. This means you can leverage your Bitcoin holdings to access stablecoins or other tokens without selling your BTC.

Liquidity provision

Decentralised exchanges like Uniswap and SushiSwap rely on liquidity providers to enable trading. By providing wrapped tokens to these liquidity pools, users can earn trading fees and additional rewards.

For example, the WBTC/ETH pool on Uniswap has consistently been one of the largest liquidity pools, enabling billions in trading volume between Bitcoin and Ethereum.

Yield farming

Many DeFi protocols offer incentives for users who provide liquidity or lend assets. Wrapped tokens allow users to participate in these "yield farming" opportunities across multiple blockchains, potentially maximising returns.

Risks involved

Custodial risks

Most wrapped tokens rely on custodians to hold the original assets, introducing an element of centralisation and trust. If the custodian is compromised or acts maliciously, your wrapped tokens could become worthless.

For instance, WBTC relies on BitGo as its primary custodian. While BitGo maintains high security standards, this represents a potential single point of failure in an otherwise decentralised system.

Smart contract vulnerabilities

Wrapped tokens, like all blockchain assets involving smart contracts, face potential security risks. Bugs or exploits in the smart contracts governing wrapped tokens could lead to fund losses.

Minting and redemption friction

The process of wrapping and unwrapping tokens often involves fees, waiting periods, and minimum amounts. These friction points can make wrapped tokens less practical for smaller transactions or quick trades.

Bridge attacks

Cross-chain bridges, which facilitate the creation of many wrapped tokens, have been frequent targets for hackers. Several high-profile attacks have resulted in millions of dollars in losses.

The future of wrapped tokens

Decentralised wrapping mechanisms

The industry is moving toward more decentralised wrapping processes that reduce reliance on centralised custodians. Projects like tBTC and renBTC are exploring new models where custody is distributed among multiple parties or managed entirely by smart contracts.

Multi-chain integration

As blockchain ecosystems evolve toward greater interoperability, wrapped tokens are likely to play a crucial role in creating seamless experiences across multiple chains. Users may eventually interact with different blockchains without even realising they're using wrapped assets behind the scenes.

Standardisation and regulation

As wrapped tokens become more integrated into mainstream finance, we can expect more standardised practices and potentially increased regulatory attention, particularly around reserve verification and consumer protection.

Bridging the blockchain islands

Wrapped tokens have essentially built bridges between previously isolated blockchain islands, creating a connected DeFi landscape where assets flow freely across networks. They give users remarkable flexibility – allowing them to use Solana's speed while accessing Ethereum's rich application environment.

While these tokens solve major interoperability challenges, it's worth remembering their trade-offs. The centralized custody model goes against blockchain's decentralization principles, and security risks exist.

Though we'll eventually see more sophisticated cross-chain solutions emerge, wrapped tokens currently serve as the vital connectors powering our increasingly interconnected crypto economy.

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Fini les galères de solde au moment de payer. Activez une fois l’Auto Recharge, et votre carte Tap se recharge toute seule quand le solde est bas — avec vos euros ou même vos cryptos. Tranquille.

Vous nous l’avez demandée, on l’a fait. Cette nouvelle option est là pour vous simplifier la vie. Votre carte reste toujours prête, et vous pouvez penser à autre chose (comme à ce que vous allez commander ce midi 🍟).

Cerise sur le gâteau 🍒 : vous pouvez recharger avec vos cryptos.
Choisissez une de vos cryptos, rechargez, dépensez — aussi simple que ça.

Pourquoi vous allez l'adorer

Plus jamais de “solde insuffisant” 🙃
Votre carte se recharge toute seule, pile au bon moment.

Vous l’activez une fois, et c’est tout.
Plus besoin d’y penser, Tap s’occupe du reste.

Fiat, crypto, ou les deux.
C’est vous qui choisissez.

Toujours prêt à payer.
En ligne, en voyage, pour les courses— votre carte suit le rythme.

Comment ça marche ? ✨

C’est vous qui décidez :

• Du montant minimum avant déclenchement
• De combien recharger
• De la devise à utiliser

Comment l’activer ?

1. Ouvrez l’app Tap
2. Allez dans la section Carte
3. Activez l’Auto Recharge
4. Réglez vos préférences

Toujours là quand vous en avez besoin‍

L'auto recharge, c’est un coup de pouce pour votre quotidien. Moins de gestion, plus de tranquillité. Votre carte Tap s’adapte à votre rythme.

Besoin d’aide ? Notre équipe support est dispo pour vous aider à tout configurer.

On Friday, 7 March 2025, the White House held its first-ever Crypto Summit, marking a major turning point in how the U.S. government views the crypto industry. The event gathered top industry leaders, policymakers, and key players to discuss the future of digital assets in the U.S. 

In this article, we explore what people expected from the summit, what actually happened, and how it’s already shaping the crypto market.

What was anticipated 

Before the summit, the crypto community was cautiously optimistic. The Trump administration had already shown interest in digital assets—especially after President Trump appeared at Bitcoin 2024, which got mixed reactions from the market. 

Many investors and industry leaders were hoping the summit would bring clearer rules, encourage innovation, and fix past regulatory issues. 

Hype grew even more after the announcement of an executive order to create a Strategic Bitcoin Reserve, raising expectations that Bitcoin might soon play a bigger role in the U.S. economy. Spurring a 12% increase across the crypto market, Bitcoin’s price rose above $92,000 in anticipation of the meeting. 

Summit proceedings

The summit featured prominent figures such as Michael Saylor (of Strategy), Brian Armstrong (of Coinbase), and Brad Garlinghouse (of Ripple), reflecting the administration's commitment to engaging with key industry stakeholders. 

One of the most significant highlights of the gathering was President Trump signing an executive order to create a U.S. Strategic Bitcoin Reserve. The plan is to boost the country’s economic strength by holding Bitcoin seized through asset forfeitures. Described as a “virtual Fort Knox” for digital gold, managed by the Treasury.

Data from Arkham Intelligence reveals that the U.S. government presently owns 198,109 Bitcoin worth $17.5 billion based on current market values.

The executive order also requires federal departments to review their cryptocurrency holdings and find ways to acquire more Bitcoin through “budget-neutral” strategies without burdening taxpayers. 

There was also talk about creating a Digital Asset Stockpile, which would include other cryptocurrencies like XRP, Solana (SOL), and Cardano (ADA), to boost the credibility of these digital assets.

Strategic Bitcoin Reserve vs Digital Asset Stockpile

The U.S. government’s approach to digital assets involves two distinct initiatives: the Strategic Bitcoin Reserve and the Digital Asset Stockpile. 

The Strategic Bitcoin Reserve aims to hold Bitcoin long-term, using confiscated Bitcoin rather than new government purchases, which has sparked controversy due to Bitcoin's volatility and its decentralised nature, which some argue conflicts with government control. 

Critics also worry that the reserve’s reliance on confiscated assets may lead to politically motivated holdings, rather than a clear strategic plan. 

In contrast, the Digital Asset Stockpile, managed by the Treasury, will hold other cryptocurrencies like Ethereum, XRP, Solana, and Cardano. Unlike the Bitcoin reserve, the stockpile may allow for more flexibility, including potential sales of its assets. 

While the Bitcoin reserve aims to solidify Bitcoin’s place as a strategic asset, the inclusion of other cryptocurrencies in the stockpile raises questions about the government’s broader digital asset strategy. Many aspects still remain unclear.

Market reactions over the outcome

The market's reaction to the summit was mixed. At first, Bitcoin's price surged on optimism. But when it became clear that the Strategic Bitcoin Reserve would rely on existing government holdings instead of new purchases, sentiment shifted. The executive order signed on Thursday confirmed that the reserve would only include Bitcoin the government already holds—mostly from asset forfeitures in criminal and civil cases. Many had expected fresh Bitcoin buys for the fund. While that seems unlikely in the short term, the door has been left open.

This led to a significant price correction, with Bitcoin's value dropping to around $85,000 before stabilising at approximately $88,000, marking a decline of over 3% within 24 hours. Within days, the price dropped to below $80,000. 

In addition, Bitcoin ETFs saw significant outflows, with $370 million pulled out as investors reconsidered the impact of the government’s strategy. The wider cryptocurrency market mirrored this volatility, reflecting the complex dynamics between government policy announcements and investor sentiment.

Navigating the future of cryptocurrency regulation

The White House Crypto Summit was a landmark event in how the U.S. government engages with the crypto industry. While the creation of the Strategic Bitcoin Reserve shows a move toward officially recognising digital assets, the market’s reaction made it clear that investors want clearer, more practical policies. The U.S. is at a pivotal moment in shaping the future of digital finance.

The White House Crypto Summit signalled a shift toward embracing crypto, but the real challenge lies ahead—crafting policies that fuel innovation while keeping markets steady. With the right approach, the U.S. could very well lead the global financial revolution, unlocking the full potential of digital assets and setting the stage for a future where opportunity and stability go hand in hand.

Qu’est-ce que l’Onyxcoin (XCN) ?

Anciennement connu sous le nom de Chain (CHN), Onyxcoin (XCN) marque une avancée majeure dans le développement d’infrastructures blockchain destinées aux entreprises. Depuis son rebranding en mars 2022, le protocole s’est imposé comme une solution de référence dans le domaine des blockchains privées.

En résumé : le protocole Onyx fournit une infrastructure cloud permettant aux entreprises de créer et déployer des services financiers via des réseaux blockchain privés.

À quoi sert le jeton XCN ?

Le XCN est le jeton utilitaire et de gouvernance du protocole Onyx. Il alimente les services premium, finance les mises à niveau du réseau et permet aux détenteurs de participer aux décisions via la DAO Onyx intégrée sur Ethereum.

Le protocole se distingue par :

• Une séparation claire entre contrôle des actifs et synchronisation du registre
• La possibilité de créer des actifs via des programmes personnalisés
• Un système de validation par une fédération de « signataires de blocs »
• Un générateur unique de blocs pour des validations rapides

Aperçu du projet

Créé en 2014, Onyx a bénéficié du soutien de grands noms du capital-risque et de partenariats avec des institutions comme Nasdaq et Citigroup. Le protocole s’est peu à peu affirmé comme une alternative fiable, évolutive et indépendante pour les infrastructures blockchain.

Fonctionnalités clés :

• Infrastructure blockchain cloud pour les entreprises
• Outils personnalisables pour l’émission d’actifs
• Contrats intelligents via des « programmes de contrôle »
• Gouvernance décentralisée via la DAO Onyx
• Services standards et premium intégrés

Analyse fondamentale et technique

Données fondamentales

• Offre maximale : 48,47 milliards de XCN
• Environ 65 % actuellement en circulation
• Répartition : 15 milliards pour la fondation, 10 milliards pour la DAO
• Libération mensuelle : 200 millions de XCN, pour maintenir un contrôle progressif de l’offre

Cadre technique

• Réseaux blockchain multiples fonctionnant en parallèle
• Sécurisation des actifs via le principe du moindre privilège
• Validation par signataires désignés
• Création efficace de blocs via un générateur unique

Activité du marché : volume, volatilité, sentiment

Volumes de trading

Les volumes actuels de XCN offrent un aperçu de l'intérêt des investisseurs. Des pics d’activité apparaissent souvent en réaction à des annonces ou à des tendances globales du marché.

Volatilité

XCN présente une volatilité modérée à élevée, influencée par les conditions macroéconomiques et le climat global des cryptos. Cela peut attirer les traders, mais rebuter les profils plus prudents.

Indicateurs de sentiment

Les tendances sur les réseaux sociaux, les discussions communautaires et la couverture médiatique influencent largement le sentiment autour du XCN. Les pics de positivité coïncident souvent avec des mises à jour majeures du protocole.

Prévisions à court terme (1 à 3 ans)

Prix de référence actuel : ~0,012 $ (à la date de rédaction)

Scénarios haussiers

Adoption par les entreprises
Prévision : 0,005 $ – 0,01 $
Moteur : Intégration du protocole dans des systèmes financiers privés

Développements technologiques
Prévision : 0,006 $ – 0,012 $
Impact : Amélioration des performances et réduction des frais

Investissements institutionnels
Prévision : 0,007 $ – 0,015 $
Catalyseur : Intérêt croissant des institutions financières

Scénarios baissiers

Réglementations strictes
Prévision : 0,001 $ – 0,0015 $
Conséquence : Restrictions potentielles sur les opérations

Concurrence accrue
Prévision : 0,0012 $ – 0,0017 $
Risque : Saturation du marché par des solutions similaires

Prévisions à long terme (3 à 5 ans)

Perspectives optimistes

Adoption massive par les entreprises
Prévision : 0,02 $ – 0,05 $
Objectif : Intégration dans les systèmes financiers classiques

Évolution technologique
Prévision : 0,03 $ – 0,06 $
Bénéfice : Avantage concurrentiel renforcé

Croissance du marché crypto
Prévision : 0,04 $ – 0,08 $
Facteur : Acceptation grand public des actifs numériques

Perspectives prudentes

Baisse du marché crypto
Prévision : 0,0005 $ – 0,001 $
Conséquence : Réduction de la confiance des investisseurs

Nouveaux concurrents technologiques
Prévision : 0,0008 $ – 0,0015 $
Risque : Obsolescence relative du protocole

Conclusion

Onyxcoin (XCN) est un projet ambitieux avec un potentiel réel, notamment dans le domaine des blockchains d’entreprise. Son jeton XCN est au cœur de sa gouvernance et de son fonctionnement. Entre scénarios haussiers soutenus par l’innovation et les partenariats, et scénarios plus prudents liés aux conditions de marché, le futur du jeton reste incertain mais prometteur.

👉 Rappel important : ces estimations sont spéculatives et ne constituent pas un conseil en investissement. Faites toujours vos propres recherches et évaluez votre profil de risque avant toute décision.

Consultez la page XCN dans l’application Tap pour suivre les évolutions du prix en temps réel.

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The cryptocurrency market can be a maze of projects, platforms, and partnerships. Among these, XCN (Onyxcoin) has emerged as a notable digital asset that often sparks discussion – and sometimes confusion – in the crypto community.

This guide cuts through the complexity to deliver a clear picture of XCN. We'll examine what makes this cryptocurrency unique, tackle common misconceptions about its ownership (particularly regarding JP Morgan), and explore its potential value to the greater blockchain ecosystem.

Whether you're researching XCN for investment purposes or simply want to understand its role in the crypto ecosystem, this article will provide you with straightforward, accurate information to guide your decisions.

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What Is Onyx Protocol (XCN)?

Onyx Protocol is a cloud-based blockchain infrastructure enabling companies to create private blockchain networks for enhanced financial services. Unlike public blockchains, Onyx provides a closed, secure environment for issuing, storing, and transferring digital assets, minimising risks like security breaches and transaction delays. 

It caters to enterprise needs through products such as the Remote Procedure Call API (RPC/API) and Sequence, a blockchain-based accounting service. These services offer both standard and premium tiers, with premium features accessible via XCN payments.

The protocol’s core design addresses key financial settlement challenges, including reducing fees, increasing transparency, and streamlining transaction settlements, and uses innovative features like "issuance programs" for asset creation and "control programs" for managing assets securely. Block signers safeguard the network, while block generators ensure efficient block creation.

The Onyx Protocol is governed by a Decentralised Autonomous Organisation (DAO), where XCN token holders participate in decision-making by staking their tokens. This means that XCN acts as both a utility and governance token, offering voting rights, discounts on premium services, and a means to pay for Onyx Cloud and Sequence fees.

Founded in 2014 by venture capitalist Adam Ludwin, Onyx was initially backed by major firms like Nasdaq and Citigroup, raising over $40 million. After being acquired by Stellar’s Lightyear Corp. in 2018, it later became a privately held corporation in 2021. 

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With a maximum supply of 48.4 billion tokens, XCN powers the ecosystem and incentivises community-driven growth through its transparent, decentralised governance model.

XCN’s infrastructure

XCN's technological foundation rests on three main pillars:

• A scalable proof-of-stake blockchain that prioritises transaction speed and energy efficiency
• Smart contract functionality that enables complex financial operations and decentralised applications
• Cross-chain compatibility for seamless interaction with other blockchain networks

Although the platform uses advanced security protocols it still manages to maintain user accessibility, making it suitable for both individual and institutional users.

How to purchase and stake XCN

XCN tokens can be bought through several major cryptocurrency exchanges, including Tap. In order to participate in the staking process, users will need to acquire the tokens and complete the following: 

1. Set up a compatible wallet that supports XCN staking
2. Participate in the staking program through the official platform
3. Earn rewards based on the amount staked and duration of participation

The minimum staking requirements and reward rates are designed to encourage long-term holder participation. For more detailed explanations please see the official project’s instructions.

Leadership and development behind XCN

The Onyx blockchain network was founded in 2014 by venture capitalist Adam Ludwin with support from major venture capital firms, aiming to modernise financial systems. The team launched Chain Core after raising over $40 million through strategic partnerships with Nasdaq, Orange, Capital One, and Citigroup. 

In 2018, the platform was sold to Lightyear Corp., part of the Stellar Development Foundation, before transitioning in 2021 to operate as a privately held corporation with a new board, shareholders, and offices. In March 2022, CHN was rebranded to XCN spurring positive price growth.

Today, the XCN project is led by a team of seasoned blockchain developers and fintech experts specialising in smart contracts, protocol optimisation, and financial infrastructure. They are known to actively engage with the community via Discord, Twitter, and governance forums, maintaining transparency through roadmaps, progress reports, and AMAs. 

Alongside the strong development team is a decentralised governance model, allowing XCN token holders to shape the platform’s future, voting on critical proposals to ensure collective growth and innovation.

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XCN price prediction

Onyxcoin (XCN) has gained attention for its role in DeFi and its governance function within the Onyx Protocol. While price predictions vary, with some analysts anticipating steady growth as adoption of the platform increases, it is worth keeping an eye on the key factors influencing its price, notably market demand, advancements within the Onyx ecosystem, broader crypto market trends, and regulatory developments. 

However, given the volatility of the cryptocurrency market, it’s best to approach these XCN price predictions carefully and conduct thorough research before making any financial decisions.

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Clearing the air: JP Morgan's Kinexys (formerly Onyx) does not own OnyxCoin (XCN)

In early November 2024, JP Morgan rebranded its blockchain unit from Onyx to Kinexys, sparking conversations about distinguishing between unrelated entities in the blockchain world. Below we break down the key differences between OnyxCoin (XCN) and JP Morgan's Kinexys to clear up any confusion for investors and industry professionals.

Let the record state: OnyxCoin (XCN) is a separate cryptocurrency project operating independently of JP Morgan and its blockchain initiatives. To avoid potential confusion:

• XCN is not affiliated with JP Morgan or any traditional banking institution
• The cryptocurrency project operates independently of JP Morgan's blockchain platforms
• Any similarity in naming to JP Morgan's former Onyx unit is coincidental

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Looking to the future

XCN is a prime example of blockchain technology's evolution and the growing maturity of digital assets. As the cryptocurrency landscape continues to expand, XCN’s innovative framework and governance structure show how decentralised systems can adapt to meet new challenges. 

With blockchain advancing rapidly, platforms like XCN highlight the potential for transformation in the digital economy. Whether you’re drawn to the technical details or the broader implications, staying informed about these developments is key to understanding this ever-changing space.

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As we step into 2025, it's time to reflect on an incredible year of growth and milestones at Tap. What a ride 2024 has been! When we look back at everything we've achieved together at Tap this year, it's hard not to feel a surge of pride and excitement. Let's dive into the highlights that made this year truly special.

Revamped payment with a new card design

This year, we introduced our new card and design. Your feedback sparks our creativity and innovation, many of you joked about needing to make a gang sign with your fingers to hide card numbers when sharing photos. Taking that humor to heart, we've redesigned our card so all sensitive information is now on the back, keeping it out of sight.

This means you can proudly showcase your Tap card in pictures without any awkward gestures. Our user-centric design not only enhances your privacy but also makes sharing your Tap experience easier and more stylish than ever. Thank you for inspiring us to create a more seamless and secure way to use and share your Tap Premium benefits.

Did someone say Cashback? 

For those of you wanting more from your Tap experience, we've been listening to what you need, which led us to introduce new premium plans. They're not about bells and whistles – just practical great rewards and rebates that add real value for those who need them. Same goes for our new Cashback feature. Not only are you earning rewards on your spending, but it also gives XTP a more meaningful purpose in your everyday transactions.

Our new Cashback feature has been a game-changer, offering users not only rewards on their Tap card transactions but also increased utility for our native token, XTP. This feature underscores our commitment to delivering tangible benefits and fostering a rewarding financial ecosystem.

Expanding horizons: launching in the USA

2024 was a landmark year as we launched Tap in the USA, marking our entry into one of the world's largest and most dynamic markets. A particularly humbling milestone, it's been a learning experience, and we're grateful for the patience and enthusiasm of our new American users as we continue to refine our services.

New practical features and tools you've been asking for:

To further empower our users, we rolled out a suite of new features, including:

• A smart search bar that helps you find exactly what you need, when you need it.
• A card spending dashboard that enables you to track your card and spending limits. 
• A comprehensive markets section for tracking your favorite tokens in real-time.
• And yes, that discrete hide balance option for when you need to keep things private.

These features are designed to provide our users with greater transparency, control, and convenience in managing their finances.

Expanding cryptocurrency and fiat options

In response to the growing demand for diverse financial options, we added three new cryptocurrencies and four new fiat currencies to the app. This expansion allows our users to transact with greater flexibility and access a wider range of financial instruments. Because why should anyone have to compromise on their financial choices?

Navigating regulatory landscapes: UK and Bulgaria

Even with all this growth, we haven't lost sight of what matters most – doing things right. On the regulatory front, this year tested our resilience and commitment to our users, particularly in the UK. When new FCA regulations required us to suspend XTP token locking for UK Premium accounts last October, we didn't just accept it as a permanent setback.

Instead, our team spent the year methodically working through complex legal requirements to craft a compliant, user-friendly solution. The result? We successfully relaunched XTP token locking for our UK Premium users – a testament to our dedication to finding ways forward even through regulatory challenges.

This commitment to compliance also led us to secure our VASP license in Bulgaria, further strengthening our regulatory foundation across different jurisdictions. While these behind-the-scenes achievements might not be the most exciting news, they're crucial steps in building a service that's trustworthy.

Looking Ahead with Optimism

As we step into 2025, we're just getting warmed up. Everything we've accomplished this year sets the stage for even bigger moves ahead. We've got some exciting plans taking shape, but more importantly, we have a clear vision of how to make Tap work better for you every day. And the best part? We're building this future with you, our incredible Tap community.

Thank you for being part of this journey – for your trust, your patience, and your candid feedback. Together, we're not just building another fintech platform; we're crafting the future of finance, one thoughtful step at a time.

Here's to the next chapter of our journey together – it's going to be epic!