CRYPTO app Tap Global has named the Bitfinex exchange as its first client for its newly-launched 'cards as a service' (CAAS) B2B product.

The regulated crypto app, designed to bridge traditional finance and blockchain technology, is using the new product to enable companies like Bitfinex offer customers a prepaid Mastercard to enhance their existing financial offering.

The card, which will be made available to all of Bitfinex's European users, will be underpinned by Tap's existing infrastructure and regulatory approvals and will allow Bitfinex account holders to convert their cryptocurrency assets to Euros which they can send to their card to purchase from any of the 37 million worldwide merchants which accept Mastercard.

(c) 2023 City A.M., source Newspaper