Where Does Payment Settlements Take Place?

Beyond the parties that are directly involved in transactions, what happens at the backend is always of utmost importance. That is where the payment gateways introduce specific technologies and technicalities to ensure that transactions are properly settled.

Considering the various benefits of cryptocurrencies, implementation as a convenient payment system in retail transaction has not been very successful. A number of factors that are responsible for this situation include the absence of liquidity, varying exchange prices and the volatility of the cryptocurrency market.

To solve these problems, Gibraltar-based Tap N Go Limited has introduced an app and a card system that enhances a seamless trade between traditional currencies and cryptocurrencies. The platform uses its backend processes to ensure that users are able to convert their crypto assets for spending instantly using their tap cards.