Log in/ Sign up

About TAP

Tap Protocol (TAP) is a cryptocurrency launched in 2024. TAP has a current supply of 21.00M with 0 in circulation. The last known price of TAP is 4.48 USD and is 0.578328016994 over the last 24 hours. It is currently trading on active market(s) with $77,067.91 traded over the last 24 hours. More information can be found at .
TAP Price Statistics
TAP’s Price Today
24h Price Change
+$0.57832801699414.81%
24h Volume
$77,067.9125.80%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#3331
TAP Market Cap
Market Cap
$0
Fully Diluted Market Cap
$94.12M
TAP Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
TAP Supply
Circulating Supply
0
Total Supply
21.00M
Max Supply
21.00M
Updated Dec 01, 2024 10:27 am
image
TAP
Tap Protocol
$4.48
$0.578328016994(+14.81%)
Mkt Cap $0
There's nothing here for now
Central Banks Shift Focus From CBDCs To Instant Payment Systems, Survey Reveals
Central Banks Shift Focus From CBDCs To Instant Payment Systems, Survey Reveals
According to Odaily, a recent annual survey by the Official Monetary and Financial Institutions Forum (OMFIF) reveals a significant decline in the popularity of Central Bank Digital Currencies (CBDCs) as a tool for enhancing cross-border payments. The 2024 survey indicates that only 13% of respondents support CBDCs as a solution, a sharp decrease from 31% in 2023. In contrast, nearly half (47%) of the surveyed central bank governors favor interconnected instant payment systems, such as the United States' FedNow service, as the preferred future pathway. The survey also highlights that stablecoins have received zero support for the second consecutive year, reflecting central bank governors' lack of confidence in their ability to enhance global financial infrastructure. The waning interest in CBDCs coincides with the Bank for International Settlements (BIS) withdrawing from the mBridge project. Although BIS denies any political motivations, this move underscores the global tensions surrounding CBDC adoption. Additionally, the survey emphasizes the enduring dominance of the US dollar, with only 11% of central banks reporting a reduction in its usage. This trend is primarily driven by geopolitical uncertainties that have increased demand for the dollar as a safe haven. The survey also points out the challenges faced by the correspondent banking system, which has long facilitated international settlements but is increasingly viewed as outdated and costly due to complex Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. The delayed adoption of the ISO 20022 messaging standard may exacerbate this decline, prompting central banks to explore alternative solutions such as tokenization. Over 40% of central banks in developed markets consider tokenization a promising innovation and plan to begin research in this area within the next three to five years.
Dec 01, 2024 10:23 am
Think tank OMFIF: The enthusiasm of central bank governors interviewed for CBDC is waning, with only 13% supporting it
Think tank OMFIF: The enthusiasm of central bank governors interviewed for CBDC is waning, with only 13% supporting it
While CBDCs were once considered a promising tool to enhance cross-border payments, their popularity has fallen sharply, according to the latest annual Future of Payments Survey by the Official Monetary and Financial Institutions Forum (OMFIF), an independent think tank. The report shows that only 13% of respondents support CBDCs as a solution in 2024, down from 31% in 2023, while nearly half (47%) of central bankers surveyed chose interconnected instant payment systems (such as the FedNow Service in the United States) as their preferred path forward. In contrast, stablecoins received zero support for the second consecutive year, reflecting central bankers’ lack of confidence in their ability to enhance global financial infrastructure. The decline in CBDC interest coincides with the Bank for International Settlements’ (BIS) withdrawal from the mBridge project. Although the BIS denied political motivations, the move highlights the tensions around CBDC adoption around the world. In addition, the survey also highlighted the enduring dominance of the US dollar, with only 11% of central banks reporting a reduction in US dollar usage, mainly due to geopolitical uncertainty driving demand for the US dollar as a safe haven. The survey also highlighted challenges facing the correspondent banking system, which has long facilitated international settlements but is increasingly seen as outdated and costly due to complex KYC and anti-money laundering (AML) requirements. The delayed adoption of the ISO 20022 messaging standard could exacerbate this decline, forcing central banks to explore alternatives such as tokenization. More than 40% of developed market central banks see tokenization as a promising innovation and plan to start research in the next three to five years.
Dec 01, 2024 10:13 am

Frequently Asked Questions

  • What is the all-time high price of Tap Protocol (TAP)?

    The all-time high of TAP was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Tap Protocol (TAP) is 0. The current price of TAP is down 0% from its all-time high.

    Read More
  • How much Tap Protocol (TAP) is there in circulation?

    As of , there is currently 0 TAP in circulation. TAP has a maximum supply of 21.00M.

    Read More
  • What is the market cap of Tap Protocol (TAP)?

    The current market cap of TAP is 0. It is calculated by multiplying the current supply of TAP by its real-time market price of 4.48.

    Read More
  • What is the all-time low price of Tap Protocol (TAP)?

    The all-time low of TAP was 0 , from which the coin is now up 0%. The all-time low price of Tap Protocol (TAP) is 0. The current price of TAP is up 0% from its all-time low.

    Read More
  • Is Tap Protocol (TAP) a good investment?

    Tap Protocol (TAP) has a market capitalization of $0 and is ranked #3331 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Tap Protocol (TAP) price trends and patterns to find the best time to purchase TAP.

    Read More