For years, PayPal has been a giant in digital payments. Each day, it is used by millions of people to make purchases, send money, or conduct business online. Over the last few years, PayPal has started to get more and more involved with crypto, enabling users to pay with cryptos such as Bitcoin or Ethereum and converting them into dollars or stablecoins. But fees remain high, and the opportunity for disruption is massive.

Digitap, a new crypto-fiat platform, is now competing with PayPal. Its tagline is “the world’s first omnibank,” and it is already accessible on the App Store and Google Play. Can Digitap truly capture a significant share of the global payments market and catch up with PayPal?

PayPal’s Strengths and Weak Spots

The introduction of crypto in PayPal was a giant leap. Now, merchants have the capability to accept more than a hundred different cryptocurrencies, while customers can make use of wallets such as Coinbase or MetaMask. The company takes those crypto payments and instantly converts them into fiat or its own stablecoin, PYUSD, making the process very easy for merchants. Still, the fees are high, and many report it being a difficult process.

Crypto withdrawals and deposits are frequently accompanied by restrictions, identity verifications, or delays. Exchange spreads and hidden fees can become significantly high, especially for the smaller coins. And as PayPal is a heavily regulated entity, it is allowed to suspend accounts, hinder transactions, or take more time than usual in completing funds in certain areas.

What Digitap Does Differently

Digitap is a crypto solution focused on addressing problems that traditional banks and even PayPal have yet to solve. Its operating principle fuses fiat banking, crypto services, and payment cards all into one app. Let’s take a glance at three of the main features that give it a competitive advantage.

The main idea behind Digitap’s ‘omnibank’ is to have all services within the same bank. A client can receive his or her paycheck in euros, watch the money being credited to the app, keep Bitcoin side by side, and spend either through immediate transfer or using a Digitap card. The smart exchange engine used by the app makes conversions at the best rates in the market. No waiting, no using different apps, and no middlemen who take their hidden fees. For freelancers, travelers, and everyday users, this level of simplicity is a potential game-changer.

In contrast to PayPal, Digitap also has bank accounts in well-regulated offshore banks. This is quite a fork in the road in the crypto landscape and gives users more privacy as well as more security for their money. It pledges the use of ultra-safe encryption and the option of privacy while still being 100% compliant with international laws.

Can Digitap Overtake PayPal?

If we compare these companies in terms of their scale, PayPal is likely to remain the leader for some time. However, considering factors such as user experience, adaptability, and addressing the challenges faced by the global money transfer market, Digitap might be the solution that individuals are already seeking, including digital nomads, freelancers, or those residing in countries with underdeveloped banking systems.

This means the upside for investors is significantly higher in Digitap than in PayPay.

Conclusion

Crypto took a prominent place in PayPal’s global payments network as a result of big technological moves by the company. However, it still looks like a traditional company that has merely added crypto as an additional feature. Digitap is a totally different story; it was created from the very beginning to treat crypto and fiat as one and the same.

The presale is now open for $TAP, and users can join the journey to disrupt Fintech giants. Available for just $0.0125 but with prices increasing each stage investors will have to move fast.

Learn more about Digitap ($TAP) here:

Presale: https://presale.digitap.app

Social: https://linktr.ee/DigiTap.app