Describe the recipient relationship

Tell the provider whether the destination account belongs to you, your company, a supplier or another party. Ask which relationships, countries and currencies its current programme permits. Request the exact beneficiary information and verification conditions required. Do not assume that a successful transfer to your own account proves that third-party payments are also supported. Those are different operating questions and should receive separate answers before you design a commercial workflow around them.

Keep the records across both legs

Ask what evidence identifies the conversion and what evidence identifies the subsequent fiat movement. Decide how finance will connect those records and investigate an incomplete journey. For proposed Tap Tap Go European crypto-to-bank services, verify the licensed-partner programme, launch status and customer eligibility before treating the route as available. The useful evaluation considers the full path to the intended recipient rather than stopping at a screen showing that an asset has been converted.

Imagine this

Hypothetical example

A hypothetical company wants to convert a supported asset and pay a supplier. The provider confirms own-account withdrawals but asks for a separate review of supplier payments. The company records that limitation and does not promise the supplier a route that has not yet been confirmed for its account.

Make it practical.

Use this checklist as you read. Checks are not stored.

References & further reading

Background reading — European Supervisory Authorities: crypto-asset consumer warning ↗

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