Tangem is set to unveil its inaugural crypto Visa payment card coupled with a hardware wallet, marking a pioneering partnership with Visa, a global leader in digital payments. This collaboration introduces an innovative self-custodial payment solution tailored for hardware wallets.
This groundbreaking initiative features a Visa payment card integrated with a hardware wallet, enabling Tangem users to seamlessly conduct transactions using their crypto or stablecoin holdings at any Visa-accepting merchant worldwide. Initially accessible through Tangem Visa cards across Europe, this technology will also be offered to other issuers keen on enhancing their customer offerings.
Diverging from conventional custodial models reliant on third-party management of user funds, Tangem’s card embeds a private key within its chip, necessitating its physical presence for each transaction. This ensures users retain complete control over their assets at all times.
Cuy Sheffield, Vice President and Head of Crypto at Visa, remarked, “At Visa, security remains paramount in our commitment to advancing the crypto ecosystem. Through our partnership with Tangem to pioneer next-generation payment solutions, we look forward to facilitating seamless digital currency payments with enhanced security.”
Andrey Kurennykh, co-founder and CEO of Tangem, expressed enthusiasm about the collaboration with Visa, underscoring Tangem’s reputation as a secure solution for personal cryptocurrency storage. “Our users benefit from a dual-function solution—a traditional bank card’s convenience merged with the capabilities of a self-custodial crypto wallet, all within a single card,” he stated. “This represents a significant stride in bridging traditional banking with digital assets, simplifying accessibility for everyday users to harness the advantages of both realms.”
Tangem’s self-custodial payment innovation marks a significant stride toward a decentralized future. Stay tuned for updates on its forthcoming launch and availability.
**About Tangem**
Tangem Wallet presents a card-shaped self-custodial cold wallet that grants full control over private keys. Established in Switzerland in 2017, Tangem aims to foster widespread adoption of digital assets through its unique combination of a smartcard-based hardware wallet and mobile applications.
The company introduced its bank card-shaped hardware wallet in 2021, featuring a pioneering seedless self-custodial multi-currency wallet concept. Tangem Wallet supports storage, purchase, earnings, transfers, and exchanges for over 6,000 cryptocurrencies and digital assets.
Having manufactured over 1,000,000 cards since inception, Tangem Wallet boasts an impeccable security record with availability in 160+ countries and plans for further global expansion.
**Contact Info**
Darya Karpukova, CCO
[email protected]
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