According to Odaily, Tangem, a hardware wallet solution, has announced a partnership with payment giant Visa. The collaboration aims to support an innovative self-hosted payment solution for hardware wallets. Additionally, they plan to launch a crypto Visa payment card integrated with a hardware wallet. This development will enable Tangem users to seamlessly pay with their cryptocurrency or stablecoin balance at merchants accepting Visa.
The partnership between Tangem and Visa represents a significant step in the integration of cryptocurrencies into mainstream payment systems. By providing a self-hosted payment solution, the collaboration aims to enhance the security and convenience of transactions for users. The introduction of a crypto Visa payment card further extends the usability of cryptocurrencies, allowing users to spend their digital assets at a wide range of merchants.
This move by Tangem and Visa is part of a broader trend of financial institutions and payment providers recognizing the potential of cryptocurrencies. By integrating crypto payment options into their systems, these companies are not only catering to a growing market of crypto users but also paving the way for wider acceptance and use of digital currencies.