In a groundbreaking development, Tangem has partnered with Visa to introduce a new Visa payment card that combines the convenience of a traditional payment card with the security and functionality of a hardware wallet.
This innovative solution empowers Tangem users to seamlessly make payments using their crypto or stablecoin balances at any merchant location that accepts Visa, transforming how digital assets are used in everyday transactions across Europe.
The Tangem Visa card sets itself apart from traditional custodial solutions by embedding a private key within the card’s chip.
This design ensures that users retain exclusive control over their assets, as the physical card is required for each transaction.
By eliminating reliance on third-party entities to handle user funds, Tangem enhances security and provides users with unparalleled confidence in managing their digital currencies.
Cuy Sheffield, Vice President and Head of Crypto at Visa, expressed enthusiasm about the partnership:
“At Visa, our commitment to security is ingrained in our pursuit to help evolve the crypto ecosystem. With our partnership with Tangem aimed at driving the creation of next-gen payment solutions, we are excited to work with Tangem to help enable effortless payments with digital currencies designed with security in mind.”
Andrey Kurennykh, co-founder and CEO of Tangem, highlighted the benefits of this collaboration:
“We are delighted that Visa has chosen to partner with Tangem, one of the most reliable and secure solutions for personal cryptocurrency storage. Our users will get a two-in-one solution – the convenience of a regular bank card and the capabilities of a self-custodial crypto wallet, all in one card. This is a significant step towards bridging the gap between traditional banking and digital assets, making it easier for everyday users to navigate and leverage the benefits of both worlds.”
Beyond just serving its users, Tangem plans to offer this pioneering technology to other issuers interested in leveraging it for their customers, potentially expanding its impact across the financial landscape.
Tangem’s self-custodial payment solution marks a significant advancement towards a decentralized future, reinforcing the integration of digital assets into mainstream financial systems.
This collaboration between Tangem and Visa signifies a transformative step in the integration of digital assets with traditional financial systems, promising a future where the use of cryptocurrencies is as seamless as using a conventional payment card.
Stay tuned for further updates on its release and availability.
About Tangem
Tangem Wallet is a Swiss-based company that launched in 2017 with the mission of bringing mass adoption of digital assets through a unique blend of a smartcard-based hardware wallet and mobile applications.
In 2021, Tangem introduced its innovative bank card-shaped hardware wallet, offering a seedless, self-custodial, multi-currency solution that allows users to store, buy, earn, transfer, and swap over 6,000 cryptocurrencies and digital assets.
To date, Tangem has produced over 1,000,000 cards, none of which have been hacked, underscoring the company’s commitment to security.
The Tangem wallet is available in over 160 countries and continues to expand its reach.
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