Tangem to unveil its first crypto Visa payment card combined with a hardware wallet.
July 05 2024 - 6:00AM
Tangem AG, the leading global provider of secure hardware wallet
solutions, is thrilled to announce a partnership with Visa, a world
leader in digital payments, to enable an
innovative self-custodial payment solution for hardware
wallets.
This important development introduces a Visa payment
card that is combined with a hardware wallet that
empowers Tangem users to make seamless payments using their crypto
or stablecoin balance at Visa-accepting merchant location. This
technology will be accessible via a Tangem Visa card across Europe.
Tangem will also make this technology available to other issuers
who are interested in leveraging it for their own customers.
Unlike traditional custodial solutions, which depend on
third-party entities to handle user funds, Tangem's card
embeds a private key within the chip and
requires the physical card's use in every transaction. This
helps ensure that users can maintain exclusive control over their
assets at all times.
Cuy Sheffield, Vice President, Head of Crypto, Visa,
comments: “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: “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”.
Tangem's self-custodial payment solution brings us one step
closer to a decentralized future.
Stay tuned for further updates on its release and
availability.
About Tangem
Tangem Wallet is a card-shaped self-custodial
cold wallet that gives you full control of your private keys. The
Swiss-based company launched in 2017 with a mission of bringing
mass adoption of digital assets using a unique combination of a
smartcard-based hardware wallet and mobile applications.
The company launched its bank card-shaped
hardware wallet in 2021, introducing an innovative concept of a
seedless self-custodial multi-currency wallet. The wallet allows
users to store, buy, earn, transfer, and swap over 6,000
cryptocurrencies and digital assets.
Since its launch, Tangem has produced over
1,000,000 cards and none have been hacked. The Tangem wallet is
currently available in 160+ countries and expanding to new
jurisdictions in future.
Contact Info
Darya Karpukova, CCO
press(at)tangem.com