Tangem, the global leader in secure hardware wallet solutions, is set to unveil its revolutionary crypto Visa payment card combined with a hardware wallet. In an exciting partnership with Visa, the world’s leading digital payments company, Tangem will introduce an innovative self-custodial payment solution for hardware wallets.
This groundbreaking development will see the creation of a Visa payment card that integrates seamlessly with a hardware wallet, empowering Tangem users to make frictionless payments using their cryptocurrency or stablecoin balance at any Visa-accepting merchant location. This cutting-edge technology will initially be available through a Tangem Visa card across Europe, with plans to extend its availability to other issuers interested in utilizing it for their own customers.
Unlike traditional custodial solutions that rely on third-party entities to handle user funds, Tangem’s card includes a private key within the chip and requires physical card usage for every transaction. This ensures that users maintain full control over their assets at all times, enhancing security and peace of mind.
Cuy Sheffield, Vice President and Head of Crypto at Visa, expressed his enthusiasm for the partnership, stating, “At Visa, our commitment to security is deeply embedded in our efforts to advance the crypto ecosystem. Through our collaboration with Tangem to drive the creation of next-generation payment solutions, we are excited to facilitate seamless payments with digital currencies that prioritize security.”
Andrey Kurennykh, co-founder and CEO of Tangem, shared his excitement for the partnership as well, saying, “We are thrilled that Visa has chosen to partner with Tangem, a trusted and secure solution for personal cryptocurrency storage. Our users will benefit from a two-in-one solution – the convenience of a regular bank card combined with the capabilities of a self-custodial crypto wallet, all in one card. This represents a significant step towards bridging the gap between traditional banking and digital assets, making it easier for everyday users to navigate and leverage the advantages of both worlds.”
Tangem’s self-custodial payment solution is a significant stride towards a decentralized future. Stay tuned for more updates on the release and availability of this groundbreaking technology.
About Tangem:
Tangem Wallet is a card-shaped self-custodial cold wallet that gives users complete control over their private keys. Founded in Switzerland in 2017, Tangem’s mission is to drive mass adoption of digital assets through its unique combination of a smartcard-based hardware wallet and mobile applications.
In 2021, the company introduced its bank card-shaped hardware wallet, a pioneering concept in seedless self-custodial multi-currency wallets. This wallet enables users to store, purchase, earn, transfer, and exchange over 6,000 cryptocurrencies and digital assets.
Since its launch, Tangem has produced over 1,000,000 cards, all of which have remained unhacked. The Tangem wallet is currently available in 160+ countries and will continue to expand to new jurisdictions in the future.
For more information, contact:
Darya Karpukova, Chief Communications Officer
[email protected]
