Tangem AG, a leading global provider of secure hardware wallet solutions, has partnered with Visa to introduce an innovative self-custodial payment solution for hardware wallets. This partnership will enable users to make seamless payments using their crypto or stablecoin balance at Visa-accepting merchant locations across Europe. Unlike traditional custodial solutions, Tangem’s card embeds a private key within the chip, giving users exclusive control over their assets at all times.
The collaboration between Tangem and Visa aims to drive the creation of next-gen payment solutions that prioritize security in the evolving crypto ecosystem. Cuy Sheffield, Vice President, Head of Crypto at Visa, expressed excitement about working with Tangem to enable effortless payments with digital currencies. Andrey Kurennykh, co-founder and CEO of Tangem, highlighted the convenience of their two-in-one solution, combining the features of a regular bank card with a self-custodial crypto wallet.
Tangem Wallet, a card-shaped self-custodial cold wallet, was launched in 2017 with the mission of bringing mass adoption of digital assets using smartcard-based hardware wallets and mobile applications. The company’s bank card-shaped hardware wallet, introduced in 2021, offers a seedless self-custodial multi-currency wallet that allows users to store, buy, earn, transfer, and swap over 6,000 cryptocurrencies and digital assets. With over 1,000,000 cards produced and none hacked, Tangem’s wallet is currently available in 160+ countries.
With Tangem’s self-custodial payment solution, users can bridge the gap between traditional banking and digital assets, making it easier for everyday users to navigate and leverage the benefits of both worlds. This technology enables secure payments using crypto or stablecoins at Visa-accepting locations, ensuring that users maintain exclusive control over their assets. Stay tuned for further updates on the release and availability of Tangem’s innovative payment solution in the near future.
In conclusion, Tangem’s partnership with Visa marks a significant step towards a decentralized future, where users have full control over their digital assets and can make secure payments using their hardware wallets. By combining the convenience of a bank card with the capabilities of a self-custodial crypto wallet, Tangem is paving the way for mass adoption of digital assets and seamless integration with traditional banking systems. Keep an eye out for more updates on this groundbreaking payment solution from Tangem.
