Zurich, Switzerland, July 5, 2024, Chainwire
Tangem AG, the world’s leading provider of secure hardware wallet solutions, is pleased to announce a partnership with Visa (NYSE:), a global leader in digital payments, to enable an innovative self-custody payment solution for hardware wallets.
This important development Introduces a Visa payment card that is combined with a hardware wallet which allows Tangem users to seamlessly make payments using their cryptocurrency or stablecoin balance at merchants that accept Visa. 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 rely on third-party entities to handle user funds, Tangem's card embeds a private key within Both the chip and the physical card are required for every transaction, ensuring that users maintain exclusive control over their assets at all times.
Cuy Sheffield, Vice President and Head of Cryptocurrency at Visa, comments: “At Visa, our commitment to security is rooted in our drive to help evolve the cryptocurrency ecosystem. With our partnership with Tangem aimed at driving the creation of next-generation 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 trusted and secure solutions for personal cryptocurrency storage. Our users will get A two-in-one solution “The convenience of a conventional 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 reap the benefits of both worlds.”
Tangem's self-custodial payment solution brings us one step closer to a decentralized future.
Further updates on release and availability will be provided soon.
About Tangem
Tangem Wallet is a self-custody, card-shaped cold wallet that gives you full control over your private keys. The Switzerland-based company launched in 2017 with a mission to achieve mass adoption of digital assets through a unique combination of a smart card-based hardware wallet and mobile apps.
The company launched its bank card-shaped hardware wallet in 2021, introducing an innovative seedless self-custodial multi-currency wallet concept. The wallet allows users to store, buy, earn, transfer and exchange 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 over 160 countries and will be expanding to new jurisdictions in the future.
ContactDirector of operationsDarya KarpukovaTangent[email protected]
This article was originally published on Chainwire
