Tangem, a Swiss fintech firm, announces Tangem Pay, a Visa-backed stablecoin card with self-custody wallet launching in November across the US, Latin America, and Asia-Pacific.
This collaboration highlights increased integration of digital assets in retail payments, ensuring security and user ownership, potentially reshaping consumer trust in crypto transactions.
Tangem, a Swiss fintech firm, is set to launch Tangem Pay, a Visa-backed card featuring a unique self-custodial cold wallet chip. This innovation enhances crypto asset integration into global retail payments while ensuring user ownership and security.
Tangem Pay allows cardholders to maintain complete control over their assets, offering a two-in-one solution that combines traditional card convenience with crypto wallet security. This debut underscores a shift towards secure crypto transaction facilitation.
Visa and Tangem Set to Revolutionize Crypto Payments
The launch positions Tangem and Visa as leaders in merging crypto with retail, promoting user-centric ownership. With Visa offering extensive payment networks, Tangem Pay could potentially transform how digital currencies are used by consumers worldwide.
Experts suggest Tangem Pay might influence increased crypto transactions, leveraging Visa’s robust network. This could lead to financial and technological advancement for crypto adoption, noted for its security and user control focus. As Cuy Sheffield, VP, Head of Crypto at Visa, said, “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.”
Tangem Pay Challenges Custodial Crypto Cards’ Dominance
Tangem’s launch contrasts with past crypto cards requiring custodial accounts. It highlights efforts to provide genuine asset control, unlike previous offerings from companies like Coinbase and Crypto.com, which necessitated account pre-funding.
Experts believe Tangem Pay can revolutionize self-custody solutions for crypto payments. As digital asset spending expectations grow, such innovations align with rising demands for secure, user-managed crypto payments, setting a fresh industry standard.
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