Introduction
Tangem, a pioneering Bitcoin wallet provider, has partnered with Visa to revolutionize digital payments by merging self-custody crypto wallets with traditional Visa payment cards. This groundbreaking integration, announced on July 4, enables users to spend cryptocurrencies seamlessly via merchants’ terminals or online platforms while maintaining full asset control.
Key Features of Tangem’s Visa-Integrated Wallet
1. Dual-Functionality Card
- Combines a self-custodial crypto wallet with a Visa payment card.
- Eliminates the need for intermediaries, offering direct ownership of digital assets.
2. Tangem Pay: Smart Contract-Based Payments
- Certified by Visa in February 2022, this system allows crypto spending directly from the wallet.
- Compatible with popular wallets like MetaMask, Ledger, and Trust Wallet.
3. Seedless Wallet Activation
- 80% of Tangem users opt for seedless activation via smart backup technology.
- Supports both seed phrase and seedless setups for flexibility.
4. Multi-Card Wallet Sets
- Each Tangem Wallet includes three identical cards for backup and shared access.
- Over 1 million cards distributed globally across 160+ countries.
How Tangem Pay Works
👉 Discover Tangem’s Next-Gen Payment Solutions
- Smart Contract Foundation: Ensures secure, automated transactions.
- Loss Protection: Users retain access via their primary wallet interface if the card is lost.
- Broad Cryptocurrency Support: Launching with USDT on Polygon; supports 59+ networks, including Bitcoin and Ethereum.
Visa’s Role in the Partnership
Cuy Sheffield, Visa’s Head of Crypto, emphasized:
"Our collaboration with Tangem drives next-gen payment solutions, enabling secure, effortless digital currency transactions."
Future Roadmap
B2C Solution Launch (Year-End 2024)
- Web3 Service: Accessible to users of any wallet, not just Tangem.
- SaaS Platform: Allows wallets to issue branded Visa-integrated cards.
Bank and Blockchain Integration
- Aims to help banks adopt crypto solutions and transform blockchains into payment platforms.
FAQs
1. Can I use Tangem Pay with non-Tangem wallets?
Yes! It integrates with wallets like MetaMask and Ledger.
2. What happens if my Tangem card is lost?
Your assets remain secure; access them via your primary wallet interface.
3. Which cryptocurrencies are supported?
Initially USDT on Polygon, with plans to expand across 59+ networks.
4. Is Tangem Wallet truly self-custodial?
Absolutely—users hold private keys without third-party involvement.
👉 Explore Tangem’s Global Expansion
Conclusion
Tangem’s Visa-integrated wallet redefines financial flexibility by uniting traditional banking convenience with cryptocurrency autonomy. This innovation accelerates crypto adoption for everyday payments, backed by Visa’s trusted infrastructure. With the B2C solution launching soon, Tangem is poised to democratize digital asset usability, fostering a future where financial inclusivity and cutting-edge technology coexist seamlessly.
Disclaimer: This article is for informational purposes only. Cryptocurrency investments carry risks; conduct independent research before deciding.
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