Crypto wallet provider Tangem is collaborating with Visa to launch a payment card that will integrate with the Swiss firm’s self-custodial hardware wallet. This partnership will enable users to make seamless payments using their crypto or stablecoin balances at any merchant that accepts Visa.
Tangem Wallet is a card-shaped cold wallet that allows users to store, buy, earn, transfer, and swap over 6,000 cryptocurrencies and digital assets. Unlike traditional custodial solutions that rely on third-party entities to manage user funds, Tangem’s card embeds a private key within the chip and requires the physical card for every transaction.
Andrey Kurennykh, co-founder and CEO of Tangem, states, “Our users will get a two-in-one solution – the convenience of a regular 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 leverage the benefits of both worlds.”