Tangem Launches Innovative Crypto Visa Payment Card Integrated with a Hardware Wallet

Zurich, Switzerland, July 5th, 2024 – Tangem AG, a prominent global provider of secure hardware wallet solutions, is excited to announce a partnership with Visa, a leader in digital payments, aimed at creating an innovative self-custodial payment solution for hardware wallets.

This significant advancement will feature a Visa payment card integrated with a hardware wallet, allowing Tangem users to make seamless payments using their cryptocurrency or stablecoin balances at locations that accept Visa. This technology will be accessible through a Tangem Visa card throughout Europe, and Tangem plans to extend this solution to other issuers interested in offering similar capabilities to their customers.

In contrast to traditional custodial solutions, which require third-party entities to manage user funds, Tangem’s card integrates a private key within the chip and necessitates the physical card’s presence for all transactions. This design ensures that users maintain exclusive control over their assets at all times.

Cuy Sheffield, Vice President and Head of Crypto at Visa, commented, “At Visa, our dedication to security is fundamental to our efforts to enhance the crypto ecosystem. We are excited to partner with Tangem to develop next-generation payment solutions that facilitate effortless transactions using digital currencies, designed with security as a priority.”

Andrey Kurennykh, co-founder and CEO of Tangem, stated, “We are thrilled that Visa has chosen to collaborate with Tangem, one of the most secure solutions for personal cryptocurrency storage. Our users will benefit from a two-in-one solution—combining the convenience of a regular bank card with the features of a self-custodial crypto wallet. This is a major step towards bridging the divide between traditional banking and digital assets, simplifying the experience for everyday users to take advantage of both realms.”

Tangem’s self-custodial payment solution is a significant leap towards a decentralized future. Further updates regarding its launch and availability will be shared shortly.

About Tangem

Tangem Wallet is a card-shaped self-custodial cold wallet that provides users complete control over their private keys. Founded in Switzerland in 2017, the company is dedicated to promoting mass adoption of digital assets through an innovative combination of smartcard-based hardware wallets and mobile applications.

Tangem launched its bank card-shaped hardware wallet in 2021, presenting a unique concept of a seedless self-custodial multi-currency wallet. This wallet enables users to store, buy, earn, transfer, and swap over 6,000 cryptocurrencies and digital assets.

Since its inception, Tangem has produced over 1,000,000 cards, all of which have remained secure from hacking attempts. The Tangem wallet is currently available in more than 160 countries, with plans for future expansion into new markets.

For media inquiries, please contact Darya Karpukova, CCO of Tangem.