Tangem, a leading provider of hardware wallet solutions, has partnered with Visa to launch a groundbreaking Visa-integrated crypto wallet, enabling secure and direct cryptocurrency transactions for everyday purchases.
Key Features of Tangem Pay
- Visa-Integrated Hardware Wallet: Seamlessly connects crypto holdings with Visa’s global payment network.
- Self-Custodial Security: Operates with or without a seed phrase, prioritizing user control.
- Tether (USDT) Support: Initial rollout focuses on USDT transactions via the Polygon network.
Seamless Transactions Through Visa Integration
Tangem’s collaboration with Visa introduces a novel hardware wallet technology that merges with Visa payment cards. Users can now spend cryptocurrencies directly from their self-hosted wallets at physical stores and online merchants. This integration simplifies crypto adoption for daily transactions, bridging the gap between digital assets and mainstream finance.
"Tangem Pay represents a leap forward in financial innovation, combining decentralized custody with traditional payment rails."
Visa Certification and Technological Advancements
Certified by Visa in February 2022, Tangem’s hardware wallet meets stringent security standards. Key highlights of Tangem Pay include:
| Feature | Description |
|---|---|
| Self-Custodial | Users retain full asset control, with optional seed phrase functionality. |
| Merchant Payments | Direct crypto-to-fiat conversions at Visa-accepted terminals worldwide. |
| Multi-Crypto | Initial support for USDT, with plans to expand to other major cryptocurrencies. |
Strategic Expansion and SaaS Platform
Tangem is rolling out a B2C solution accessible to users of any crypto wallet, alongside a SaaS platform for third-party wallets to issue branded Visa cards. This dual approach accelerates the integration of crypto into traditional banking ecosystems.
Planned Developments:
- Global Availability: Targeting broader accessibility beyond initial markets.
- Additional Cryptos: Expanding support beyond USDT to include Bitcoin, Ethereum, and stablecoins.
Transforming Finance: Crypto Meets Traditional Banking
The Tangem-Visa partnership marks a pivotal shift in merging decentralized finance (DeFi) with conventional payment systems. By enhancing crypto’s practicality for everyday use, this collaboration could:
- Boost Mainstream Adoption: Reduce barriers for non-technical users.
- Drive Institutional Interest: Encourage banks to explore crypto-integrated products.
👉 Explore Tangem’s Vision for Secure Crypto Payments
FAQ: Tangem Pay and Visa Integration
Q1: How does Tangem Pay ensure transaction security?
A1: Tangem Pay uses military-grade encryption and Visa’s fraud detection systems, ensuring secure self-custodial transactions without compromising convenience.
Q2: Can I use Tangem Pay without a seed phrase?
A2: Yes! The wallet supports both seed-based and seedless modes, catering to users prioritizing simplicity or advanced security.
Q3: Which merchants accept Tangem Pay?
A3: Any merchant accepting Visa payments globally, from retail stores to online platforms.
Q4: Will Tangem Pay support other blockchains?
A4: Future updates will include EVM-compatible chains and major Layer 2 networks.
👉 Learn How to Get Started with Tangem Pay
Conclusion
Tangem’s innovation with Visa redefines crypto usability, offering a secure, scalable, and user-friendly payment solution. As the financial landscape evolves, such integrations pave the way for broader crypto adoption and hybrid banking models.