Tangem AG, the leading global provider of secure hardware wallet solutions, is thrilled to announce a partnership with Visa (NYSE:V), a world leader in digital payments, to enable an innovative self-custodial payment solution for hardware wallets.
This important development introduces a Visa payment card that is combined with a hardware wallet that empowers Tangem users to make seamless payments using their crypto or stablecoin balance at Visa-accepting merchant location. This technology will be accessible via a Tangem Visa card across Europe. Tangem will also make this technology available to other issuers who are interested in leveraging it for their own customers.
Unlike traditional custodial solutions, which depend on third-party entities to handle user funds, Tangem’s card embeds a private key within the chip and requires the physical card’s use in every transaction. This helps ensure that users can maintain exclusive control over their assets at all times.
Further updates on its release and availability will be provided soon.
About Tangem
Tangem Wallet is a card-shaped self-custodial cold wallet that gives you full control of your private keys. The Swiss-based company launched in 2017 with a mission of bringing mass adoption of digital assets using a unique combination of a smartcard-based hardware wallet and mobile applications.
The company launched its bank card-shaped hardware wallet in 2021, introducing an innovative concept of a seedless self-custodial multi-currency wallet. The wallet allows users to store, buy, earn, transfer, and swap over 6,000 cryptocurrencies and digital assets.
Since its launch, Tangem has produced over 1,000,000 cards and none have been hacked. The Tangem wallet is currently available in 160+ countries and will expand to new jurisdictions in the future.
ContactCCODarya KarpukovaTangempress@tangem.com
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
