Cryptocurrency wallet Tangem has announced the launch of Tangem Pay, a payment technology certified by Visa. Utilizing its card-format cold wallets, Tangem Pay aims to eventually integrate with users’ MetaMask, Ledger, Trust Wallet, and others, enabling direct cryptocurrency payments.
Introduction of Tangem Pay
Tangem Pay supports various cryptocurrency wallets
What is Tangem Wallet?
Cryptocurrency wallet Tangem yesterday (4th)
Announced
, has partnered with payment giant Visa to launch an emerging hardware wallet technology integrated with Visa cards, with the new product expected to launch by late 2024.
Introduction of Tangem Pay
Tangem explained that this new technology, Tangem Pay, will allow users to make cryptocurrency payments directly from their wallets using merchants’ payment devices or online payment tools. (Officials have not yet fully explained, but it is speculated that users can deduct from their personal cryptocurrency wallets with VISA support)
Tangem Chief Technology Officer Andrey Lazutkin said that as early as February 2022, they received certification from Visa for this technology:
Tangem co-founder Andrey Kurennykh also said that this technology will provide users with a dual solution, namely enjoying the convenience of traditional financial cards and the advantages of cryptocurrency wallets:
Tangem Pay supports various cryptocurrency wallets
Lazutkin continued that Tangem’s goal in launching this technology is to provide a solution that allows any cryptocurrency wallet to become its own financial card, ultimately making blockchain a true payment platform:
In addition, cryptocurrency wallets based on Tangem Pay technology will also support various cryptocurrencies, including USDT, BTC, ETH, etc. In response, Cuy Sheffield, Visa’s cryptocurrency chief, also said that their cooperation with Tangem is crucial for future payments:
What is Tangem Wallet?
Tangem Wallet was launched in 2021 and is a card-shaped hardware cryptocurrency wallet, with its main features described by the Tangem Wallet official as:
Security: Tangem Wallet uses a Hardware Security Module (HSM) to store and protect cryptocurrency private keys, ensuring the security of funds.
Portability: The card design makes it easy to carry and more lightweight compared to traditional hardware wallets.
NFC Technology: Users can interact with the mobile app via NFC (Near Field Communication) technology for transactions and asset management.
Related Reports
What is MetaMask? 2024 Little Fox Wallet Complete Guide: Token Sending and Receiving, Network Switching, Installation, Registration Tutorial
Solana launches “Blinks” for seamless X trading of cryptocurrencies, authorizing Phantom and Backpack wallet tutorials
Blast Airdrop Sparks Internet Fury! Pre-announcing mobile app, cryptocurrency wallet, Golden Ticket scratch cards, able to recover public sentiment?