Visa Expands Its Bet on Crypto With This Collab

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As a seasoned crypto investor with a deep understanding of the market, I’m thrilled about the recent announcement from Tangem and Visa regarding their advanced integration. This collaboration is a game-changer for us crypto enthusiasts as it blurs the lines between traditional banking and digital assets, making daily transactions more seamless than ever before.

As a seasoned analyst, I’m excited to share insights about an innovative partnership between Tangem, a renowned hardware wallet provider, and Visa, a leading card system company. This collaboration marks a significant step forward in their efforts to merge the worlds of cryptocurrency and traditional fiat payments, as well as bridge the gap between Web2 and Web3 business models for B2C transactions.

Visa, Tangem announce holistic integration between hardware wallet and credit card

As a crypto investor, I’m excited to share that Tangem, a leading hardware wallet manufacturer, has recently revealed a new stage of partnership with Visa, the well-known card system. In this collaboration, Tangem is developing a Web3 platform for decentralized payments that seamlessly integrates with Visa’s robust payment infrastructure. This means that users of Tangem wallets will be able to make transactions using decentralized applications directly from their wallets, while still benefiting from the widespread acceptance and security features offered by Visa.

VISA // Tangem Crypto Wallet App

“Bridging traditional banking and digital assets..”

— Chad Steingraber (@ChadSteingraber) July 5, 2024

According to the CTO of Tangem, Andrey Lazutkin, users of hardware wallets can now effortlessly utilize their cryptocurrencies for day-to-day transactions.

As a crypto investor, I can tell you that by utilizing any cryptocurrency wallet, you have the ability to establish a decentralized account. This means you maintain full control over your funds without the need for a third party custodian. Additionally, you’ll receive a non-custodial card which allows you to easily manage and execute transactions with convenience.

The product’s specific launch date remains undisclosed, but it is anticipated to hit the market by the end of 2024. Through an active patent held by Visa extending till 2030, this innovative wallet technology will carry the Tangem label.

Previously reported by U.Today, Visa will begin implementing its stablecoin settlement system on Ethereum (ETH) and Solana (SOL) blockchains starting from the fourth quarter of 2023.

Circle’s USDC, the second largest stablecoin in terms of market capitalization, served as the fundamental component in this design for cross-border money transfers.

Crypto payments become available at any Visa-enabled POS

The head of cryptocurrency at Visa, Cuy Sheffield, expresses enthusiasm over Visa’s new partnership with Tangem and its potential role in achieving Web3 goals for the company.

I’m thrilled about our new collaboration with [Company Name]. This partnership allows me, as a crypto investor, to enjoy the perks of a Visa card directly integrated into my hardware wallet. Now, I can easily spend my crypto or stablecoin balances at any merchant that accepts Visa payments. Isn’t it amazing how we’re making cryptocurrency transactions more convenient?

Payments can be processed through the merchants’ network of offline and online payment channels.

I, as a researcher, would express it this way: With Tangem supporting over fifty cryptocurrencies, cardholders can now make direct transactions using these digital currencies via customized Visa cards, just as easily as they did with traditional bank-issued credit or debit cards.

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2024-07-06 21:53