Tangem Pay: The Future of Stablecoin Payments

Cryptocurrency wallet company Tangem has announced the launch of Tangem Pay, an innovative virtual Visa card that directly connects to a user's hardware wallet, enabling them to spend stablecoins at millions of merchants globally. The service was developed in collaboration with US payment infrastructure company Paera.

Seamless Integration of Stablecoins with Visa Payments

Tangem Pay allows users to deposit and spend Circle’s USDC stablecoin on the Polygon network. Marcos Nunes, CEO of Tangem Pay, stated, "Once the user deposits into their Tangem Pay account, they can spend anywhere Visa is accepted, regardless of the local currency." He added that the solution supports Apple Pay and Google Pay for instant Visa payments.

Gradual Global Rollout

Tangem Pay will begin issuing cards in late November across the United States, Latin America, and major Asia-Pacific countries, followed by a European launch in 2026. Initial availability will be in 42 countries.

Focus on Self-Custody Experience

The launch of Tangem Pay aligns with Tangem’s goal of delivering a full self-custody experience, which the company sees as "store, grow, and spend." Unlike custodial wallets, self-custodial solutions allow users to store crypto without relying on third parties.

Self-Custody Meets KYC Requirements

Although Tangem’s hardware wallet embodies the "be-your-own-bank" principle by providing a cold wallet, the Tangem Pay account remains subject to Know Your Customer (KYC) requirements. Tangem emphasizes that it has no access to user data, and if a user undergoes KYC, it only applies to their Tangem Pay balance. The compliance and settlement portions of Tangem Pay are handled by Rain, a stablecoin payment infrastructure.

The Future of Stablecoin Payments

The launch of Tangem Pay represents a significant step towards integrating stablecoins into everyday payments, offering users a secure and convenient way to spend their digital assets globally.

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