Cryptocurrency wallet firm Tangem is collaborating with Visa to bring self-custody and mainstream payments together.The new business-to-consumer product will be released under the Tangem brand and is expected to be launched by year end, Tangem chief technology officer Andrey Lazutkin told Cointelegraph.
“This is a significant step towards bridging the gap between traditional banking and digital assets, making it easier for everyday users to navigate and leverage the benefits of both worlds.", Tangem Pay is based on a smart contract and comes with one card without a seed phrase, Lazutkin told Cointelegraph.Tangem initially plans to launch a B2C solution available to users of any wallet, not just Tangem, as a “standard Web3 service,” Lazutkin noted.
"Tangem Pay can be connected to any wallet like MetaMask, Ledger, Trust Wallet,” Lazutkin said, adding that users can still access their accounts through the main wallet interface if the Tangem Pay card is lost or damaged. “With our partnership with Tangem aimed at driving the creation of next-gen payment solutions, we are excited to work with Tangem to help enable effortless payments with digital currencies designed with security in mind.”