Tangem partners with Visa to launch self-custodial payment solution

Crypto hardware wallet institution Tangem partnered with Visa to let its users to usage their self-custodial devices to marque payments straight astatine implicit 95 cardinal Visa terminals globally, according to a Sept. 8 property connection shared with CryptoSlate.

The Switzerland-based cryptocurrency institution disclosed that it obtained VISA certification the erstwhile year. This certification empowered users to utilize their Tangem applet, Tangem Pay, for payments astatine establishments accepting VISA cards.

The integration of VISA’s outgo paper chips with the Tangem applet allows the slope paper to store a cryptocurrency wallet’s nationalist and backstage keys securely.

In applicable terms, erstwhile these cards are employed for payments, they tin make a Visa outgo message. Simultaneously, an OTP (one-time password) is developed to motion a transaction connected the blockchain.

The steadfast stated that this caller exertion would beryllium launched adjacent twelvemonth and it would beryllium “the archetypal afloat self-custodial outgo solution integrated with a planetary outgo network.”

Tangem eyes upgrade

Meanwhile, the company’s concern is coming arsenic portion of efforts to wholly redesign its exertion and adhd caller features to amended idiosyncratic experience.

Tangem unveiled a scope of caller features, including token sorting, a acheronian theme, and providing users with the enactment of concealing their disposable balances. Additionally, the institution has announced enhancements to its marque benignant guide, a refreshed logo, and redesigned cards and packaging.

To bolster its firmware security, Tangem plans to present a firmware audit feature, allowing users to verify the integrity of their firmware. They are besides gearing up to motorboat a caller merchandise leafage connected Sept. 10, implicit with 24/7 lawsuit support.

Furthermore, Tangem confirmed that its cards volition beryllium distributed to much than 140 countries via warehouses successful Europe, the USA, and Hong Kong from Oct. 10.

Tangem has emerged arsenic a apical challenger successful the hardware wallet sector, rivaling much storied rivals similar Trezor and Ledger. The institution said it recorded a 738% maturation successful its monthly progressive users implicit the past months and believes its planned upgrade would assistance to pull much customers globally.

The station Tangem partners with Visa to motorboat self-custodial outgo solution appeared archetypal connected CryptoSlate.