Tangem Visa-Integrated Crypto Wallet Promises to Innovate Digital Payments

Salar Khan
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Tangem Visa-Integrated Crypto Wallet to Innovate Digital Payments

Working with Visa, Tangem, a Bitcoin wallet company, is combining conventional payments with self-custody. The company revealed on July 4 that Tangem has teamed with Visa to introduce a new hardware wallet technology linked with Visa payment cards. 

Released under the Tangem name, the new business-to-consumer (B2C) solution is likely to be introduced by year-end, Tangem chief technology officer (CTO) Andrey Lazutkin told newsmen. With Tangem Pay, a payment mechanism that lets users spend crypto straight from the self-custodial wallet through merchants’ payment terminals or online payment tools, Tangem’s next crypto wallet presents Visa-certified Tangem for this payment system in February 2022. 

“We received certification from Visa and a patent for the technology, and now we have developed a product that we will soon be ready to present to the world,” Lazutkin stated.

“Our users will get a two-in-one solution — the convenience of a regular bank card and the capabilities of a self-custodial crypto wallet, all in one card,” Tangem co-founder Andrey Kurennykh said, adding:

“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.”

Lazutkin told reporters that Tangem Pay is based on a smart contract and comes with one card without a seed phrase, whereas Tangem’s wallet solution is self-custodial and can operate with or without a seed phrase.

Initially, Tangem intends to introduce a B2C solution that will be accessible to users of any wallet, not just Tangem, as a “standard Web3 service,”  Lazutkin stated.

The company is currently working on a software-as-a-service solution that will “let any wallet issue cards under their own brand.” It wants to build a platform. The executive said the technology is meant to let banks include cryptocurrency solutions in their product offerings and let blockchains become “platforms for payments.”

Tangem Visa-Integrated Crypto Wallet to Innovate Digital Payments
Tangem Visa-Integrated Crypto Wallet to Innovate Digital Payments

“Tangem Pay can be connected to any wallet like MetaMask, Ledger, or Trust Wallet,” Lazutkin added. ” Users may still access their accounts using the main wallet interface if the Tangem Pay card is lost or broken.”

He also noted that although the new Tangem wallet supports any cryptocurrency, the company intends to start with Tether USDT on the Polygon network.

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According to its website, Tangem supports at least 59 networks, including Bitcoin and Ethereum, at the time of this writing.

Head of crypto, Cuy Sheffield from Visa, underlined that the company’s future of payments depends on its cooperation with Tangem. He said:

“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.”

Launched in 2021, Tangem Wallet is a card-shaped self-custodial cold wallet enabling users to store cryptocurrencies, including Bitcoin, using both seed and seedless wallet activation.

A Tangem spokesman told newsmen, “80% of our users activated wallets without seed phrases using our smart backup technology.”

A Tangem Wallet set can hold up to three Tangem cards. “You get three equal cards in one wallet, just like having three identical keys to your room door,” the official said.

Tangem has generated over a million cards since its inception. Currently present in at least 160 nations, the wallet will grow to new territories going forward.

A self-custodial wallet is a wallet meant to hold cryptocurrencies like Bitcoin without any middleman. A user, therefore, directly owns crypto assets and has complete control over the stored cryptocurrencies.


Tangem’s collaboration with Visa marks a major step in merging traditional banking with digital assets. By offering a combined bank card and self-custodial crypto wallet, Tangem simplifies the use of cryptocurrencies in daily transactions. The new Tangem Pay, with its smart contract-based system and broad compatibility, aims to serve individual consumers and banks alike. This partnership highlights Visa’s commitment to next-gen payment technologies and Tangem’s vision of integrating traditional and digital finance. With the B2C solution launching by year-end, the broader adoption of cryptocurrency in everyday payments is becoming a reality, ushering in a new era of financial inclusivity and flexibility.


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Salar Khan is a seasoned writer with over five years of experience, specializing in the dynamic disciplines of fintech and cryptocurrency. Salar is renowned for his insightful analyses and captivating content, which he employs to simplify intricate subjects into compelling narratives. He has established a reputation for reliability and expertise as a result of his work being featured in prominent industry publications. Salar is committed to producing high-quality, impactful writing that keeps readers informed and ahead of the curve, whether it is uncovering the most recent blockchain advancements or demystifying financial technologies.
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