Tangem, a crypto wallet provider, has partnered with Visa to launch Tangem Pay, a payment solution that allows users to spend their cryptocurrencies (like SHIB) directly at millions of Visa-accepting merchants worldwide, making it more convenient to use digital assets.
Bridging the Gap Between Crypto and Traditional Finance
Launching later this year, Tangem Pay represents a significant step forward in integrating cryptocurrencies into mainstream financial systems. Tangem CEO, Andrey Kurennykh, emphasizes the solution’s dual benefit, stating that Tangem Pay offers a two-in-one solution, combining the security and control of a self-custody wallet with the ease of use of a traditional debit card.
Read Also: Shiba Inu Releases Latest Update on SHIB Cold Wallets: Details
This initiative facilitates a bridge between the worlds of traditional finance and decentralized digital assets, empowering users to leverage the advantages of both ecosystems.
Tangem Pay will initially support Tether (USDT) on the Polygon network but plans to add more cryptocurrencies in the future. Tangem’s wallets already support thousands of digital assets across 59 blockchain networks, including SHIB, LEASH, and BONE on various networks like Ethereum, BSC, and Shibarium.
Beyond Shiba Inu: Tangem Pay Expands to Major Crypto Wallets
While the partnership with Shiba Inu initially brought Tangem into the spotlight, Tangem Pay’s reach extends beyond customized wallets. The company has ambitious plans to integrate this payment solution with other popular crypto wallets, including Metamask, Trust Wallet, and Ledger. This inclusivity ensures a broader impact within the cryptocurrency community.
Tangem’s Enduring Partnership with Shiba Inu (SHIB)
Established in 2021, Tangem has created a niche in the crypto custody solutions market with its innovative card-shaped hardware wallets. These wallets offer users the flexibility of seed-based or seedless activation for enhanced security.
Interestingly, a Tangem spokesperson revealed that a typical purchase includes three cards, contributing to the company’s impressive milestone of manufacturing over one million cards since its launch.
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Tangem demonstrated its commitment to the Shiba Inu community by launching a special edition wallet in 2021, which resonated with the community and led to 5,000 pre-orders. The successful rollout saw the first batch shipped in July 2023.
Read Also: Release Date for 5,000 Shiba Inu (SHIB) Cold Wallets Revealed
Tangem further expanded its support for SHIB by integrating it as a payment method and manufacturing customized wallets for Shiba Inu’s partner, Bad Idea AI.
Tangem Pay’s upcoming launch will mark a significant development in cryptocurrency usability and real-world application. By enabling direct crypto payments at millions of merchants, Tangem Pay paves the way for a future where cryptocurrencies can be used as easily as traditional payment methods. This integration with Visa, a global payments leader, further legitimizes cryptocurrency use and boosts mainstream adoption potential.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Times Tabloid is not responsible for any financial losses.
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