Visa and Tangem, a company that makes crypto hardware wallets, have released a payment card that can be used as a payment method and a crypto wallet.
According to the official announcement on July. 7, the new card will change how people manage their money because it is meant to smooth transactions between traditional banking and cryptocurrency.
When the new card comes out later this year in some markets, people can use a single card to pay for things with regular currency and cryptocurrency. So, users won’t have to carry around various cards or use different platforms for different financial needs.
Visa and Tangem Crypto Bankcard
The card has a built-in self-custodial crypto bank. This means that users will have full control over their digital assets, keeping them safe and private. People who are wary of centralized trades and the risks that might come with them will like this feature.
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. We believe this will be a game-changer in the world of finance, providing a bridge between traditional banking and the burgeoning world of cryptocurrencies.
said a spokesperson for VisaThe card will initially support popular coins like Bitcoin, Ethereum, and Litecoin, and more will be added in the future. It will also work with Visa payment systems already in use so that people can use their cards in millions of places worldwide.
The agreement between Visa and Tangem is a major step toward most people using cryptocurrencies. The Visa and Tangem new card combines the safety and ease of use of a regular payment card with the cutting-edge features of a cryptocurrency wallet. It’s expected to appeal to many users, from crypto fans to people who want a more flexible and safe way to handle their funds.
