Crypto wallet provider Tangem has introduced its first physical Visa card, with an initial issuance capped at 5,000 units. The card supports in-store purchases, online payments and ATM cash withdrawals, and users can fund it directly from a self-custodial wallet. Tangem said funds can be moved back to the wallet if the card is suspended or closed.
The company also shared regional usage data for Tangem Pay, saying more than 40% of payments come from Latin America and more than 30% from the United States. At the same time, Tangem said the physical card cannot currently be shipped to about 20 countries and territories, including China, Russia, North Korea and Palestine. It attributed those limits to KYC requirements, sanctions, banking rules and card-issuing compliance obligations.
Tangem Pay will also offer USDC cashback on eligible spending, with Basic users receiving 1% and Plus users 2%. Tangem plans to showcase the first batch of physical cards during Token2049 in Singapore, according to Cointelegraph.
Crypto wallet provider Tangem has launched its first physical Visa card, with the initial batch limited to 5,000 cards.
The card supports in-store purchases, online payments and ATM withdrawals. Users can top it up directly from a self-custodial wallet, and if the card is suspended or closed, funds can be transferred back to the wallet.
Tangem also said that more than 40% of Tangem Pay payments come from Latin America, while more than 30% come from the United States.
The company said the physical card currently cannot be shipped to about 20 countries and territories, including China, Russia, North Korea and Palestine. Tangem said the restrictions are tied to KYC requirements, sanctions, banking rules and card-issuing compliance obligations.
Tangem Pay will also offer USDC cashback on eligible purchases, with Basic users receiving 1% and Plus users receiving 2%.
Tangem plans to present the first batch of physical cards during Token2049 in Singapore, according to Cointelegraph.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
