Swiss crypto wallet provider Tangem has introduced its first physical Visa card, adding a new payment option for users who want to spend from a self-custody setup. The card supports in-store purchases, online payments and ATM cash withdrawals, with an initial issuance capped at 5,000 units. Users can top up the card directly from their self-custodial wallet, and funds can be moved back to the wallet if the card is paused or closed.
Tangem said the card includes cashback settled in USDC issued by Circle. Basic users receive 1% cashback, while Plus users can get 2% on eligible purchases. The company plans to showcase the first batch of physical Tangem Pay cards at Token2049 in Singapore.
In comments to Cointelegraph, Tangem said more than 40% of Tangem Pay payments come from Latin America and more than 30% from the United States, though physical card availability remains limited in some markets. Tangem Pay head Andrey Ilinskiy said the issue is not only where people want crypto cards, but where demand, regulation, banking infrastructure and issuing requirements line up. Tangem also said it currently cannot ship physical Tangem Pay cards to about 20 countries, including China, Russia, North Korea and Palestine.
Swiss crypto wallet provider Tangem has launched its first physical Visa card, with the initial issuance limited to 5,000 cards. The product supports in-store spending, online purchases and ATM cash withdrawals.
Tangem said users can top up the card directly from a self-custodial wallet. If the card is paused or closed, the funds can be transferred back to the wallet.
The card also offers cashback settled in USDC, the stablecoin issued by Circle. Basic users receive 1% cashback, while Plus users can get 2% on eligible purchases.
Tangem plans to present the first physical Tangem Pay cards at Token2049 in Singapore.
In comments to Cointelegraph, the company said more than 40% of Tangem Pay payments come from Latin America, while more than 30% come from the United States. Even so, supply of the physical card remains limited in some markets.
Andrey Ilinskiy, head of Tangem Pay, said the question is not only where people want crypto cards, but where demand, regulation, banking infrastructure and card-issuing requirements align, and those maps do not always overlap.
Tangem added that it currently cannot ship physical Tangem Pay cards to about 20 countries, including China, Russia, North Korea and Palestine.
The company said those restrictions do not necessarily match rules tied specifically to crypto. KYC requirements, sanctions, local banking rules and issuing compliance can all determine where crypto-linked cards are available.
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