Switzerland-based fintech company Tangem aims to launch Tangem Pay in 2025. This is a visa card with an embedded cold wallet chip that allows for self-supporting cryptocurrency without intermediaries.
Tangem Pay Targets Crypto users want direct spending control
Tangem, a Zug-based hardware wallet maker, has announced its products at Paris Blockchain Week. According to the company, the cards store private keys in a secure microchip, allowing users to allow direct transactions via smart contracts while leveraging Visa’s global payments network.
Fintech Business reports that it is compatible with over 130 million merchants, Apple Pay and Google Pay. Unlike custody crypto cards, Tangem Pay does not require third-party access or pre-funded accounts. Transactions are processed through Visa’s infrastructure, and funds remain in the user’s management until authorization.
According to Tangem, the mobile app handles activation, backup and balance tracking. Future launches will come at a time when demand for self-reliance solutions that have been prominently disrupted of intensive platforms like FTX. Tangem also cited the amount of Stablecoin transactions in 2024, exceeding $27.6 trillion as a catalyst.
Product global VP Michael Batuev said the card eliminates dependence on intermediaries and calls it a “out-of-pay” solution. This technology uses Visa rails for real-time transfers and ATM drawers without the need for merchant upgrades.
“Tangem Pay is fundamentally different. With our technology, users always have complete control over their assets,” Batuev said. “We’re not just building another card. We’re building a solution that really brings ownership back to the cardholder’s hands.”
Tangem Pay will enter a cross-border payment market, which is projected to exceed $300 billion by 2030. Currently, a waitlist opens to the public in the second half of 2025. Details on launch prices and local availability have not been revealed.
