Quick Facts:
Cryptocurrency wallet provider Tangem announces the launch of Tangem Pay, a self-custodial virtual Visa card that allows users to spend USDC anywhere.
The product of a collaboration with the US payment infrastructure company Paera, Tangem Pay will be compatible with millions of merchants across the globe and directly connect to Tangem’s hardware wallet.
Users can deposit their USDC stablecoins to Tangem Pay via the Polygon network, and use their card anywhere Visa is accepted.
The project’s initial rollout will begin in late November across the US, followed by Latin America, and countries in Asia-Pacific, Europe, the Middle East, and Africa.
Tangem has always been committed to delivering a self-custodial experience to users, removing shady third parties and KYC procedures from the picture.
And yet, Tangem Pay requires KYC, though the company has been careful to emphasize that stablecoin infrastructure company Rain will handle the compliance and settlement side of Tangem Pay.
“If a user is sanctioned or engaged in illegal activity, our regulatory partner — not Tangem — can disconnect the payment card from the payment network. Again, no one has access to the Tangem wallet itself, and Tangem Pay’s KYC has no effect on this,” explains Tangem Pay CEO Marcos Nunes.
Best Wallet is a feature-packed, non-custodial wallet that gives holders complete control over their private keys.
This includes reduced transaction fees, cross-chain swaps, and exclusive presale access. But perhaps the most anticipated feature is an everyday crypto shopping card.
Similar to Tangem Pay, Best Card will provide a seamless payment experience at merchants worldwide that accept Mastercard.
That’s because Best Wallet is a multi-chain, multi-wallet. That means users just need this single app to transfer assets across top blockchains between multiple wallets. Built-in cross-chain swaps enable seamless conversions between assets without requiring a third-party intermediary, such as a centralized exchange. It’s also fully No-KYC, appealing to the original Tangem promise.
Factoring in these standout features, Best Wallet’s mission to capture 40% of the crypto wallet market share by 2026 is not inconceivable, and you’re invited to stake a claim in that pie.
As cryptocurrency moves into retail, platforms like Tangem Pay and Best Wallet are poised to gain the most. From an investor’s perspective, they unlock a vast array of opportunities.
Investors can still snag $BEST tokens – the native cryptocurrency of Best Wallet – at early-bird prices during its ongoing presale.
As the native crypto of a thriving ecosystem, $BEST is expected to race up the charts in its debut exchange listing.
More than just hype, the token’s growth will be underpinned by organic demand from its burgeoning user base, which already numbers in the hundreds of thousands.
Note: The next presale price increase is just a few hours away, and the staking APY will only decrease as more investors join in.
But as always, do your own research before investing in crypto. This is not financial advice.
