Tangem Pay Expands Visa Card Offerings Amid Global Demand Challenges
- Over 40% of Tangem Pay payments originate from Latin America, with over 30% from the US.
- Tangem has launched its first physical Visa card for in-store and online transactions, limited to an initial release of 5,000 cards.
- The card allows funding directly from self-custodial wallets and enables users to transfer funds back if the card is suspended or closed.
- Physical card availability is restricted in about 20 countries, including China, Russia, North Korea, and Palestine.
- Tangem will offer cashback rewards in Circle’s USDC stablecoin—1% for Basic users and up to 2% for Plus users on eligible purchases.
The launch of Tangem’s Visa card highlights the complexities surrounding cryptocurrency adoption influenced by regulations and banking infrastructure. Despite significant demand in regions like Latin America and the US, many markets remain inaccessible due to compliance issues.
With over half of its payment sources coming from these regions, Tangem’s new offerings aim to bridge the gap between crypto demand and regulatory challenges faced globally. (Source)
