Cryptocurrency has grown in popularity in recent years, but spending it can still be a challenge. Tangem is a company that is looking to change that with their new Visa-integrated crypto wallet.
What is Tangem's new crypto wallet?
Tangem's new crypto wallet is a self-custodial wallet, which means that users hold their own private keys. This is in contrast to custodial wallets, where a third party holds the private keys. Tangem's wallet also integrates with Visa cards, so users can spend their crypto anywhere Visa is accepted.
How will Tangem's new crypto wallet work?
Tangem's payment technology, called Tangem Pay, is integrated with Visa cards. When a user wants to make a purchase, they can use their Tangem wallet to approve the transaction. The crypto is then converted to fiat currency (such as US dollars) and sent to the merchant's bank account.
When will Tangem's new crypto wallet be available?
Tangem plans to launch their new crypto wallet by the end of 2024.
Tangem's new crypto wallet could make it easier for people to spend their crypto. However, it is important to note that cryptocurrencies are still a volatile asset class. The value of a user's crypto could go up or down before they have a chance to spend it.
