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Cryptocurrency wallet company Tangem has launched Tangem Pay, a virtual Visa card that connects directly to the hardware wallet and allows users to spend stablecoins at millions of merchants worldwide.
Launched in partnership with US payment infrastructure company Paera, Tangem Pay allows users to deposit and spend Circle’s USDC (USDC) stablecoin on the Polygon network, Tangem said in an announcement shared with Cointelegraph on Wednesday.
“Once users deposit in their Tangem Pay account, they can spend anywhere Visa is accepted, regardless of the local currency,” said Tangem Pay CEO Marcos Nunes, adding that the solution supports Apple Pay and Google Pay for instant Visa payments.
Tangem Pay will start issuing cards at the end of November in the United States, Latin America and the main countries of Asia-Pacific, followed by a European launch in 2026.
Initial availability in 42 countries
The initial launch of Tangem Pay features availability for users in 42 jurisdictions, including Australia, Brazil, Japan, Hong Kong, Singapore and the United States.
“The virtual card is just the beginning – we are already working to add new countries and incentives to make this card our users’ number one for their daily spending,” said Nunes.
The launch of Tangem Pay aligns with Tangem’s goal to offers a full self-catering experiencewhich the company sees as “store, grow and spend”.
Self custody payments meet KYC
Unlike custodial portfolios, self storage solutions allows users to store crypto without relying on third parties, typically bypassing Know Your Customer (KYC) procedures
Although Tangem’s hardware wallet embodies the self-custody principle of “being-your-own-bank” by providing a cold wallet, the Tangem Pay account remains subject to KYC requirements.
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“Tangem does not have access to user data. If a user is subject to KYC, it only applies to their Tangem Pay balance,” said Tangem Pay’s CEO, adding:
“If a user is sanctioned or engaged in illegal activities, 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 it.”
The settlement and settlement portions of Tangem Pay are managed by Rain, a stablecoin payment infrastructure that announced plans on Tuesday to participate in the upcoming stablecoin-based settlement system from global payments giant Western Union.
Officially announced at the end of October, Western Union’s Solana-based Digital Asset Network will introduce company’s proprietary stablecoin and is expected to launch in the first half of 2026.
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