Tangem launches its first physical Visa card, with the first batch limited to 5000 cards
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AT A GLANCE
Tangem announced the launch of its first physical Visa card, with the first batch limited to 5000 cards, supporting purchases, cash withdrawals, and USDC cashback.
Article
Swiss crypto wallet provider Tangem has launched its first physical Visa card, with an initial issuance of 5000 cards
PANews October 7 reported, citing Cointelegraph, that Swiss crypto wallet provider Tangem announced the launch of its first physical Visa card, supporting in-store and online purchases and ATM cash withdrawals, with an initial issuance limited to 5000 cards. Users can fund the card directly from a self-custodial wallet and transfer the funds back to the wallet when the card is suspended or closed. The card also offers cashback settled in the USDC stablecoin issued by Circle, at 1%for Basic users and 2%for Plus users on eligible purchases. Tangem plans to showcase the first physical Tangem Pay cards at a Token2049 event in Singapore. Tangem said that more than 40%of Tangem Pay payments come from Latin America, while more than 30%come from the United States, and the physical...
Tangem announced the launch of its first physical Visa card.
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The card supports in-store and online purchases and ATM cash withdrawals.
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The card's initial issuance is limited to 5000 cards.
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Users can fund the card directly from a self-custodial wallet and transfer the funds back to the wallet when the card is suspended or closed.
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Cashback is settled in the USDC stablecoin issued by Circle, with Basic users receiving 1%cashback and Plus users receiving cashback of 2%。
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Tangem plans to showcase the first physical Tangem Pay cards at a Token2049 event in Singapore.
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Tangem said that more than 40%of Tangem Pay payments come from Latin America, while more than 30%come from the United States.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a physical payment card connected to a Tangem self-custodial wallet. Users can fund the card from the wallet for online and in-store purchases or ATM cash withdrawals; after the card is suspended or closed, the funds can be transferred back to the wallet. Some purchases may also earn cashback settled in USDC.
Why it matters to readers
The product connects funds in a self-custodial wallet to an offline payment card for purchases and cash withdrawals, and uses USDC to provide cashback, but the first batch consists of only 5000 cards.
Beginners can understand it as a payment card connected to a crypto wallet, but before using it they should confirm the available regions, eligible purchase categories, cashback rules, and how funds are handled after the card is suspended or closed.
Risks and unknowns
The original article is a PANews report citing Cointelegraph and does not provide a link to an official Tangem announcement.
The original article is truncated at the end, so Tangem's payment-region data and the subsequent content are incomplete.
The actual card launch date, eligible application regions, fees, and specific usage restrictions are not stated.
The initial batch of 5000 cards' sales, activation, or actual usage data was not disclosed.
Plus users'2%the scope of the “eligible purchases” referred to for cashback is not stated.
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Related concepts
Self-Custody Wallet
This term is not in the glossary yet. Browse related concepts in the glossary.
