The worst thing about the current crypto Visa cards are the low daily spend limits of around 5-15k and monthly and yearly spending caps. If you are going to do this properly, remove the limits and caps . If you have the funds, you should be able to spend whatever you want. Fix this, and you would be successful.
This is very good feedback. Different products exist in different formats, and you're right there are some limitations in place when it comes to how to use crypto in a retail setting. More details about the hows and whys of how Tangem Pay will work will be shared closer to the time of release! Until then, come chat to us in Community! We'd looooove to hear more of our users' opinions and concerns so we can address them all!
We are glad you've got so much positivity about us! Correct, this will be a completely separate new product but it will be available to use by all users, be they from Ledger, Trezor, etc its not just something which is exclusive to the Tangem Ecosystem, its open to all - so feel free to move over to us if you'd like! Tangem Pay is due around the end of Q4/Q1 next year and will be available to select countries upon release, then will be broadened out to new areas. We will be sure to share more details closer to release as to the "hows" and "whys" of how it will work. Come chat in Community (Discord or Telegram) to us about it, we'd love to go into more details!
If it can access funds in your wallet it can collect the data also like how much and what type of Crypto your storing... Convenience always comes at a price...
THANK YOU! Appreciate the kind words! We really are excited for this next step, its a move in the direction which we love - the future of finance is exciting!
propose to make a stress test for tangem architechture. Switch off all servers on tangem side to show community they still have access to they assets...and app is still working correctly, basic functions at least...
Hey there! We actually have a blog post about this called the Apocalypse Scenario - what happens if Tangem goes out of business. Check it out here: tangem.com/en/blog/post/after-the-apocalypse-how-tangem-wallet-will-function-without-tangem/. In short, even if you can no longer download our app from the App Store or Google Play, the version already installed on your device will keep working. The app functions independently of Tangem's servers, so it remains operational even if the company ceases all activities. You can also download the Tangem app from GitHub if needed. For the stress test, you can block our server addresses in your router to see how it performs without server access.
What a brilliant overview for Tangem Visa Pay Ana > This is a real game changer for the industry. I believe peoples will gravitate to this like there is no tomorrow!. Simplicity at the local checkout in the front end, yet behind the scenes ground breaking technology to produce such a user friendly experience to actually utilise your Crypto for everyday goods and services is going to create a ground swell of very happy current and future potential Crypto users adopting and adapting to this new way of decentralised finance. Your two guests > Maike & Michael laid it out beautifully and concise what is around the corner!. I for one cannot wait for the unveiling of this Visa Tangem Pay card.
I would like to have 2 features. 1. For the user to be able to freeze/unfreeze the Visa card in app anytime (this is a popular security feature in current debit/CC cards which is essential for me). 2. To have a daily account which the Visa card can access, but a long-term account which stores your crypto but the Visa card cannot access for security reasons. The user can transfer the crypto to the daily account easily when needed. Thanks!
Brilliant requests, we'd love to share more on the features which will make this product shine! We will be sharing all of those closer to the release date which our estimate is Q4 end of year, closer to Q1 2025. Again, we'd love to share more now, but you'll just have to wait and see!
YAY! Thanks for your support! Big fans of our community who make creating new products for a breeze! Welcome for the session, come chat to us in community to know more and to just be a part of the wider Tangem community (we don't just chat about Tangem, we do love to chat about anything to do with crypto and the future of finance!)
Really interesting conversation 🙏 thank you so much 👌 I wonder how the traditional banking system will react to this new technology? PS when will the Tangem Payment be available?
This will be a completely separate new product but it will be available to use by all users, be they from Ledger, Trezor, etc its not just something which is exclusive to the Tangem Ecosystem, its open to all. Tangem Pay is due around the end of Q4/Q1 next year and will be available to select countries upon release, then will be broadened out to new areas. We will be sure to share more details closer to release as to the "hows" and "whys" of how it will work, including what KYC requirements will be like. Come chat in Community (Discord or Telegram) to us about it, we'd love to go into more details!
Hi! Please exercise patience as additional details about the product will be disclosed at a later time. Your understanding is greatly appreciated, and we assure you that comprehensive information will be provided as soon as it becomes available. Thank you for your patience and anticipation.
Can I spend through Tangem at any Visa-accepted POS without KYC? Do my crypto assets need to be moved to the Tangem wallet, or can I also spend from my CEX and decentralized wallets like MetaMask in order to use my crypto in real life? Which crypto assets are supported for spending in real life?
Good question. Tangem Pay will be with a brand new chip which will allow for use at POS terminals correct. It will also be able to be used by anyone, not just those in the Tangem Ecosystem - so be you from Ledger, Trezor, etc, you'd be able to utilize Tangem Pay at any point. We'd love to share more on the features which will make this product shine, including information as to KYC requirements and which assets will be supported. We will be sharing all of those closer to the release date which our estimate is Q4 end of year, closer to Q1 2025. Again, we'd love to share more now, but you'll just have to wait and see!
Hello! Please exercise patience as additional details about the product will be disclosed at a later time. Your understanding is greatly appreciated, and we assure you that comprehensive information will be provided as soon as it becomes available. Thank you for your patience and anticipation.
It will start with a limited release in Europe. So, I would think at best you'll have to wait a year or more. Is Malaysia embracing crypto (from a governmental standpoint)? You have crypto products and services that even are almost available all over the world but they are not in the US cause they are scared of how the government targets crypto.
Tangem Pay is due around the end of Q4/Q1 next year and will be available to select countries upon release, then will be broadened out to new areas. We will be sure to share more details closer to release as to the "hows" and "whys" of how it will work including about when users can start to apply for this card collaboration. Come chat in Community (Discord or Telegram) to us about it, we'd love to go into more details!
Hi! Please exercise patience as additional details about the product will be disclosed at a later time. Your understanding is greatly appreciated, and we assure you that comprehensive information will be provided as soon as it becomes available. Thank you for your patience and anticipation.
no way... why bring the decentralised or private card to use it like a visa card? KYC? and traceable when you spent.. for what purpose? so conflicting!
I would like to have 2 features. 1. For the user to be able to freeze/unfreeze the Visa card in app anytime (this is a popular security feature in current debit/CC cards which is essential for me). 2. To have a daily account which the Visa card can access, but a long-term account which stores your crypto but the Visa card cannot access for security reasons. The user can transfer the crypto to the daily account easily when needed. Thanks!
When launch? What are the KYC / AML requirements? What are the daily / monthly / yearly limits? The tangem wallet track will automatically hv activity/ location records, will this information be monetised/sold by tangem? Will it be global use at any visa outlet ?
Hey! Please exercise patience as additional details about the product will be disclosed at a later time. Your understanding is greatly appreciated, and we assure you that comprehensive information will be provided as soon as it becomes available. Thank you for your patience and anticipation.
Tangem should come out with their own crypto coin so we can invest in this company. I'd like to invest in it. I think you guys got one of the best products on the market burn on
We don't have plans for that, as a cold crypto wallet, having our own token would have very limited token utility and it isn't something we are looking to do to preserve our decentralized nature. But thanks for the idea, a lot of people do ask about this!
Hello! Please exercise patience as additional details about the product will be disclosed at a later time. Your understanding is greatly appreciated, and we assure you that comprehensive information will be provided as soon as it becomes available. Thank you for your patience and anticipation.
Correct me if I am wrong, is Tangem Pay is a new mobile app that connect to a hardware wallet such as Tangem card, Ledger or Trezor to make payment over the counter accepting VISA? If so, what new cold wallet chip are you referring to?
I would assume you would have just like VISA card, a card. After all, you can't just whip out the trezor and tap it. So, your hardware wallet (tangem, trezor, etc.) will somehow (through an app) connect to your tangem pay card, and that card is the one that gets tapped to pay.
Please exercise patience as additional details about the product will be disclosed at a later time. Your understanding is greatly appreciated, and we assure you that comprehensive information will be provided as soon as it becomes available. Thank you for your patience and anticipation.
Is this Tangem Visa card a completely new card with new chip that we can order from them website? Also, which countries can get this card? Only available in Europe?
Correct, this will be a completely separate new product but it will be available to use by all users, be they from Ledger, Trezor, etc its not just something which is exclusive to the Tangem Ecosystem, its open to all. Tangem Pay is due around the end of Q4/Q1 next year and will be available to select countries upon release, then will be broadened out to new areas. Hope that helps! Come chat in Community (Discord or Telegram) to us about it, we'd love to go into more details!
This will be a completely separate new product but it will be available to use by all users, be they from Ledger, Trezor, etc its not just something which is exclusive to the Tangem Ecosystem, its open to all. But it will be a completely new chip set, and is not a software update, its a different hardware chip. Tangem Pay is due around the end of Q4/Q1 next year and will be available to select countries upon release, then will be broadened out to new areas. Hope that helps! Come chat in Community (Discord or Telegram) to us about it, we'd love to go into more details!
Tangem Pay is due around the end of Q4/Q1 next year and will be available to select countries upon release, then will be broadened out to new areas. We will be sure to share more details closer to release as to the "hows" and "whys" of how it will work. Come chat in Community (Discord or Telegram) to us about it, we'd love to go into more details!
@@tangem_official please please ... (EUR) expat in the UAE ... despite "crypto friendly" here off ramping via bank is a big PIA. PLEASE come to the UAE as well (you bet a LOT of crypto users here)!
Tangem Pay is currently in development and is expected to be launched in late Q4 or early Q1 2025. We will make a separate announcement on our social media once the details become available. Stay tuned!
This will be a completely separate new product but it will be available to use by all users, be they from Ledger, Trezor, etc its not just something which is exclusive to the Tangem Ecosystem, its open to all. Tangem Pay is due around the end of Q4/Q1 next year and will be available to select countries upon release (EU and UK to start with), then will be broadened out to new areas. We will be sure to share more details closer to release as to the "hows" and "whys" of how it will work. Come chat in Community (Discord or Telegram) to us about it, we'd love to go into more details!
Hi! Please exercise patience as additional details about the product will be disclosed at a later time. Your understanding is greatly appreciated, and we assure you that comprehensive information will be provided as soon as it becomes available. Thank you for your patience and anticipation.
Hi there! Please exercise patience as additional details about the product will be disclosed at a later time. Your understanding is greatly appreciated, and we assure you that comprehensive information will be provided as soon as it becomes available. Thank you for your patience and anticipation.
Not sure why that comparison or that thought crossed your mind. Looks like this is more of a discussion topic in which case, we'd love to chat in community channels in Discord and TG! Come chat!
We'll be sure to pass on the well wishes! For now, we just hope you come into community to chat with us more as we'd love to chat more about Tangem Pay and other products in our Ecosystem!
Good question. Tangem has been in operation since 2017 and since our inception there hasn't been a single case. But we understand our users are cautious and want to have as much information as possible ahead of time. We'd love to share more on the features which will make this product shine, and we will be sharing all of those closer to the release date which our estimate is Q4 end of year, closer to Q1 2025. Again, we'd love to share more now, but you'll just have to wait and see!
Millions of people use centralized exchanges and require KYC processes, so there must be a market for this. We as a cold wallet hardware storage provider have no KYC for digital asset storage and will always keep it that way. However, Tangem Pay is a completely separate product which requires some element of a KYC process to ensure that the product is being used in retail scenarios in a safe secure manner. However, the exact requirements and what this will all look like will be shared closer to our release date. Don't worry, Tangem Wallet and other products will remain always KYC free for digital asset storage!
GOOD QUESTION! We will be moving from pre-order to ready-stock towards end of this month finally! (but maybe in early october, we hope soon!) So not long now!
Decentralized merging w the centralized, how disturbing! Just goes to show that when a great project like Tangem becomes too big too fast, the leadership team always sells out its customers who believed and made it great so it can become part of the traditional finance system.
Tangem Pay is due around the end of Q4/Q1 next year and will be available to select countries upon release, then will be broadened out to new areas. We will be sure to share more details closer to release as to the "hows" and "whys" of how it will work including if it is able to be used by something like an in-phone wallet. Come chat in Community (Discord or Telegram) to us about it, we'd love to go into more details!
Hello! Please exercise patience as additional details about the product will be disclosed at a later time. Your understanding is greatly appreciated, and we assure you that comprehensive information will be provided as soon as it becomes available. Thank you for your patience and anticipation.
