Physical ways to spend and trade cryptocurrency with bank-grade security
Money 20/20, Amsterdam — June 3–5, 2019
Saifu, a licensed payment service provider, announced today that they teamed up with Tangem cryptocurrency hardware wallet manufacturer. The joint offering of Tangem and Saifu will give customers an opportunity to use crypto payments as easily as fiat ones. The licensed financial institution providing online bank as a service (PSP in Europe + API in the UK) allows clients to make transactions in digital assets in a conventional way with no additional fees, thus making crypto payments as convenient and available as fiat. This partnership is as a part of vertical integration.
Tangem is a Swiss technology company. Tangem card is a hardware wallet in NFC smartcard which allows to physically distribute and store cryptocurrencies and other digital assets. Through Blockchain technology, the decentralized data is stored securely and is forgery-proof. A user-friendly app allows easy and fast access to the data from a smartphone.
Saifu is the first financial service delivering bank-grade security to the cryptocurrency world and ensuring that the cryptographic keys cryptocurrencies depend on, are created, managed and stored most securely.
Alexander Legoshin, Chairman of the Supervisory Board,
Co-Founder Saifu, says:
“Tangem users will get an easy, secure and compliant platform. With a Saifu account, you can easily use, exchange and safely store fiat and cryptocurrencies. Saifu offers a one-stop shop for all financial services needed by merchants that accept cryptocurrencies. Tangem hardware wallet is an important tool to promote the mass adoption of digital assets and blockchain. It is the next big step to bring blockchain to people’s everyday life”.
Tangem cardholders will get full transactional banking functionality with competitive exchange rates in the long run. We plan that next year we will be in a position to improve efficiency and provide debit card and hardware crypto wallet all-in-one, that could be carried and spent by customers.
In the next two years, Tangem and Saifu plan to complete crypto acquiring for merchants in the EU and furthermore, this solution will soon be expanded to Asian markets and North/South America.
About Saifu:
Saifu is an easy, secure and compliant platform that offers accounts for both fiat and cryptocurrencies. With a Saifu account, you can easily use, exchange and safely store fiat and cryptocurrencies. Saifu offers a one-stop shop for all financial services needed by merchants that accept cryptocurrencies. With Saifu all financial needs for fiat and cryptocurrencies can be managed easily in one secure place. Visit http://saifu.ai for more information.
About Tangem:
Tangem is a new smart card technology based on a breakthrough in microelectronics achieved in 2017. The technology allows to store and carry cryptocurrencies on physical plastic cards with a chip
and NFC antenna inside, which will further drive the mass adoption of crypto assets. The Swiss startup, which is counting 20 employees, was founded with the expertise from Swiss finance professionals and Russian IT experts. Tangem is operating in Switzerland, Russia, Singapore, Hong Kong. Earlier this year SBI group invested 15 mln USD into Tangem in order to boost growth and adoption of their technology. More about Tangem: https://tangem.com
