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Closed Loop Payments
Tangem is bringing convenience, inclusiveness, and trust to the fintech sector with financial self-custody – a decentralized, closed loop system for storing and transferring assets. A closed loop payment system enables its end-points to pay each other directly by authorizing transactions across that decentralized system. All an end-point needs is a digital wallet to hold, send and receive assets.
Tangem’s card-based solution is the most user-friendly wallet. From the user’s perspective, it works like a stored value card, but it is also peer-to-peer. Tangem’s focus is financial inclusion, and the technology is designed for frictionless onboarding. Familiar purchase process, no smartphone needed.
Benefits for Program Managers
- Growth Acceleration – turn an untapped market into a loyal customer base.
- Digital asset distribution
- Limitless supported asset types and delivery channels
- Financial inclusion – no smartphone needed!
- Enable everyone to participate in the digital economy
- Light infrastructure
- Launch fast, without legacy infrastructure like deposit accounts
- Lead the shift to digital assets
Cardholder Experience
- Simple
- Zero onboarding learning curve: Load it, hold it, tap to spend
- Zero onboarding learning curve: Load it, hold it, tap to spend
- Accessible
- Access to the economy, without owning a smartphone
- Secure
- Guaranteed security and no burden of key management