Tangem Raised $15 million to accelerate the Deployment of its Blockchain Smart Card Wallets

Tangem Raised $15 million to accelerate the Deployment of its Blockchain Smart Card Wallets

Crypto Investment

SBI Crypto Investment Ltd is now a major stakeholder in Tangem— the producer of blockchain smart card wallets. According to a recent report, Tangem raised $15 million from the investment group.

Tangem is Pioneering Mass Crypto Adoption

Tangem is one of the few blockchain companies working on increasing crypto adoption. The company’s blockchain smart card wallets is a perfect example of this. Tangem will be bringing cryptocurrency to the general populace using these smart cards. The smart card will help to present cryptos like universal cash.

According to a recent press release announcing the funding, Tangem is planning to accelerate the deployment of its technology in other industries. Especially industries where the circulation of blockchain assets and secure storage is favoured.

“We take the next big step on our mission to bring blockchain to people’s everyday life. In 2018, our technology was proven by the markets after we launched the mass production of Tangem cards for cryptocurrencies and tokens. With this additional investment in 2019, we will be able to extend our product offering in other industries and provide better support to companies which embrace the idea of the physical distribution of blockchain assets”. Andrey Kurennykh, co-founder of Tangem explains.

SBI Crypto Investment Ltd

Yoshitaka Kitao, Representative Director, President & CEO of SBI Holdings Inc( SBI Crypto Investment Ltd parent company) made some comments regarding the huge investment and by the investment group is interested in Tangem.

Kitao stated that:
“The Tangem hardware wallet, which is highly secure and affordable, is an important tool to promote the mass adoption of digital assets and blockchain. We believe utilizing Tangem will help stipulate the demand for other blockchain services provided by SBI,”

Features of the Tangem Blockchain Smart Card Wallets

  • Cryptocurrencies and stable coins
  • ICO / TAO token distribution
  • Ticketing
  • Anti-counterfeit
  • Digital identity
  • Retail loyalty and promotions