Tangem Launches Physical Visa Card, First Batch Limited to 5,000

Tangem is testing whether self-custody can survive contact with mainstream payment rails, and the 5,000-unit cap reads as a regulatory and operational stress test rather than a demand signal. The geographic skew of existing Tangem Pay activity suggests the addressable market for such cards is concentrated in regions where crypto already functions as practical money, not as speculation. The open question is whether the 20-country exclusion list is a compliance floor or a template that expands as the product scales.