Tangem has raised $$15 millionm in funding from Japan’s SBI Group to develop its cryptocurrency-based smart wallets. The funding will allow Tangem to move its headquarters to Zug, Switzerland, where it plans to create new use cases for its physical smart cards. The smart card technology functions as the hardware wallet equivalent of a banknote, with each card carrying a fixed amount of a cryptocurrency.
Tangem has raised $15m in funding from Japan’s SBI Group to develop its cryptocurrency-based smart wallets. The funding will allow Tangem to move its headquarters to Zug, Switzerland, where it plans to create new use cases for its physical smart cards. The smart card technology functions as the hardware wallet equivalent of a banknote, with each card carrying a fixed amount of a cryptocurrency.