Tangem & Cyclebit Signed a Global Partnership Agreement

Tangem & Cyclebit Signed a Global Partnership Agreement
22.05.2019 06:29 am

Tangem & Cyclebit Signed a Global Partnership Agreement

Payments , Cryptocurrencies

The Swedish company, Cyclebit, has signed a global partnership agreement with Tangem. Tangem smart note holders will soon be able to use their crypto for retail payments through more than 200,000 POS terminals within Cyclebit network.

The terms of the agreement will simplify purchase of  Tangem notes for individuals, and reload crypto into Tangem notes via the Cyclebit payment terminals and network. This will lead to a global increase in crypto usage.

Cyclebit and Tangem partnership offers a unique technological solution that will allow the use both of cryptocurrencies and fiat money for secure money transfers internationally.

«Tangem’s mission is to make crypto payments affordable and convenient for ordinary consumers. Cooperation with Cyclebit brings us closer to this goal» comments Andrey Kurennykh, Tangem CEO and founder.

«Cyclebit is committed to making crypto payments a part of our everyday life,- says Dan Bessmert, Cyclebit CEO. - Our terminals give the opportunity to merchants to receive  and sell digital assets.  Using the Tangem Note card and the Cyclebit terminals, any consumer can become the owner of cryptocurrency and use it for everyday payments the similarly to plastic cards and contactless payments.  This strategic partnership lays the foundations of the payment ecosystem, which will definitely become a new standard in the future».

Related News

Trustonic Announces a Partnership with Rubean AG and CCV to Develop mPOS Solution Enabling Secure Cardholder PIN entry on COTS Devices

Mobile security leader Trustonic today announces a partnership with Rubean AG, an established mobile security-focused fintech, and CCV, a leading European payment solution... Read more »

Compass Plus commits to highest security standards

Compass Plus Processing Centre Great Britain has continued to show its commitment to providing secure processing services for its customers, protecting cardholder data and... Read more »

Paysend Launches Revolutionary Pays XDR Stablecoin Solution for Global Payments

Paysend launches a new revolutionary solution for global payments, leveraging the transparency of blockchain... Read more »

Volante Technologies launches SEPA instant payments as a service on Microsoft Azure for RT1 and TIPS

Volante Technologies Inc., a global provider of software to accelerate digital transformation and modernization, today announced that it is providing end-to-end SEPA (Single... Read more »

Chip Mong Bank selects Compass Plus’ TranzWare to kick-start its operations in Cambodia

Chip Mong Bank (CMCB) - a newly established bank and subsidiary of local conglomerate Chip Mong Group - chose Compass Plus’ TranzWare to help realise its vision and kick-start... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel