New non-custodial payment account: on-chain deposit USDC for direct Visa card spending.

I saw something quite interesting in the crypto world - a team has created a non-custodial spending account called Tangem Pay, which is directly integrated into their own Wallet.

The core gameplay is as follows: your USDC just lies on the chain, and when you want to spend it, you can take out a virtual Visa card and swipe it. The private key is always held in your own hands and does not need to be given out. In other words, you can manage your money yourself while enjoying the convenience of spending like swiping a bank card.

They started pushing this month, and the goal is pretty ambitious - to reach ten million active users by the end of next year. The product design focuses on effortless operation, featuring some NFC hardware like rings and cards, allowing transactions to be completed with just a tap, without needing to remember any mnemonics or stare at a complicated interface for a long time.

It feels like this idea is indeed moving towards “allowing ordinary people to use cryptocurrency,” but it depends on whether the actual experience can keep up.