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Crypto Wallets

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Tangem Wallet Review – 1 Year Later

One Year with Tangem: Crypto Wallet’s Remarkable Evolution

Embracing Change: The Tangem Wallet Experience

Navigating the world of cryptocurrency can be daunting, especially when it comes to choosing the right hardware wallet. As digital assets proliferate, so do the options for secure storage. Enter the Tangem wallet—a seemingly simple card that could redefine how we manage our crypto. Initially skeptical, one user reflects on a year using the Tangem wallet, transforming from a doubter to a devoted user. This lesson takes a deep dive into the Tangem wallet’s evolution, assessing its functionality within the growing landscape of cryptocurrency.

Key Highlights of Tangem Wallet

In this lesson, we explore the user’s journey from their first impressions of the Tangem wallet to becoming an advocate for its use. Originally perceived as cumbersome compared to traditional wallets, the Tangem’s mobile-only design, coupled with its durable card-like structure, ultimately won over even the most cautious of users. The wallet’s unique combination of an NFC antenna and a secure element chip remains central to its appeal. Users report high levels of satisfaction owing to its additional security features, ease of setup, and lack of battery components, promising longevity and trustworthiness.

Critical Analysis – Skeptic to Enthusiast: My Year with the Tangem Cold Wallet

Strengths of Tangem Wallet

  1. Durability and Portability: Tangem’s design and sturdy materials offer unparalleled mobility; capable of withstanding extreme conditions, users have reported carrying it through rugged terrains and watery environments without issues. Durability is a crucial factor for individuals on the go, making Tangem an ideal choice for travelers.

  2. User-Friendly App Interface: The Tangem app is heralded as one of the simplest crypto management interfaces available. Users transition smoothly from traditional wallets, with straightforward navigation and support for a multitude of tokens and networks. By opening crypto management to broader audiences, it fosters increased engagement in the digital finance world.

  3. Innovative Security Features: The secure element chip embedded in the card guarantees a high level of security while managing transactions through the app. Coupled with options for generating and managing seed phrases, users can tailor their security preferences. As evidenced by its track record—never having been hacked—Tangem is paving the way for new standards in hardware wallet security.

  4. Investment in Future Technologies: Tangem is recognized for its continuous improvement, actively listening to user feedback to embrace future technology. Recent upgrades, including the anticipated transaction scam detection feature and additional network support, exemplify a pioneering spirit crucial for staying relevant and secure in a fast-paced environment.

Potential Weaknesses

Despite its strengths, there are qualities worth questioning within the Tangem ecosystem.

  1. Mobile-Only Design Limitations: While the primary appeal is its portability, users who prefer desktop management may find the mobile design restrictive. With crypto’s complexity, having robust management options on desktop can be crucial.

  2. Concerns Over Blind Signing Transactions: Critics of Tangem often cite its lack of a traditional screen creates a blind signing situation. While the app provides visibility into transactions, skeptics raise concerns about possible mobile security breaches.

  3. Confusion About Recovery: The seedless setup, where all cards serve as backups, could lead to misunderstandings among novice users regarding crypto recovery. If all cards are lost or damaged, access to funds could be permanently lost, which is a significant risk for less experienced users.

Connections to Cryptocurrency and Blockchain

The seamless integration of the Tangem wallet with the growing cryptocurrency ecosystem illustrates its relevance. The wallet exemplifies some principles fundamental to crypto: security, accessibility, and decentralization.

  1. Application to the DeFi Ecosystem: In decentralized finance (DeFi), speed and security are paramount. Tangem’s reliable features allow users to interact seamlessly with various DeFi applications to lend, borrow, or trade cryptocurrencies. Just as Tangem evolves, so too does DeFi, demanding innovations that meet user safety and accessibility needs.

  2. Real-World Blockchain Examples: Cryptocurrencies like Ethereum and Bitcoin rely on secure storage and transactions—qualities that Tangem reflects. Token support, from ERC20 to various NFTs, demonstrates how users can engage actively with the blockchain without fear of breach.

  3. Advantages and Challenges in Decentralization: Tangem exemplifies how easy access can drive adoption, albeit with the caveat that users bear the responsibility for their security. Thus, the wallet champions a decentralized ethos while emphasizing the need for user awareness.

Broader Implications and Future Outlook

As cryptocurrency and blockchain technology continue to mature, tools like Tangem offer insights into how usability can affect adoption. The idea of wallets being more user-friendly and accessible is pivotal in winning over reluctant participants in the crypto space.

  1. Shaping Future Finance: By prioritizing customer feedback and safeguarding features, Tangem sets a high standard for innovation in hardware wallets. This could influence how future wallets develop, attaching greater importance to user experience and education.

  2. Speculating on Developments: If Tangem continues to thrive, we may see more wallets embracing simplicity and durability. The future may yield wallets that balance physical security with advanced features catering to an informed, tech-savvy audience.

Personal Commentary and Insights

A New Standard in Wallet Design

As crypto enthusiasts often seek safe methods to store their investments, Tangem’s unique approach stands out. My experience aligns with the user’s transformation; shifting from skepticism to recognition of the wallet’s true potential is refreshing. In an industry that often complicates matters, Tangem emphasizes simplicity without sacrificing security.

There’s merit in questioning industry standards, particularly how hardware wallets should function. The criticism of blind signing oversimplifies the innovative approaches Tangem employs. While a screen may provide comfort, true security stems from robust mechanisms and an intelligent user interface.

Conclusion

In summary, the Tangem wallet embodies a transformative approach to managing cryptocurrency. It’s a case study in balancing user needs with innovative technology, illustrating that a minimalistic design can coexist with comprehensive security. As the crypto landscape continues evolving, wallets like Tangem will likely inspire a new wave of accessibility and user-centric design. The untapped potential of crypto, embodied by tools like Tangem, suggests a promising future for both novice and experienced traders alike.

Quotes:

  1. “The Tangem app is heralded as one of the simplest crypto management interfaces available.”
  2. “If Tangem continues to thrive, we may see more wallets embracing simplicity and durability.”
  3. “The wallet champions a decentralized ethos while emphasizing the need for user awareness.”

Continue to Next Lesson

Stay tuned for our next lesson in the Crypto Is FIRE (CFIRE) training program, where we will delve into the potential of decentralized finance, exploring innovative solutions reshaping the financial landscape.

 

 

Tangem Wallet: A Comprehensive Review and Its Place in the Crypto Landscape

If you’re venturing into the world of cryptocurrencies, the choice of which wallet to use is paramount. In the ever-evolving cryptocurrency landscape, hardware wallets provide secure ways to store digital assets. Among them, the Tangem Wallet has carved a niche for itself. This lesson will explore why the Tangem Wallet is gaining traction, its unique features, and how it significantly differs from traditional financial systems. Understanding this could help both crypto newcomers and seasoned users align their assets safely, all while enjoying a bit of levity along the way.

The Tangem Wallet is a fascinating innovation that stands out due to its simple yet effective design—it’s no bigger than a typical plastic card. It raises the bar for what’s possible with hardware wallets, pushing the envelope not just on usability but also on security. As we dive into the core concepts and practical applications, we’ll also draw comparisons to traditional financial concepts, especially how they relate to cryptocurrencies and the robust technology that surrounds them.

Core Concepts

  1. Hardware Wallet: A physical device used to store cryptocurrencies securely. Unlike software wallets, which are vulnerable to scams and malware, hardware wallets provide a high level of security by storing the user’s private keys offline.

  2. Seed Phrase: A sequence of words generated to recover access to a cryptocurrency wallet. In traditional finance terms, this could be likened to a PIN code; however, if it’s lost or shared, it could lead to significant loss of funds.

  3. Mobile-Only Wallet: A type of wallet accessible only through mobile devices. While conventional wallets often rely on desktop interfaces, mobile-only wallets like Tangem cater to users who prefer on-the-go management.

  4. User-Generated Access Code: A customizable security feature that acts as an additional security layer to confirm transactions and access. This is akin to a personal identification number (PIN) in banking, but even more unique.

  5. EAL6 Plus Secure Element: This sophisticated chip provides an additional layer of security against both digital and physical attacks. It’s similar to the chips used in bank cards that protect sensitive information.

  6. Blind Signing: Signing a transaction without visual confirmation of its content. Though it sounds concerning, with Tangem, the details are viewable in the app, albeit with some associated risks.

  7. Wallet Connect: A protocol that facilitates safe connections between wallets and decentralized applications (dApps). Think of it as a secure bridge between traditional financial systems and the peer-to-peer nature of cryptocurrencies.

Understanding these concepts is crucial for newcomers, as they lay the foundation for secure crypto management and illuminate the nuances in how cryptocurrencies operate compared to traditional finance.

Key Sections

The Simple Yet Effective Design of Tangem Wallet

  • Durability and Portability: The wallet is essentially a plastic card, IP68 rated for water and extreme temperature resistance.
  • Component Simplicity: Comprising only an NFC antenna and a secure chip, which minimizes chances of hardware failure.
  • Daily Use: The wallet has passed extensive testing, resembling the ease of use that Apple Pay offers.

The beauty of the Tangem Wallet lies in its simplicity. You can easily take this card everywhere—be it to the beach or the airport without worrying about it getting damaged. Unlike traditional hardware wallets, which may incorporate screens or batteries that might fail, Tangem’s minimal design reduces complexity.

Crypto Connection

In the crypto world, the emphasis on Minimalism often translates into security measures as well. Much like using a banking app, Tangem’s NFC technology allows users to tap their wallet and interact seamlessly with the app, offering a robust, user-friendly experience directly from a mobile device. The connection is maintained through well-implemented security protocols, giving users the comfort of keeping their crypto assets close and secure.

The User Interface Experience

  • Mobile-Only: The entire Tangem experience is logged into a mobile app, bridging the gap between convenience and stability.
  • User-Friendly App: Even for those unfamiliar with crypto wallets, setting up the Tangem app is quick and intuitive.
  • Access Control: The app requires the user-generated access code, allowing only authorized access.

The Tangem app epitomizes user-friendliness. After using conventional wallets like Ledger or Trezor, which can feel clunky, you’ll find the Tangem app refreshingly straightforward. It’s designed to be accessible, especially for newcomers. Properly understanding this app mirrors the trends in tech where simplicity wins over complexity.

Crypto Connection

The Tangem app’s design reflects the broader movement in decentralized finance (DeFi) to make cryptocurrency management accessible to the average user. It represents a growing trend where user experience (UX) takes precedence, paralleling how mobile banking apps have changed the way we manage our finances without needing deep financial knowledge.

Security Features of Tangem Wallet

  • Private Key Storage: The private key is stored offline, securely locked inside the wallet to prevent unauthorized access.
  • No Firmware Updates: The wallet comes with pre-installed firmware, removing the need for periodic updates, thus reducing possible vulnerabilities.
  • Multifactor Authentication: An access code is required for transactions, enhancing security even further.

Security is often a hot-button topic in both traditional and crypto realms, but the Tangem Wallet stands tall due to its innovative features that make unauthorized access nearly impossible. The comparison to traditional banking products is quite enlightening; while they often require system-wide updates, Tangem’s design eliminates that risk altogether.

Crypto Connection

In a world where news of security breaches in the crypto space echoes through communities, Tangem’s approach of securing private keys and removing the need for frequent firmware updates resonates well with users looking for assurance. In traditional finance, security works similarly, yet it must contend with frequent regulatory changes—something that blockchain technology promises to circumvent.

Real-World Applications

Hardware wallets have been crucial in the crypto market since their inception. For instance, when Mt. Gox collapsed, it highlighted the necessity for securely storing cryptocurrencies offline—a problem that Tangem addresses with its durable plastic cards and secure technology. A wallet like Tangem could thus have significantly altered the outcomes for countless users in that scenario.

Cause and Effect Relationships

When people opt for less secure wallets, like software-only solutions, they expose themselves to potential loss. This creates a cycle of distrust within the crypto community. Tangem’s ingenuity, by offering a highly secure hardware wallet, can help break that negative cycle, re-establishing confidence in crypto investments while drawing a parallel to traditional models where security implementations are crucial.

Challenges and Solutions

While Tangem Wallet offers simplicity and durability, it comes with challenges:

  • No Desktop Client: For users who prefer traditional desktop management, this could be a dealbreaker.
  • Seedless Wallets: While touted as a more secure setup, the loss of all cards leads to irretrievable crypto.

In the crypto space, these challenges often mirror issues found in traditional finance. Users may experience fear around technology adoption, often rooted in misunderstanding. Tangem addresses these issues via detailed user guides, FAQs, and community feedback.

Key Takeaways

  1. Simplicity Over Complexity: Tangem’s card design exemplifies a movement towards user-friendly solutions in crypto.
  2. Sturdy Security: Users inherently benefit from the secure offline storage of private keys.
  3. Accessibility of Mobile-Only Features: Embracing mobile tech can enhance user experience but might alienate some traditionalists.
  4. Community Feedback is Key: Like most successful projects, Tangem actively seeks user input on improvements.
  5. Understanding Security: Awareness about risks like blind signing and seed phrase management is essential for all crypto users.

These takeaways can guide beginners in navigating their crypto journeys, especially as they relate to the constant evolution of technology and app utilization.

Discussion Questions and Scenarios

  1. What parallels can you draw between the Tangem Wallet and traditional banking practices?
  2. How does the use of mobile-only wallets impact user trust in the security of their assets?
  3. Compare how different wallet security mechanisms (like Tangem’s access code versus a bank account PIN) influence everyday user experiences.
  4. Discuss potential consequences for users if they choose to rely on seedless wallets; how does this connect to traditional banking practices?
  5. How do community-driven improvements affect the perception of a cryptocurrency wallet compared to traditional financial products?

Glossary

  • Hardware Wallet: A physical device that securely stores cryptocurrency offline.
  • Seed Phrase: A phrase used to restore access to a crypto wallet.
  • Mobile-Only Wallet: A wallet accessible only on mobile devices.
  • User-Generated Access Code: A personal code that provides added security.
  • EAL6 Plus Secure Element: A certified chip that safeguards sensitive data stored in the wallet.
  • Blind Signing: Approving a transaction without confirming all its details.
  • Wallet Connect: A protocol for secure connections between wallets and decentralized apps.

In conclusion, the Tangem Wallet represents a shift towards simplicity, security, and modern usage of cryptocurrency management while fostering user confidence. As you progress in your journey through the Crypto Is FIRE (CFIRE) training program, there’s plenty more to explore.

Continue to Next Lesson

As we dive deeper, we’ll uncover more tools and insights to enhance your crypto understanding, helping you build towards financial independence in this exciting digital frontier!

 

 

Read Video Transcript

Tangem Wallet Review – 1 Year Later… 

https://www.youtube.com/watch?v=bPZpzjJl3ts
Transcript:
 I got my first Tangim wallet in 2023 and at first I wasn’t a fan because it was different from any  crypto wallet I’d used before. But now, over a year later, Tangim has become one of my favorite  hardware wallets and I use it more than any other wallet I own. But it took several updates and new  features for me to even start to like Tangim and trust it enough to keep my crypto safe.
 So in this video I want to share why Tangim has become my go-to cold wallet and why that  probably won’t change anytime soon, especially with all the upcoming upgrades, which I’ll touch  on later. Plus, I want to share how it’s held up from day-to-day use, some flaws that it has,  and a bunch of other stuff.
 So if you’re thinking about getting a Tangent wallet or you just want  to see how it stacks up against the competition, then you’re about to find out. And if you decide  that this is the right hardware wallet for you, make sure to use the 10% off discount code  in the description of this video to save some money.  Let’s get into it.  First of all, the most obvious thing about Tangium  and why it’s one of my favorite hardware wallets  is that it’s literally just a plastic card.
 It doesn’t have a battery, there’s no screen,  there’s no components you have to worry about breaking.  In fact, there are only two things in this wallet,  an NFC antenna and an EAL6 Plus Secure  Element chip which I’ll touch more on later.  So the NFC antenna inside the card communicates with your phone and the Tangem app so that  you can manage your crypto.
 It’s the same technology as like Apple Pay.  That said, Tangem is a mobile only wallet so if you prefer managing your crypto using  a desktop device, then this might not be the best wallet for you but you might be pleasantly surprised like I was after I started using it.  My first hardware wallet was the Ledger Nano X, and I only used this wallet on my desktop  device.
 I never used it with a mobile device.  So when I got my Tangent wallet and found out that it was mobile only, I wasn’t sure  how to feel about managing everything on my phone.  But over time, I’ve grown to love the mobility of it.  I take it with me literally everywhere, and I don’t have to worry about bringing any extra cables  or my computer or keeping it charged.
 And I’m not kidding when I say I take this wallet  pretty much everywhere with me.  I’ve taken it all across the US.  I’ve traveled internationally with it  to a few different countries and it’s never been damaged  and no one’s ever questioned me about it  because again, it’s just another plastic card  sitting in my wallet.
 So this is the old first gen Tangent wallet that I originally bought a year ago and the cards  have been updated a little bit since then but this is the one that I still use for certain things. I  keep it in my wallet with all my other cards. It’s the one that I travel with and as you can see it  still looks brand new even after more than a year of use. There’s no wear and tear.
 So not only does  a card have limited components but the components inside the card are designed to last a year of use, there’s no wear and tear. So not only does a card have limited components, but the components inside the card are designed  to last a minimum of 25 years,  hence the 25 year product replacement warranty.
 And since it’s just a plastic card, it is IP68 rated,  so it’s waterproof, it’s resistant to extreme temperatures,  both hot and cold.  It’s also resistant to electrostatic discharge, EMPs,  as well as x-ray machines. I mean, I brought this  wallet through countless x-ray machines at the airport and it’s always held up fine.
 I’ve  submerged it in water when I go in the ocean. I just put it in my zip pocket while I’m swimming  just to test how durable it really was. And I’ve even left it in my car in the blazing hot heat  here in the Northwest where temperatures get well over a hundred degrees and never has the car failed me. It works just like it did the first day I got it.
 And I’ve  really come to appreciate Tangent’s durability because there’s no other wallet that I’m aware  of that’s as durable or mobile as Tangent. So if you travel for work or maybe you’re retired and  you like to travel or you’re just not at home a lot, then there is no better wallet on the market  suited for a busy lifestyle.
 At the same time, if you’re more of a homebody and you’re just always chilling at home,  there’s still no better wallet. I mean, at least when it comes to usability, because Tangent is  by far the most user-friendly wallet that I’ve ever used. Now, aside from the card itself,  the Tangent app plays a huge role in why this is one of my favorite hardware wallets. It’s the  most user-friendly crypto management software that I’ve ever used.
 Even if you’re coming from a wallet like MetaMask  or Trust Wallet, which are both software wallets,  or another hardware wallet like Ledger and Ledger Live  or Trezor and Trezor Suite,  Tangim is the most straightforward in my experience.  So even if you’re new to using hardware wallets,  you’re going to be able to figure out the Tangim app.
 It’s really simple to use.  And I’ll walk you through the updated app later in this video, but I wanna make something clear here. Just to figure out the Tangim app. It’s really simple to use. And I’ll walk you through the updated app  later in this video,  but I want to make something clear here.  Just because you use a Tangim app to manage your crypto  does not mean that your crypto is secured by the Tangim app.
 The cards is what secures your crypto.  Your private key is stored offline on the card.  The Tangim app is simply an interface you use  to interact with your cards to manage your crypto.  That said Tangim is by far the quickest hardware wallet I’ve ever set up. From downloading the app  on your phone to completing the setup process it only takes about three minutes or even less if  you’re setting it up as a seedless hardware wallet.
 Speaking of the setup process I have a completely  separate video that shows you exactly how to set up the Tangim wallet step by step and how to use  the app. So I’ll link to that video in the description of this video.  I also have a Tangent Wallet playlist  that’s completely dedicated to everything Tangent.  I’ll also link to that in the description for you.
 Anyways, we have a few different options  when it comes to setting up and creating our Tangent Wallet.  Now Tangent recommends that you set up the wallet  without a seed phrase as a seedless wallet.  Personally, I don’t agree with that  and that’s not what I do, but there are a lot of people who like this seedless wallet option,  which is perfectly fine, but I’ll tell you why I don’t like it in just a couple seconds.
 Just know  that if you set up your wallet using the seedless option, your cards are your backup and that’s why  Tangent only offers a two or a three pack of cards and not one card on its own because each card is  its own backup so you need  your cards to access your crypto.
 In Tangent’s defense they say going seedless is the most secure  setup method because people generally lose their crypto because they share their seed phrase with  scammers. Now while there is some truth to this there are also some downsides to setting up your  wallet as a seedless wallet. The main downside is if you lose all of your cards or somehow they all  get damaged then you would literally lose access to all of your crypto.
 Now, if you have one good card remaining, you could transfer your crypto to another wallet temporarily to buy yourself some time to get a new wallet and then you could transfer it back.  But who wants to do that? to manage your crypto unless you were to transfer it out of your Tangent wallet to another wallet because again without your seed phrase you aren’t able to import your wallet into another brand  hardware wallet. That’s why my preferred setup method is to set up the Tangent wallet using a
 seed phrase. Now originally when Tangent first came out they only sold their wallets as a seedless  wallet. That card that I got in 2023 is a seedless only wallet. I cannot generate a seed phrase using  that card but all of the current Tangent wallets on the market  are the new version that allow you to create a seed phrase.
 And when they announced that they had releases feature  late in 2023, I was really relieved.  And that’s when I really began to start liking  the Tangent wallet, because before that,  knowing it was a mobile only wallet  and that I didn’t know my seed phrase,  I was kind of hesitant to use it.
 Now you can set it up by either importing an existing 12 or 20 forward seed  phrase from another wallet you have or you can generate a completely new and random 12 to 20  forward seed phrase using the Tangent app and this is my preferred method because now I’m not  solely relying on the cards for backup but I have my seed phrase as well. So now even if I lose all  my Tangent cards or they all get damaged I still have my seed phrase as well. So now even if I lose all my Tangent cards or they all get damaged, I still have my seed phrase to recover my crypto.
 And I don’t even have to get a new Tangent wallet  to recover my crypto.  I can import my seed phrase  into practically any other brand hardware wallet  to recover everything.  And just to be clear,  the seed phrase is only generated on the Tangent map  long enough for you to record it.  Once you move past this step,  the seed phrase is not stored anywhere.
 That would defeat the purpose  of Tangent being a cold storage wallet.  So it is secure to generate or import your seed phrase using the Tangent app as it’s only temporary.  As for the private key, it’s randomly generated on the secure element chip inside the card  and then cloned to your backup cards using 256-bit encryption.
 And this method protects it from something like a man-in-the-middle attack  and it cannot be decrypted under any circumstances.  More recently, Tangem also added the option to import a hidden wallet,  also known as a passphrase or a 25th word,  which is nice because this adds additional security on top of your seed phrase.
 The only downside to this that Tangem hopefully adds  is that you can’t create a hidden wallet yet using the Tangem app.  You can only import an existing hidden wallet if you have one. Other security features  include that EAL6 plus secure element chip that I’ve been mentioning which  protects your private key from both digital and physical attacks and this is  the same kind of technology that’s in your bank card that prevents any kind of  malicious activities from stealing your funds. Another interesting thing about
 Tangim is that it’s basically impossible to create a fake or a counterfeit card. And even if someone did create a counterfeit card, the Tangem app would  not let you set it up because it verifies that you’re using authentic Tangem firmware whenever  you set up your wallet. So if you’re using a fake card, you wouldn’t even be able to use it.
 And one  of my favorite things about Tangem that is unlike any other hardware wallet on the market is you  don’t have to do any firmware updates. It comes pre-installed with Tangem’s firmware. The only thing you have to worry about updating is the  Tangem app on your mobile device, but when you do this you will get access to all the new features,  networks, and any tokens that they add support for.
 So there’s really no denying that Tangem  is one of the most secure hardware wallets on the market. Now one thing I do want to take a moment  to clear up is whether or not this wallet is 100% open source. I see a lot of confusion around this topic. Now the firmware on this wallet is not open source  and that’s because it uses an EAL6 plus secure element chip.
 These secure element chips are  manufactured by different companies such as Samsung and hardware wallet manufacturers not  just Tangium but really any hardware wallet manufacturer  who uses these secure element chips  have to sign a non-disclosure agreement  stating that they will not share any of the secret code  that could potentially compromise security of the chip.
 However, the Tangium app is 100% open source  and viewable on GitHub,  which is just a website for tracking code.  And that also means that if the Tangium app  ever disappears from the app store,  you can still go to GitHub  and download the Tangent map there.  Now, just because Tangent’s firmware is not open source  doesn’t mean that it is not secure.
 It’s actually the opposite.  Plus their firmware has been audited  by two security companies, Kodelsky Security and Riskier,  both who have confirmed that there are no hidden back doors  or vulnerabilities that we have to worry about as users.  Plus, Tangent has sold over a million wallets since 2017, and not a single one has been hacked.
 And not every hardware wallet manufacturer can say that.  For example, to the most popular hardware wallet manufacturers, Ledger and Trezor,  some of their older models have been hacked in the past.  Now, fortunately, they have since patched those issues,  but my point is Tangent have since patched those issues, but my point is,  Tangium has never even experienced those issues  and they’ve been in business for,  I don’t know, over seven years.
 Another question I often see is,  what happens if Tangium goes out of business?  Well, fortunately, you would still be able  to use your Tangium cards to manage your crypto  because the cards work independently  of Tangium as a business.  Now, if you know your seed phrase,  you could also just import your seed phrase  into practically any other brand of hardware wallet  and continue to manage your crypto there.
 Now, here’s what I find funny.  The biggest complaint or drawback about Tangem  is that it doesn’t have a screen,  so we’re basically blind signing our transactions.  And I’ll get to the funny part in a second.  And I’m sure you know what blind signing is,  but just in case you don’t,  it basically refers to signing a crypto transaction  without knowing or verifying all the details  of that transaction.
 Okay, so a couple of thoughts here.  First off, it’s not technically blind signing  because you can see your transaction details  in the Tangent app when you’re confirming a transaction.  But then the question is,  well, how do I know what I’m seeing is true?  What if someone hacked my phone  and they changed the details of the transaction? Well, in theory, this could happen, but assuming you’re using the  official Tangent app, this is highly unlikely, especially considering that the Tangent app was  designed to be super secure and that’s proven through the multiple security audits that it’s
 been through, which prove there are no vulnerabilities or backdoors in the app.  Now, here’s a funny part. Hardware wallets with a screen and no blind signing,  like Ledger and Trezor, have both been hacked.  Granted, these were physical hacks,  but still, their seed phrases were literally taken  right from the device through these hacks.
 Now, while most people sit there  with this theory in their head  that because Tangent doesn’t have a screen,  it’s not secure, the facts remain.  Tangent, a hardware wallet without a screen, has never been hacked while two of the most  trusted and popular hardware wallets on the market, Trezor and Ledger, have been  hacked before in the past.
 Now if you want to jump in the comments and argue  how Tangim is not secure because it doesn’t have a screen, go ahead I’m gonna  go grab some popcorn real quick and then I’ll be right back and enjoy the free  entertainment. Hopefully you’ll bring some facts and data to prove that Tangent is not secure even though  it’s never been hacked.
 Another worry that a lot of people have and that I initially had when I got  my Tangent wallet is if someone gets my hands on my card then won’t they be able to access my crypto  using their own phone and their own Tangent app. Fortunately Tangent thought ahead and whenever you  set up your Tangent wallet you have to set up a user generated  access code.  This code is required anytime you want to access your card or confirm a transaction.
 That said, if you get a new phone or maybe you want to manage your Tangent Wallet on  multiple phones, you can do that.  You just have to know your access code.  Then you just download the app, scan your cards, enter your access code, and you’ll  be good to go.  You can also opt for using biometrics over your access code to do things like confirming transactions.
 However, I think the access code  is more secure, so that’s what I stick with. So without a doubt, the card is just a stupid,  simple design that works really well, but the card is only half of the reason why I like my  Tangent wallet. The other half is the Tangent app, which is also just stupid, simple to use.  And before we dive into the app, it is worth mentioning that Tangem is constantly updating the app with new features, new tokens, and new network support  and there are some new features in the pipeline that’s going to make Tangem an even better,
 harder wallet. I know it’s hard to believe and I’m going to touch on those features in just a bit.  But even the current state of the app is pretty dang good so this is what I call the home page,  the main control hub if you will.
 From here You can do everything from adding new tokens to your wallet to selling your crypto for cash  You can easily add tokens by tapping on this manage tokens button and then search for whichever tokens you want to enable  And if there’s a token you search for but it doesn’t pop up  You can manually add it by tapping this little plus icon and pasting the tokens contract address  Assuming it’s on a network Tangent supports.
 And Tangent’s overall network and token support  is actually really good with over 61 networks supported  and thousands of tokens.  It’s probably one of the most comprehensive hardware wallets  as far as token support is concerned.  And what I really like about Tangent  is that they’re always looking for new networks  to add to the app and for the wallet to support obviously.
 And they’re getting all this feedback from their users.  So they’re not just adding random networks  but they’re adding what the people want.  You can also organize your tokens however you like  by tapping the organized tokens button  and dragging them wherever you want or to hide a token  you can just long press the token you want to hide  and select hide token.
 But you can also do everything from buying  and selling crypto to swapping one crypto  for another directly in the app.  To do that, I just tap on the token I want to interact with  and as you can see, I can get my receiving address here.  I can send it externally to another wallet  or an exchange using the send button.
 I can swap ETH, for example, for another crypto  and this includes cross-chain swaps.  And I can even buy or sell my crypto directly  in the Tangium app.  The only downside is that not all tokens are supported  to swap, buy and sell directly in the Tangium app.  Some tokens are not supported to do that.  You can only send and receive them,  which isn’t a huge deal because you can always send them  externally to your preferred crypto exchange  and sell them there or swap them  there really do whatever you need to and this is pretty common for really any hardware wallet app
 i don’t know of any hardware wallet app that lets you swap every single crypto that you are able to  hold in the wallet directly in the app however there are some future updates that Tangent is  releasing that should provide more comprehensive support so that we can swap, buy, and sell more tokens  directly in the Tangim app.
 Also a quick note,  Tangim doesn’t charge us to use their wallet.  So anytime we swap, sell, or buy a crypto  and there are fees,  these fees are not Tangim fees.  It’s either blockchain fees that you can’t avoid paying  or these are fees that are charged  by the third-party aggregators  that Tangim has partnered with,  which allows us to swap, buy, and sell cryptocurrency directly in the app.
 these are fees that are charged by the third-party aggregators that Tangem has partnered with,  which allows us to swap, buy,  and sell cryptocurrency directly in the app.  Another common complaint I see with the Tangem app  is that it doesn’t have an in-app browser.  If you’ve ever used something like MetaMask or Phantom,  then you know it has an in-app browser.  I can go to really any website directly in the wallet  and connect my wallet to those websites,  but I don’t agree that we need an in-app browser  because this is just opening us up  to visiting potentially malicious websites.
 And if you’re using a hardware wallet  the way that it’s supposed to be used,  you probably shouldn’t be connecting to random websites.  So I think an in-app browser would actually be more  of a security concern than not having one.  Secondly, just because Tangent doesn’t offer an  in-app browser doesn’t mean that you can’t connect the wallet to external decentralized applications  such as an NFT platform or a decentralized crypto exchange.
 You can still do that using Wallet  Connect, which is in the settings of the app. So just tap the three little dots, then tap Wallet  Connect and scan the QR code on whichever decentralized platform you want to connect to.  Of course, you’re doing this at your own risk because no hardware wallet is immune to the user connecting their wallet to a malicious website  and then granting scammers access to their wallet.
 That said, it is a perfect time to talk about some new features that we can expect in the Tangent Map very soon,  two of which deal directly with Wallet Connect and dealing with malicious transactions.  First off, as of now, Wallet Connect only works with EVM or Ethereum decentralized applications.  So that means we can’t connect our Tangent wallet to a Solana decentralized app such  as an NFT marketplace or a decentralized Solana exchange.
 So Tangent is working on implementing more networks so that we can do things like that.  But what I’m really excited for  is transaction scam detection.  And I assume this is going to be similar  to MetaMask’s Wallet Guard, if you’ve ever activated that.  Where basically if you’re doing a transaction  and something is fishy, the app is going to let you know,  hey, this might be a malicious transaction.
 This might be a bad idea.  This will help users avoid falling victim  to potentially malicious websites, which is a huge bonus considering that’s how most people in crypto  get hacked. And this is going to put Tangent even further ahead of the competition. Tangent will also  be implementing new swap providers, so we will be able to swap, buy, and sell more cryptocurrencies  than what the app currently allows.
 Other future updates include an in-app market watcher,  native NFT support, and an incognito mode for sending crypto, which will mask our transaction details such as our  address, the recipient’s address, and the amount transferred. Of course, for those of you who are  already fans of Tangent, you know as well as I do that we are all eagerly awaiting the native  staking feature in the Tangent app.
 Now, you can already stake using your Tangent wallet and the  wallet connect function, but it’s going to be much more convenient to have native staking in the Tangim app. Now you can already stake using your Tangim wallet and the wallet connect function,  but it’s going to be much more convenient  to have native staking in the app.  So I’m super excited for that.
 Along with new features,  Tangim has been rolling out new products at a rapid pace  as if they’re the Apple of crypto wallets.  And their latest innovation is a first of its kind  wearable cold wallet, the Tangim Ring.  It works similarly to their cards,  but it’s designed to be worn and  blend in seamlessly with your everyday wardrobe. It’s pretty dang cool.
 You can actually watch my  full hands-on review of the Tangem Ring in this video and if you still have questions about Tangem  I answer over 25 of the most commonly asked questions in this other video so definitely  check that out. I’ll see you there. Peace out.
 
NEW Tangem Wallet Features Are Here! (Plus More…) 
https://www.youtube.com/watch?v=hAVJck8m6T8
Transcript:
 Tangem just launched new updates to the app including 24-word seed phrase support,  passphrase support, and added some new networks with new updates coming very soon along with some  new details about the Tangem ring. So I’m going to cover all of that in this video. Let’s get into  it. So we’ve all been waiting a while for Tangem to support using a 24-word seed phrase.
 Previously  Tangem supported importing a 24-word seed phrase from another wallet, but now you can actually  generate your own 24-word seed phrase when you set up a new Tangem wallet. But the main question  I’m seeing now is if I’ve already set up my Tangem wallet with a 12-word seed phrase, can I change it  to the 24-word seed phrase? Well, the short answer is no, you can’t do that because when you create a  new seed phrase, you’re basically generating an entirely new wallet with new receiving addresses.
 The long answer, however, is sort of.  Assuming you have your 12-word seed phrase recorded, you can do a factory reset on your  current Tangent cards, then set them up again using a 24-word seed phrase, copy all the  public addresses you need for each crypto that you hold, then factory reset again, import  your 12-word seed phrase,  and then transfer all your crypto from your old wallet  to your new 24-word seed phrase wallet.
 So this is the only real workaround that I can think of,  and keep in mind that if you wanna transfer your crypto  to your new 24-word seed phrase wallet,  you’re going to have to pay transaction fees,  and remember, these fees are charged  by the blockchain networks, not by Tangim,  so there’s  no way to get around them.
 The only other thing that I can think of is to just buy a new set of  Tangent cards and then transfer your crypto from your current Tangent wallet to the new 20 forward  seed phrase cards. And this isn’t necessarily cheaper by any means, but then you don’t have  to do the whole factory reset and then create your new 20 forward seed phrase and import your  old seed phrase.
 Basically everything I just explained,  you can avoid that if you just get  another set of Tangent cards.  Of course, it’s up to you.  If you do end up buying another Tangent wallet  or you’re buying it for the first time,  you can use my code cyberskrilla  to get 10% off your entire order.  The next feature that we’ve all been waiting for  is also here, and that is the hidden wallet option  or the passphrase option,  but there’s one little catch to this update.
 So a hidden wallet means you can add an extra word or phrase  to the end of your existing seed phrase to create a hidden wallet.  So you can add a 13th word to your 12 word seed phrase  or a 25th word to your 24 word seed phrase.  And each combination of your seed phrase with a passphrase  creates a unique hidden wallet.
 So not only do you get a new wallet that’s even more random than just the original seed phrase,  but you also get new receiving addresses for your cryptocurrency.  But here’s a catch.  You can only import a passphrase with a Tangent wallet, so you can’t create one.  So maybe you’ve already created a passphrase using another hardware wallet like Trezor or OneKey.
 So you can import that passphrase  along with your seed phrase in the Tangem, but you can’t create a passphrase with Tangem just yet.  And this is kind of a bummer because I think a lot of us, myself included, thought that we would be  able to create a passphrase with the Tangem wallet.
 But does that mean that we won’t ever be able to  create a passphrase using Tangem? I don’t think so. In the recent blog article, Tangem mentioned  that they do not yet support creating a wallet with a passphrase. This feature is only available for  users who want to import a wallet created with a 24 word seed phrase plus passphrase. So the  fact that they said it does not yet support creating a passphrase gives me hope that soon  we will be able to create a passphrase using our Tangent wallets. Other new features that have gone live with this most recent app update include support for Moonbeam, ZKZnk, Polygon,
 ZKEVM, Moonriver, Flare, Teroxa, Playable Games, and Base Networks. But don’t worry, support for  other highly anticipated networks including ICP, Joystream, SCI, Bitten, Soar, Koinos, Radiant, Mantle,  and some other unknown networks is coming in the next month or two. And that’s not all.
 Tangent also  revealed that soon there will be various colorways to choose from in addition to the current black  cards that they offer. So there will be the highlighter colorway that includes vibrant  yellow, blue, and orangish colors, along with the pastel colorway that includes orange, blue,  and green cards.
 But get this, rumor has it that Tangent is also potentially going to create a  stealth version of the card. So this card would have little to no branding. And I’m pretty sure  they got this idea from all of you and me because I have been relaying to them that we all want a  stealth version of the Tangent card, one that’s super discreet. And now it seems that they might be trying to make this happen.
 So I think they said  that they have to check with their legal team. So if they give them the go ahead, then we can  probably expect a stealth version of the card very soon. As for the next app update, we can expect a  lot of new features as well, including a send screen redesign, additional in-app language support, more centralized and decentralized exchange integrations,  new Cardano and Hedera tokens,  Tron and Polkadot transaction history,  live market data, multiple accounts,  and staking options for Solana,  Cosmos, Polkadot, Polygon, Cardano,
 Avalanche, Tron, Binance Smart Chain,  Near, Tezos, Kronos, Kava, and even more coins  later on. Plus there will be new options for on-ramping aka buying crypto as well as off-ramping  aka selling your crypto and transferring it to your bank account with better rates than Tangem  currently offers.
 And we can’t forget about the Tangem ring which I do have some new details on  so the website for the ring should launch sometime in June  and make sure you’re subscribed to the channel  if you wanna be the first to know  when the website goes live and when pre-orders begin  because guess what?  This first batch will only have 10,000 rings in it.  So only 10,000 rings will be available to purchase.
 So you definitely wanna be ready  and you can also use my discount code to save a  little money when that pre-order goes live as well. And here are some things that you need to know  before the ring launches. So it will be available in a few different sizes ranging from size 9 to 13.  This is US size and there will be specific instructions on the ring website on how to  select the right size for your  finger.
 But honestly, I just recommend going to your local jeweler or really anyone who sells rings  and get your finger sized in person. That way you know the exact size once the pre-order goes live  so that you can act quickly. Okay, so what will the Tandem ring come with? Well, this first batch  will come with one ring. This is actually the prototype Tangim ring right here and two Tangim cards.
 So you basically have your primary wallet  and then your two backup cards. You cannot buy the ring on its own. You can only buy it as one ring  with two backup cards. That’s the only way it’s going to be offered at least for the first 10,000  rings. So the ring is hypoallergenic.
 if you have sensitive skin you should still be able to wear this ring without any issues it’s made out of composite zirconia ceramic which is a material  commonly used in the dental industry so not only is it skin friendly but it’s also extremely durable  just like the cards it’s been stress tested so they designed this ring so that you can wear it  and still do all your day-to-day activities washing the dishes working on your car which I don’t recommend you shouldn’t be wearing any jewelry when you work on  you know moving parts but it doesn’t scratch it’s not going to break you can swim with it if you  want to basically it’s extremely durable and I don’t think you understand how much work Tangem
 has actually put into designing this ring to make it durable so that we can use it every single day  they’ve been working on this for a year  and they finally found the perfect solution.  So I’m pretty excited for this ring.  And I know a lot of you say,  well, who’d want to advertise  that they’re wearing their crypto on their finger?  Well, this prototype ring,  it looks pretty much like the final product, I’m sure.
 So there is no branding on the outside of the ring.  It’s only on the inside.  So someone just looking at your finger is not going to know that you’re wearing a crypto wallet on your ring.  And to actually scan this ring, like you scan the Tangent cards,  you have to take the ring off of your finger and hold it up to the back of your phone.
 So you don’t have to worry about, you know, holding someone’s phone or someone getting their phone close to your finger and it detecting the NFC antenna in this ring,  you have to take it off to use it. So this first batch of ring will ship directly from the  manufacturer beginning August 28th.
 
Major Upgrades Coming To Tangem!🚨Self-Custody Roadmap INTERVIEW🔥 
https://www.youtube.com/watch?v=8iRO7uyPfMM
Transcript:
 Today we’re going to get into self-custody. I think a deep dive on  Tangium and go into a little bit about what you should be doing around  self-custody as a whole. You guys are going to love it. My name is Paul Barrow.  Welcome back into TechPath. I want to start off with today, by the way, if you  guys have not checked out our Tangium offer, we always give that to our sponsor, which is usually at the front of the show here. Today we’re going to have Tangent on the show talking about some of this stuff, but you can use our code down below and you’ll get a 10% off your Tangent card. So check that out.
 tweet and this is an interesting component of self custody do you actually prefer centralized ownership with no option to self custody almost 26 percent are saying yes i still like centralized  ownership so that’s a problem i think this is one of the things that we still have yet to achieve  and that’s probably maybe even off this had about 4 000 votes on it but that’s a pretty significant  number of people that are still looking at centralized as the answer.
 We’ll get into all of this good stuff.  If you guys have not checked out our last video that we did with Tangent, I’ll show you a little bit.  We had a full kind of pros and cons kind of scenario.  This is some of the things we really like about Tangent.  We actually did a video on them about seven months ago to break down their 2.
0 wallet launch so you guys can go back and check that out uh today though i want to bring in tangem and let’s dive in a little deeper with  david coming in from tangem welcome to the show thank you paul thank you very much for having me  and thank you very much for your community uh that you guys are really so stunned about tangem and  all the great feedback we have had from the last video and i was really surprised that it was  already seven months ago and for all have had from the last video. And I was really surprised that it was already seven months ago.
 And for all those questions underneath the first video,  no, this poor German guy is not so poor  that he cannot afford a camera with color.  No, that’s just my style and I love that.  So thank you very much for having us.  I always love to get you on the show  because you have that vintage look with the camera filter there.
 So it’s a good one.  Thank you so much.  Yeah, I want to get into all of this.  I have a bunch of questions for you.  As far as the update, seven months later,  we’ll get into all the different features and things of that.  I want to lead off with the new network.  So what’s available now on Tangent?  What’s coming?  Give me kind of the rundown.
 It is really amazing.  So, I mean, as you have experienced this already last time,  we are absolutely 100% community-driven.  So whatever our community wants from us, we do it.  For right now, we have more than 42 Layer 1s  available on our Tengen app on our hardware wallet.  And we have many, many more coming.
 So like you already have that up here.  So we’re talking about Moonbeam, ZK Zinc era.  We also have ICP Implant, Zai, Betenzo Tau, Manta Network, Base, Flare, and so many more coming.  It’s unbelievable what our developers are doing right now. So that is, I mean, again, it’s all  community driven and we’re working so hard to get in the next weeks and months all this important networks up that our community was asking for.
 And also a lot of feedback came back from your community and also asked for a lot of these networks, specifically like Zai, Betanzer, ICP, I mean, Radiant Network as well.  Yeah.  So good advancements, at least on the number of tokens available.  Yeah.  So good advancements, at least on the number of tokens available.
 Obviously, the number of networks that are available for many people who have kind of looked at the opportunity.  I think when you look at self-custody, that’s a big key is having enough bandwidth there and enough flexibility to kind of get into all the potentials here.  Of course, base network, is that available now?  And can I get it on Tantrum today?  Or when will that be in? As far as I know, base is already implemented.
 I don’t know if it was just on the beta network, but if it’s just only on the beta network  right now, you can definitely get that in the next days on because our team is so quick  with testing and then release it, test it, release it.  I mean, just the marathon right now, what we’re doing for the summer.
 Yeah. Let’s talk a little bit about staking because this is coming up very fast. You’ve  got Solana, Cosmos, Polkadot, Polygon, Cardano, Avalanche. Many of these are top tokens,  even near protocol in there. What is that going to look like? Explain to me a little bit more  about the staking process.
 Is it going to be very similar to other wallets where I’m going in, finding a validator,  staking my tokens?  Do they disappear off my wallet  like they go into a validator  with some of the other wallets?  Or how will you guys do it?  So I need to slow you down a little bit.  So our developer team is working very, very hard on that.  We have an aggregator right now  who’s doing the staking for us.
 So most likely I cannot talk too much to that, but I can definitely say that we will have by  the end of June the staking of all that assets, what you already said there right now with  Trezor, Kronos, Kava, Tron, Avalanche, Binance, Smart Chain, Near, Cardano, Polygon, Polkadot,  Cosmos and Solana as well online on our wallet.
 If you delegate the tokens or you’re going to  send it to another network, I couldn’t say that right now, but I’m pretty sure we’re  going to do that with a delegation so it stays in your wallet and you just provide liquidity  for that so then the staking can get processed. That’s the good thing about that right now.  We already have, for example, VeChain Live for staking.
 I mean, is VeChain staking or  is it an airdrop? I mean,  some people say so, some people say so. So you definitely get your rewards right now in  VTHOR when you have VeChain on your Tangent wallet in the main network. So that is already  in process, that’s already implemented and the next networks are coming. We’re really,  really proud of that.
 So like I said, end of June, we’re looking forward to have that 100%  live and for everybody  to play around with that and to make sure that you don’t need to send anything to third party  or your assets need to leave the wallet. And I think that’s a big plus, also increasing security  and also make sure that you couldn’t get frauded or that nothing can disappear from your wallet.
 And that’s, I mean, again, safety is important for us. Well, I think security is such a huge role.  This is one of the things that, you know,  when I’m talking to people that are getting into self-custody for the first time,  that’s always kind of the first question mark.  How secure is it? What’s the process?  And once you explain it to them and show them the utility case,  especially of a tangible wallet,  I think a lot of people feel much more comfortable  about it once they understand. And we’ll talk about that in a second in terms of educating
 consumers. For those of you guys listening in right now, make sure and smash the like button.  It is one of the ways that other people will learn about these kinds of tool sets that are  out there, especially in self-custody. We will be doing something very special towards the end of  the show. So make sure and stick around for that.
 We’ve got a surprise for you out there.  I want to get into this a little bit further because networks are one thing, but also getting into swaps.  Now, a swap, of course, is already available within the Tangent platform itself.  What about the model that you guys have here on one of your roadmap slides that we looked at?  New on-ramp, off-ramp providers, better rates, all that kind of stuff.
 What’s in the cards right now coming down the pipe?  Yeah, thank you very much.  And you said it pretty clear, Paul.  I mean, having a seamless experience for the users  where they can really do everything in one app is absolutely important.  It also reduces the risk that you’re going to send maybe something to another spot  where you maybe mismatched a wallet address or something else is wrong.
 So we make sure that you can do everything directly in our open source app.  And by the way, our app successfully passed the second external firmware audit from another  company without any found issues, backdoors, et cetera.  So the opportunity of having a cross-chain swap directly on Tangent was very important  for us.
 And we were pretty proud to launch that a couple of months ago.  So right now you can swap most likely everything to everything.  And not only between EVM-compatible networks,  so like Ethereum to whatever, Solana, sorry, Ethereum to Matic or something like that.  So right now you can really swap your Bitcoin to XRP or maybe in the opposite direction,  whatever you would like to do with that. And that again, without having your assets leave the wallet. And we’re pretty proud that due to the fact that we
 have right now one decentralized exchange with 1inch integrated into our cross-chain  swap, we also have two additional exchanges with Change.ly and Change.now as aggregators. And we will definitely bring on in the next month also OKXDAX,  which also brings a lot more of assets  that you can swap directly on the app  without having them to leave your wallet.
 I want to talk a little bit about Tangent Pay.  This is a slide right here.  You’ve got Tangent Pay as a new product coming in.  Production and testing come in June.  Pre-order and launch.  Now it shows this in the EU and the UK.  What’s the likelihood of us seeing it here in the US, Tangent Pay?  Yeah, I cannot say too much of that because this is a very, very complicated legal thing  for us.
 We need to make sure that we fulfill all the roles, all the different requirements also here in the States. And I mean, we know how quick the SEC can file  something that’s probably not correct, but they’re going to do that. So we need to make sure that we  do everything correct from the very beginning.
 So therefore, we started with that in Europe as  first and also United Kingdom. And we’re pretty confident that we can continue that also in the  States within a short time period. But coming back to Tangent Pay, and it really makes me so proud  to talk about that because we as Tangent are the very, very first hardware wallet supplier or the  payment provider.
 Well, not a payment provider, but the hardware supplier that is capable to do  a directly 100% direct swap between you want to pay your coffee, your groceries,  your gas on the gas station with cryptos, with that crypto you want, Bitcoin, Ethereum,  maybe USDT, whatever you want.  And we’re not making that middle step of pay the gas station with US dollars and use it  from your account and then have a middleman that swaps it into US dollars and then send  it to the gas station.
 We’re going to do that directly with Visa together.  So Visa takes care about everything, our official partner, what we’re really proud of.  So I know we have talked about that seven months ago already a little bit, but unfortunately  things take time and we need to make sure that everything we’re going to do is 100% correct and  according to the regulations.
 And coming back to the card a little bit, I mean, most likely  everybody of you know our cards, what we have right now with the 2.0 version. And here comes  a very important topic. These cards, what you have right now, no matter if you got the 2.0 version  or the 1.0 version, this is still your wallet. If you decide to have  the Tangent Pay, this is a complete new product.
 So this stays your wallet and the Tangent  Payment Card will be a separate item, a separate product. So no mixing up with your hardware  wallet and payment possibilities.  But yet at the same time, it’s going be connected into your the wallet itself, the hardware wallet. So the functionality in terms of ease of use  because that’s that is a big problem right now if you use crypto and have  these you know kind of these debit card platforms I won’t mention the companies  that are doing this but there’s a transfer process there’s usually a fee  involved I mean those are some of the challenges so I’m intrigued with the fact that you guys are kind of going this direction with Visa.
 So good to know.  So, also we have another very, very, very important feature.  What I have already had in conversation with our CTO a year ago at the Permission List  2 in Austin.  And this is the passphrase option.  So with the latest update, I think it was launched last week, you can also have your 24  word seed phrase plus your 50 digit long passphrase.
 What makes it very, very important  and very, very safe to have an additional layer. What makes it, I mean, absolutely unimpossible  to hack your wallet. Well, that again, that gets back into the security side of things,  so I do agree with that.  Push notifications are coming, additional in-app support for language,  send screen redesign, you guys are doing all that.
 And you mentioned the fast phrase support there.  Okay, so this is one, these are all welcome features coming forward.  And I think, you know, I haven’t tested this within an app right now because I use multiple devices.  But I’m curious, someone has one phone, but they have, you know, a wife has a set of cards.
 Your daughter has a set of cards.  You have a set of cards.  Can I combine those into one platform and use them all under one app?  Yeah, most likely. What I got, I mean, I got on my phone by its own, I got, I think,  eight different wallets, eight different Tandem wallets on my phone.
 I got for my own five  wallets, no, sorry, four wallets. I got for my daughter, for each daughter, one wallet.  So I’m at eight. I got a burner wallet. So I got nine wallets right now. So you can definitely have everything in one wallet together and then you can slide  in the very top from left wallet to right wallet.
 It’s pretty comfortable feature and  to make sure that you can separate your assets. I mean, this is also a security factor. I  don’t like to have everything on one wallet. Yeah. So for example, my barrier is $10,000  on one wallet. If I reach that, I create a new wallet, have that by my side.  And this is most likely also a reason why I have really multiple cards here right now.
 What starts from very, very, very different designs and customized designs.  You can see a couple of the Casper wallets.  You can see the Bad AI.  You can see the chicken wallet.  That’s a pretty a pretty interesting design.  And Paul, I think we’re also working on one of your designs, aren’t we?  Yes, we are.
 We are going to have a special design coming out for the PBN  that will be available out there for you guys to be able to get to.  So that’s going to be a cool one.  So I can’t wait until the chance to where you show off the PBN wallet.  Yeah.  It’ll be fun.  You’re in final testing and production right now for the ring.
 This is a cool product.  The demand, what do you think the demand is going to be for this once it hits?  Yeah, so I have the ring already for most likely the last five months.  And in my first life, I’m a welder, pipe fitter, and metal worker.  So I have really stress tested the ring over the last five months for me within my daily routine.
 I’ve really done everything with it.  And it’s created out of a special ceramic composite.  So it’s mostly the same like your implants on the teeth are.  So a very, very hard and durable material.  And I was not capable to do any scratches on it or damages.  And we have stress tested that ring so horribly, nothing could really happen, nothing could  fail and this is an absolutely durable product.
 So we’re going to put our website up for pre-order most likely in end of June probably.  And we will start in the second quarter of this year with a limited batch of 10,000 units. US size from 9 to 13 will be available. So you can also get some information  on our website about how to measure the size and how to get your perfect size for that.
 And the ring will come in a set of two cards. So you get your two Tandem cards plus a ring together.  So this will be your set of your Tandem rings.  So the ring, the set by its own, will  be a little bit more pricey.  It’s not the same price as we have right now,  because this is definitely a luxury item.
 This is definitely a higher quality item.  And we make sure that everything works fine.  The ring by its own also gets produced in Great Britain.  And it gets packaged by the same  wrapping machines like the Apple products. So you get a little bit of extra premium on that.  Now I noticed something in the demo that you did showing the transaction and you took the ring off  your finger.
 Is that required now? We made sure that this is definitely a security feature that  we can guarantee that nobody can scan your ring directly when you have it on your finger.  And I’m happy to show that maybe a little bit to you, ladies and gentlemen.  So if I’m going to grab my phone right now and hold it here in front, you can see nothing happens.  The ring definitely does not get involved.
 does not get involved.  And if I’m going to take the ring off and I put my phone here.  All right.  Okay.  You can see there is a drop action about the ring.  And this is kind of our cons in Wishlift.  So no NFT support.  I know you guys have talked about this.  We keep begging for it.  What is the likelihood of us seeing that coming soon?  It’s with the next update. We have so many people coming up.
 Everybody in the team agrees we need  that and it is implemented for one of the next updates. It’s definitely 100%.  Very nice. What about native Web3 Dapp support? This is something that has been incorporated into  things like the Coinbase wallet. What about with Tangent?  has been incorporated into things like the Coinbase wallet.  What about with Tangent?  So we’re not supporting any additional wallets.
 What we’re going to do, we provide app support for Wallet Connect for the new 3.0 version.  Sorry, the latest and greatest version.  This is what we’re definitely going to have,  but we’re not doing additional Web3 support  like securing maybe your MetaMask wallet with it or anything else.  But the app support, yes, for sure.
 That’s what we do.  I want to show a couple on here.  This is Flow support because this is Nani.  And then you also look at Root Network,  which is coming over now.  We’re seeing a lot more movement for XRP.  What is the likelihood of starting to see  those networks coming in?  So putting a trust sign up to XRP  is something that I’m discussing with our developers  a lot of times. We know that this is requested, unfortunately. Let me say unfortunately.
 Our  complete development process are driven by the community. And if me as a brand ambassador or  teammate is saying, hey, I want that, it means nothing for our team. But if our users, if our  customers, if our community say we need that, then it  gets higher and higher and higher on our priority list.
 But unfortunately, not so much people  have asked for that right now. So maybe this is a little bit of a push with the community.  Feel free, shoot an email to our support team and say, we need XRP trust lines. We need  flow support for Ethereum.  When you look at native crypto to USDC, whether it’s a Solana to USDC, etc.  What about that kind of feature coming into Tangent?  That’s available right now with the cross-chain swap.
 You can swap really everything to USDT, USDC on all networks,  no matter if it’s Tron, Solana, Ethereum, Avalanche, Optimism.  I mean, I could go on, I could go on,  but this is available right now to do the cross-chain swap, yeah.  Domain addresses, sending to domain addresses,  like.eth, et cetera.  What’s that going to look like in the future?  We’re working on that.
 I experienced two years ago, one year ago,  that this was not possible,  and I addressed that very early on,  and we’re working on that.  Good, all right.  Last couple of things is Tangent  Community Airdrops.  That would be a great strategy, I think,  because, you know, especially with our community,  they love airdrops, it seems like.
 And then also the friends and family  address list, you know, being able to kind of  build that into the app itself.  I want to send something to my friends here in the studio  or family and friends,  making it easy to go.  What about those kind of things?  Coming at first with the ad drops, I mean, you can generally participate also if you’re  doing transactions on the network, et cetera.
 I mean, whatever the requirements to hold you accountable for an ad drop is, I mean,  you can participate on that and then connect with Wallet Connect to all the, let me say,  the apps that you need to fulfill that.  That is definitely something you can do right now.  The idea of having family addresses maybe connected with your phone book  or with an own address list was something that we pretty much stayed away for a long time.
 Because here’s the deal.  We don’t like to collect any information about our users.  Nobody in the world knows that this is David’s card or that this is David’s card  or that this card sits in North Carolina.  Nobody knows that at Tangent.  We don’t store any information of our customers.  But we heard that feedback from the community.
 Everybody would love to have some kind of a minimum address book  and say this is the name and this is the wallet address.  So long story short, one of the updates for the next features.  One of the features for the next features, one of the features for  the next update. Sorry. All right. So David, we’re going to do a big giveaway.
 And of course,  this giveaway is going to be given to our Diamond Circle members. So we’re going to do,  what are we giving away today, David? What is the preview here?  Yeah. First of all, we as Tandrum want to say thank you very much for all the great feedback.  And I can tell you whatever you’re going to put down below the video will get  read by our management team, by our marketing management team, and also by our support team.
 So all your feedback you got, put that down there.  We take that and we make sure that we develop our product in that way that you love it.  And with this giveaway, we want to say thank you very much to the great community  and to your audience  with three sets of three cards  of our Tandem wallet  of the black version right now.
 I like it.  So, Paul, you say what the requirements are.  Yeah, well, it’s very simple.  All you have to do  is be a Diamond Circle member.  You can sign up today.  You can just go to our website,  PaulBearerNetwork, and you can join today. But we’ll select from that membership group. We’ll  do a random selection and we’ll, of course, email you because we get your email when you become a  Diamond Circle member because you, of course, get in our updates, all that kind of stuff.
 We’ll email you a direct link and say, hey, here’s the winner. We’ll connect you with Tangent.  They’ll be able to, we’ll stay out of it. They’ll be able to drop you a set of Tangent cards over there. So it’s a great,  just another addition for you guys being part of the community. So we want to thank you for that.
 Hey, David, it’s been always fun kind of jumping into what you guys are doing. And I’m very excited  at kind of the future of what self-custody is going to look like. Tangent seems to be right there on the forefront.  So thanks again for stopping in.  We appreciate it.  Thank you very much, Paul, for having us.
 It’s always a pleasure.  And I’m looking forward to talk with you in the third meeting, maybe in some month again.  We will.  We will.  All right.  You guys, of course, if you’re not in the Diamond Circle, get in there.  It’s a great place to get additional content.  And guess what?  Now you get some giveaways.
 So super easy.  If you’re not following me on X, make sure and do that.  It’s just at Paul Barron.  And we’ll catch you next time right here on TechPath.