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40%+ Latin America vs 30%+ US: who spends with Tangem Pay?

2026-10-07

Tangem, a crypto wallet provider based in Switzerland, says access to crypto cards does not line up with where people want to use them. The company told Cointelegraph that demand can be higher in places where getting a card is harder. The report was published on Oct 7, 2026.

Tangem shared where its payment volume comes from. Latin America accounts for more than 40% of payments made through Tangem Pay, and the US accounts for more than 30%. In some markets, physical cards are still restricted.

Tangem is expanding its Visa payment product. Users can spend directly from Tangem's self-custodial wallet. The report does not say which markets restrict physical cards, how many users Tangem Pay has, or how much money moves through it in total.

For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The story is about card payments from a self-custodial wallet. It includes no information on funding rates, trading fees or exchange liquidity.

Source: cointelegraph — Crypto card access doesn’t match global demand, Tangem says

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