Avalanche Foundation Launches Visa Card for Cryptocurrency Transactions
The Avalanche Foundation has launched the Avalanche Card, a Visa credit card allowing users to spend cryptocurrencies including Avalanche tokens (AVAX), wrapped AVAX, USDT, and USDC. Developed with Rain, the card supports transactions at any Visa-accepting store for both in-person and online purchases.
Key details include:
- The card facilitates integration between traditional finance and cryptocurrency.
- Focus on user sign-ups in Latin America, the Caribbean, Southeast Asia, and Africa.
- Card linked to a self-custody wallet with unique addresses for each asset.
Avalanche aims to enhance mainstream adoption of decentralized finance (DeFi) through this initiative.