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Bitcoin:
$ 84.603
BTC Dominance:
% 59.6
Market Cap:
$2.81 T

Avalanche Visa Card Goes Live!

Avalanche

The Avalanche Foundation has launched the highly anticipated Avalanche Card, a Visa credit card that allows users to make purchases using their cryptocurrency. The card enables users to spend their Avalanche tokens (AVAX), wrapped AVAX, as well as the stablecoins USDT and USDC at any store or online platform that accepts Visa.

Avalanche Foundation Collaborates with Rain for Card Development

The Avalanche Foundation, the non-profit supporting the development of the Avalanche blockchain, announced that its Avalanche Card is now live and ready for use. Developed in collaboration with Rain, a blockchain-based card issuing platform, the card allows users to spend AVAX tokens, wrapped AVAX, and the stablecoins USDT and USDC at any Visa-accepting store or online.


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This launch marks a significant step in the integration of cryptocurrency with traditional financial technologies. While other teams have also released credit cards tied to cryptocurrency holdings, the Avalanche Card highlights the growing fusion of crypto and traditional finance.

Avalanche

User Sign-Ups Accelerate in Multiple Regions

In October, the Avalanche Foundation revealed plans to target user sign-ups in Latin America and the Caribbean. In Tuesday’s statement, the team reported that sign-ups had accelerated in these regions, as well as in Southeast Asia and Africa.

According to the card’s website, it will be linked to users’ “new self-custody wallet and unique address per asset.”

The Avalanche team added, “In a move to double down on mainstream adoption of decentralized finance (DeFi), Avalanche remains committed to powering accessible inroads to blockchain for every type of user.”


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