Avalanche Foundation Launches Avalanche Card

The Avalanche Foundation, a non-profit overseeing Avalanche blockchain development, has launched the highly anticipated Avalanche Card, a Visa credit card for cryptocurrency purchases.

Developed with Rain, a blockchain-based card issuing platform, this card allows users to spend Avalanche tokens (AVAX), wrapped AVAX, and stablecoins USDT and USDC at any Visa-accepting stores, making it suitable for both in-person and online transactions.

The introduction of this card shows growing integration between traditional finance and cryptocurrency, following the Foundation’s announcement in October to target user sign-ups in Latin America and the Caribbean.

Recent statements reveal accelerated sign-ups in Latin America, Southeast Asia, and Africa.

The credit card will connect to users’ new self-custody wallet, providing a unique address for each asset.

In their statement, Avalanche expressed their commitment to enhance decentralized finance (DeFi) accessibility for all users.

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