The Avalanche Foundation has introduced the Avalanche Card, enabling users to make everyday payments using cryptocurrency through the Visa system.
What is the Avalanche Card?
The Avalanche Card is a cryptocurrency payment card created in partnership with Rain, allowing the use of digital assets anywhere Visa is accepted. At launch, it supports AVAX, Wrapped AVAX (wAVAX), USDT, and USDC. Crypto funds are converted to fiat when transactions are processed.
Why the Avalanche Card Matters
For millions in Latin America, Africa, and Southeast Asia struggling with high banking fees and inflation, the Avalanche Card offers an alternative financial solution. It empowers financial freedom in underbanked regions and integrates crypto into mainstream finance.
How the Avalanche Card Works
The Avalanche Card operates like a credit card. Users load the card with crypto, setting a spending limit at 50% of their USD balance. Transactions accumulate and settle once a day, helping avoid selling crypto assets at unfavorable times due to market fluctuations.
The Avalanche Card provides users the capability to utilize cryptocurrency for everyday payments, offering a new level of convenience and integration with the traditional economy.
