The Avalanche Foundation has launched a payment card that opens up new possibilities for using cryptocurrencies in everyday life.
What is the Avalanche Card
The Avalanche Card is a Visa-powered payment card that allows the use of cryptocurrencies wherever Visa is accepted. Developed in partnership with liquidity provider Rain, the card supports AVAX, Wrapped AVAX (wAVAX), USDT, and USDC at launch, with plans to add more in the future. Crypto funds are converted to fiat when transactions are processed.
Why the Avalanche Card Matters
The card enables financial freedom in regions where traditional banking services are hindered by high costs and inflation, especially in Latin America, Africa, and Southeast Asia. Additionally, it integrates cryptocurrencies into mainstream finance, reducing reliance on banks.
How the Avalanche Card Works
The card functions like a credit card by allowing users to load crypto, with a spending limit set at 50% of their balance's USD value. Conversion to fiat occurs once daily, helping to avoid selling assets in unfavorable market conditions.
The Avalanche Crypto Card represents a significant step in integrating cryptocurrencies into everyday economy, providing new opportunities for users worldwide.
