Avalanche Launches Visa Card for AVAX, USDT, USDC Spending, Targeting Latin America

Avalanche has launched the Avalanche Visa Card, allowing users to spend their AVAX, USDT, USDC, wAVAX, and sAVAX tokens at any of the 150 million merchants that accept Visa. The card facilitates the use of cryptocurrency in everyday transactions, both in-person and online, targeting users primarily in Latin America and the Caribbean.

Developed in partnership with Rain, a blockchain-based card issuing platform, the card is available in digital and physical formats. Sign-ups have also accelerated in Southeast Asia and Africa.

The Avalanche Card functions as a credit card, not a debit card, and is not FDIC insured. Users will receive a new self-custody wallet and a unique address per asset upon signing up. The card aims to provide a seamless way for users to utilize their crypto assets for purchases wherever Visa is accepted.

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