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Finbold 2025-02-26 13:42:23

Avalanche Foundation and Rain unveil a new crypto card

The Avalanche Foundation, a platform dedicated to advancing the Avalanche ( AVAX ) ecosystem, and Rain, a financial technology ( Fintech ) company, have launched the Avalanche Card, as per the reports shared with Finbold on Wednesday, February 26. Both a physical and digital credit card , the Avalanche Card allows users to make purchases using their crypto holdings anywhere where Visa would be accepted. As of now, the card supports USD Coin ( USDC ), Tether ( USDT ), Wrapped AVAX (wAVAX), and AVAX. Avalanche Card features The card was announced back in October 2024 , when Avalanche promised 24/7 dedicated support and seamless transactions via popular mobile apps. Now, with the launch, the team has emphasized features such as accelerated sign-ups in Southeast Asian, African, and Latin American countries. Individuals from Cuba, Venezuela, Nicaragua, Russia, North Korea, Syria, and Iran, as well as those from Crimea, Luhansk, and Donetsk, however, are not eligible for the card. Integrated with Visa’s network directly, the Avalanche Card allows for online and in-store transactions and removes the need for crypto-to-fiat conversions. In addition, the Avalanche Card facilitates international transactions without conversion fees, thus offering a secure alternative to traditional payment methods in regions with unstable or lacking banking infrastructure. Likewise, the card comes with features such as spend alerts, freezing, and PIN code changes. As such, the launch aligns with Avalanche’s broader objective of driving worldwide adoption of decentralized finance ( DeFi ) solutions. The post Avalanche Foundation and Rain unveil a new crypto card appeared first on Finbold .