Important points
- The Avalanche Visa card allows you to spend cryptocurrencies directly at Visa merchants in Latin America and the Caribbean.
- Users manage their crypto assets through a self-custody wallet with no transaction fees.
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Avalanche has launched a new Visa card for cryptocurrency payments. This allows users to use assets such as WAVAX, USDC, and sAVAX at any merchant that accepts Visa.
Avalanche card is now available! 🔺
You can use WAVAX, USDC, sAVAX, etc. anywhere Visa is accepted.
Enjoy seamless transactions with both physical and virtual cards, 24/7 dedicated support, and our popular app.
The future begins now! Join our waitlist to see everything we have to offer. pic.twitter.com/NUmW93sX5P
— Avalanche Foundation 🔺 (@AvalancheFDN) October 21, 2024
First available in Latin America and the Caribbean, the card offers both physical and virtual options, 24/7 support, and seamless integration with popular apps for convenient transactions. Masu.
Unlike traditional credit cards, Avalanche cards do not report activity to credit bureaus. Instead, users spend directly against their crypto assets, which are securely stored in a self-custody wallet provided upon sign-up.
Upon signing up, each user is provided with a unique address for each asset in their wallet, giving them complete control over their digital funds.
Despite its flexibility, users are cautioned that the card is not FDIC insured, the value of the tokens may fluctuate, and assets may lose value completely. Please.
Although there are no fees for using assets on Avalanche cards, users are encouraged to review their card terms for a complete list of applicable card or service fees.
Avalanche Card is issued by financial technology company Rain Liquidity and is powered by Rain.
The card provides access to spend cryptocurrencies just like traditional cards, but users should be aware that selling cryptocurrencies may result in tax liability, especially when using assets other than USDC. You need to be aware of the tax implications.
Despite AVAX falling 80% from its all-time high of $146 and trading at $27.7, Avalanche's new spending card offers a practical way for crypto holders to use their assets in everyday transactions. We provide solutions. The card is expected to expand to other regions and bring cryptocurrency spending to a wider audience.
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