According to their X announcement, users will be able to spend crypto via both physical and virtual cards, while enjoying 24/7 dedicated support and seamless transactions via popular apps.
Avalanche Introduces the New Visa Card
On its official website, Avalanche revealed the new card in both physical and virtual forms, telling users “your crypto, your rules.”
According to the official notes, users will be able to spend WAVAX, USDC, sAVAX, BTC, ETH, and more digital assets wherever Visa is accepted.
According to the official website, the Avalanche Card is offered by Rain Liquidity – a financial technology company.
Avalanche Card is powered by Rain and issued by partners licensed in their jurisdictions as identified in the cardholders’ agreement.
Also, Avalanche Card and Rain Financial are not asset custodians and the assets securing users’ cards’ accounts are owned and custodied by users.
What Avalanche Card Offers
Users of the Avalanche Card will benefit from the following:
- Crypto-friendly spending anywhere Visa is accepted
- Physical and virtual cards are available
- Dedicated 24/7 support
- Easy spending via popular apps
- Instant crypto access with spend alerts, freezing, PIN changes
- Enhanced features for complete control and security
More Important Details
- The Avalanche Card allows users to make purchases against the value of their crypto.
- The card is not a credit card, and user activity is not reported to the credit bureaus.
- When users sign up for the Avalanche Card, they get a new self-custody wallet and unique addresses for each digital asset.
- The Avalanche Card will be initially available to individuals residing in Latin America and the Caribbean.
- There are no fees when spending assets with the card.
- Spending against USDC does not involve any taxes, but spending against other crypto may involve selling which can be taxable.
In order to sign up for the Avalanche Card, users have to join the waiting list by providing their e-mail address and country of residence.
