Avalanche AVAX/USD has launched the Avalanche Card, a crypto payment card that allows users to use digital assets to make purchases anywhere Visa is accepted.
The card supports cryptocurrencies such as USDC USDC/USD and AVAX, allowing owners to use cryptocurrencies as easily as traditional currencies.
The card is available in both physical and virtual formats and will initially be released in Latin America and the Caribbean, with plans to expand to other regions.
Avalanche cards work without traditional financial relationships. This means it is not tied to a bank account and transactions will not affect your credit score.
Upon signing up, users are provided with a self-custody wallet, giving them secure and instant access to their funds. Security features include spending alerts, the ability to freeze your card, and the option to change your PIN at any time.
Avalanche’s latest move represents an important step towards making cryptocurrencies a viable and mainstream payment method.
Avalanche helps bridge the gap between cryptocurrencies and traditional financial systems by providing the ability to use digital currencies for everyday transactions.
Also read: There’s no more pro-crypto Congress than this one: Here’s why
The card will initially be offered in regions such as Latin America and the Caribbean, where financial inclusion and access to traditional banking services may be limited.
However, users from certain countries such as Cuba, Venezuela, Nicaragua, and Russia are excluded from accessing the card.
In addition to consumer-focused advancements like the Avalanche Card, the company is also enhancing its blockchain infrastructure.
Through our partnership with Chainlink LINK/USD, Avalanche is piloting an AI-powered on-chain database powered by decentralized Oracle technology.
This new system will provide real-time data processing across the blockchain network, increasing the transparency and efficiency of corporate activities such as mergers and dividends.
Avalanche was also recently involved in buying back 1.97 million AVAX tokens from Luna Foundation Guard for $45.5 million.
The tokens were initially sold to LFG to build TerraClassicUSD reserves, but this settlement is intended to prevent complications from LFG’s bankruptcy proceedings.
What’s next: The growing integration of cryptocurrencies into everyday life and the broader financial system is likely to be discussed at Benzinga’s Future of Digital Assets event on November 19th, where Industry leaders explore how tools like Avalanche Card are shaping the future of digital assets. digital currency.
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