The Avalanche Foundation, the non-profit that helps manage the development of the avalanche blockchain, said it expects the avalanche card, a visa credit card that allows users to buy items using their cryptocurrency, is live and ready to use.
The card was developed in collaboration with Rain, a card -based blockchain platform. It allows users to spend their Avaxche (AVAX) tokens, Avax, and Stablecoins USDT and USDC at any store that takes the visa, the foundation said in an email. Good for in-person or online transactions.
While the other teams also released credit cards Tied to a user’s crypto holders, the news indicates a further integration between traditional financial and cryptocurrency technologies.
The avalanche foundation said in October It planned to introduce the card, which focused on signing up users from Latin America and the Caribbean. In Tuesday, the team said the sign-ups were accelerated in that region as well as Southeast Asia and Africa.
According to On the card websiteThe credit card is attributed to the “new self-custody wallet and unique address per asset.”
“In a move to double the basic adoption of decentralized finances (DEFI), the avalanche remains focused on accessing the incoming enthusiasts to be locked for each type of user,” the team said.
Read more: Avalanche Blockchain’s largest upgrade, ‘Avalanche9000,’ is Live
