Live Launch of Avalanche Crypto Card Pushes for Widespread Crypto Usage

The Avalanche Foundation, a non-profit organization that supports the advancement of the Avalanche blockchain, has announced that its highly anticipated Avalanche Card, a Visa credit card enabling users to make purchases with their cryptocurrency, is now operational and ready for use.

In partnership with Rain, a blockchain-based card issuing platform, the card enables users to spend their Avalanche tokens (AVAX), wrapped AVAX, and stablecoins USDT and USDC at any Visa-accepting store, whether for in-person or online transactions, as stated in an email by the foundation.

Although other teams have also launched credit cards connected to a user's crypto holdings, this news indicates a growing convergence between conventional financial technologies and cryptocurrency.

The Avalanche Foundation announced in October its intention to introduce the card, focusing on enrolling users from Latin America and the Caribbean. In Tuesday's statement, the team revealed that sign-ups had significantly increased in that region, as well as in Southeast Asia and Africa.

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According to the credit card's website, the card will be linked to users' "new self-custody wallet and unique address per asset."

"To further promote mainstream adoption of decentralized finance (DeFi), Avalanche remains dedicated to providing accessible entry points to blockchain for all types of users," the team said.

Related: Avalanche Blockchain's Major Upgrade, 'Avalanche9000,' Is Now Live

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