Avalanche Unveils Visa Payment Card

The Avalanche Foundation, the entity behind the Avalanche cryptocurrency platform, has collaborated with Rain Liquidity to develop an on-chain Visa payment card.

Introducing the Avalanche Card! ?

Spend your WAVAX, USDC, sAVAX, and more wherever Visa is accepted.

Enjoy both physical and virtual cards, 24/7 dedicated support, and seamless transactions through popular apps.

The future starts now! Join the waitlist and check out the full… pic.twitter.com/NUmW93sX5P

— Avalanche Foundation ? (@AvalancheFDN) October 21, 2024

The companies are not banks and are not insured by the FDIC. The Avalanche Card is issued by licensed partners.

The card allows spending of USDC, Wrapped AVAX (wAVAX), BENQI Liquid Staked AVAX (sAVAX), and other tokens from non-custodial wallets “wherever Visa is accepted.”

The product is available in both physical and virtual forms. There are no spending fees, though other charges apply.

The card supports instant conversion of cryptocurrencies to fiat, as well as cashback and potential rewards.

Initial jurisdictions include countries in Latin America and the Caribbean.

The company has opened registration for the waitlist. Compliance with regulatory requirements necessitates KYC verification.

In July, Tezos announced the release of payment cards in partnership with Baanx and Mastercard. The latter issued a product for 1inch and announced its release under the MetaMask and Revolut brands.

Earlier, ForkLog published an article dedicated to payment cards for digital asset transactions: