The Avalanche Foundation, the non -profit organization that helps manage the development of the avalanche block chain, said that its long -awaited Avalanche card, a visa credit card that allows users to buy items with their cryptocurrency, is in I live and ready to be used.
The card was developed in collaboration with Rain, a blockchain -based card issuance platform. It allows users to spend their Avalanche (AVAX), wrapped Avax and USDT and USDC at any store that Visa said, said the foundation in an email. It is good for transactions in person or online.
While other teams have also published credit cards linked to a user’s crypto holdings, the news indicates the additional integration between traditional financial technologies and cryptocurrency.
The Avalanche Foundation said in October that it planned to present the card, focusing on registering users in Latin America and the Caribbean. In Tuesday’s statement, the team said registration had accelerated in that region, as well as in Southeast Asia and Africa.
According to the card website, the credit card will be linked to the “new user autocustody wallet and the unique address per active.”
“In a movement to double the conventional adoption of decentralized finance (DEFI), Avalanche remains committed to promoting accessible incursions for blockchain for each type of user,” the team said.
Read more: the biggest update of Avalanche Blockchain, ‘Avalanche9000’, is live
