Avalanche Visa Card Launches, Enabling Easy Real-World Crypto Payments – AVAX Up by 3%

Key Points

• Avalanche Visa Card just launched, allowing crypto usage, without relying on mainstream tools.
• Users have both physical and digital options to spend their AVAX.

Today, the Avalanche blockchain platform made an important announcement, supporting global crypto adoption. The platform launched its Avalanche Visa Card, designed for a world in which digital assets can be also spent, not only held.

Avalanche’s card provides a new connection way without relying on mainstream tools, as revealed by the platform in a recent X post.

The card comes in both physical and digital forms, allowing users to spend their crypto anywhere where Visa is accepted.

Avalanche Visa Card Makes Crypto Payments Simple

In its official announcement, Avalanche said that the card is powered by Rain Cards, and it makes crypto payments simple, eliminating the complexity of off-ramps or bank restrictions.

Rain Cards is a blockchain-based card issuing and stablecoin interoperability platform.

Avalanche’s latest launch supports the global crypto adoption in a world in which millions of people face barriers to financial access due to various factors:

• High banking fees
• Inflation
• Limited infrastructure

AVAX Card Allows Easy Crypto Use

The card allows the use of crypto as easily as fiat, but without complicated exchange conversions.

The new Avalanche Visa Card supports the following digital assets:

• USDC
• USDT
• AVAX
• Wrapped AVAX (wAVAX)

These digital assets are supported at launch with expansion plans in the future.

Empowering Financial Freedom With Crypto

In its official press release, Avalanche addressed the millions of people who are unbanked in LATAM and other underbanked regions globally for whom accessing traditional financial services can be a challenge.

The Avalanche Card lowers barriers, offering users an easier way to directly convert and use crypto. John Wu, President of Ava Labs, said that this new card will allow crypto to become a tool for empowerment, amidst mainstream crypto adoption.

The new Visa integration allows for the following crypto payments:

• Groceries
• Transportation
• Online shopping
• Utility bills

As revealed in the official announcement , the card bridges the gap between DeFi and real-world utility, unlocking new use cases for crypto holders.

AVAX Price Surges

Following the important announcement, AVAX price surged today, and it’s currently up by around 3% in the past 24 hours.

AVAX now has a market cap of $8.94 billion.