11:41 - 23.10.2024

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October 23, Fineko/abc.az. Avalanche Foundation, which is behind the Avalanche cryptocurrency platform, in collaboration with Rain Liquidity has developed a Visa online payment card. The companies are not banks and are not insured by the FDIC. Avalanche Card is issued by licensed partners.

ABC.AZ reports that the card allows you to spend 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 physical and virtual form. There is no charge for expenses, other fees are provided.

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

Among the first jurisdictions are the countries of Latin America and the Caribbean.

The company has opened a waiting list registration. KYC must be completed to ensure compliance with regulatory requirements.