Avalanche Foundation and Rain Launch Crypto Payment Card

• Avalanche Card allows users to spend USDC, USDT, wAVAX, and AVAX anywhere in the globe without having to convert them.
• The Visa-backed card simplifies crypto payments for in-person and online shopping.

Avalanche Foundation and Rain launched the Avalanche Card, a digital and physical Visa-accepted payment card that allows users to spend cryptocurrency for payments wherever Visa can be accepted. This is an important step towards the mass adoption of digital assets. It removes the need for conversion and wallet-based transaction flows.

With the Avalanche Card, consumers can spend USDC, USDT, Wrapped AVAX (wAVAX), and AVAX in-store and online. It makes it easy to spend digital assets daily. At the same time, it takes advantage of the safety and stability of Visa’s payment network worldwide. Ava Labs President John Wu emphasized that the card makes cryptocurrency an accessible financial instrument. It allows customers to spend digital assets as easily as using a credit card.

Avalanche Card Extends Crypto Payments through Visa Integration

One of the main benefits of the Avalanche Card is that it can support cross-border transactions without currency conversion. This is a significant benefit where there is less banking infrastructure or under strain. With its new payment option, Avalanche plans to promote larger-scale adoption of decentralized finance (DeFi). It also aims to enhance entry to blockchain-enabled financial products.

The Avalanche Foundation will continue to finance the expansion and development of the Avalanche ecosystem that makes blockchain scalable, efficient, and interoperable. The low-fee and high-speed Avalanche network allows public and private Layer 1 blockchains to be optimized for enterprise and developer use cases. With the use of the Avalanche Consensus Mechanism, the platform gets high throughput and near-instant finality, making it a compelling platform for decentralized applications.

Rain, a strategic partner for this initiative, is a digital asset settlement and authorization infrastructure specialist. Bringing cryptocurrencies within accessibility through the blending of blockchain with mainstream financial frameworks, Rain bridges the gap towards making cryptocurrencies available for consumer and business use cases. The entry into partnership with Avalanche is a milestone in achieving this gap-closing objective of legacy and digital finance.

Avalanche Card is now available for sign-up, and interested customers can check their eligibility at avalanchecard.com. The step is part of a broader effort by Avalanche to encourage the wider use of blockchain-based payments. It also aims to create a simple financial experience for cryptocurrency owners worldwide.