
The Avalanche Foundation now reveals a massive collab with Visa as it embarks in a new partnership on a crypto card product.
The Avalanche Foundation has announced a partnership with payments giant Visa to launch a new crypto spending card called the Avalanche Card.
This innovative card allows users to make purchases using cryptocurrencies at any location that accepts Visa.
The Avalanche Card supports various cryptocurrencies, including Wrapped AVAX (WAVAX), USDC (Circle’s USD-pegged stablecoin), and BENQI Liquid Staked AVAX (sAVAX).
Users will have access to both physical and virtual card options, along with 24/7 dedicated support and seamless transactions through popular apps.
Each card is linked to a unique user wallet address, ensuring that users maintain custody of their assets while benefiting from Visa’s customer support and enhanced security through self-custody.
The card has already launched in Latin America and the Caribbean, with plans for further expansion and an active waitlist.
Cuy Sheffield, Visa’s executive overseeing the crypto department, recently shared insights into the company’s vision for the future of blockchain technology.
He likened the current state of crypto to the early days of the internet, describing it as a pivotal moment in its evolution.
Sheffield noted that just as the internet faced skepticism and challenges, blockchain technology is navigating similar hurdles today.
He remarked, “Blockchains today share some parallels with the early internet — particularly with critics questioning their speed, usability, and cost.
However, just as the internet evolved to support streaming live video and became accessible to everyone, we believe blockchain networks have tremendous potential.”
With over six decades of experience in payment technology, Visa is committed to helping blockchain technology scale and support new forms of commerce, recognizing the significant opportunities that lie ahead.
This is exciting news for Avalanche (AVAX) indeed.
But I’d love to hear what you think — leave your thoughts below.
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