Hassan Maishera
The Avalanche Foundation announced earlier this week that it had partnered with Rain to launch the Avalanche Card, a physical and digital credit card that lets users make purchases against the value of their crypto assets anywhere Visa is accepted.
In a press release shared with Cryptowisser, the team said the Avalanche Card enables users to spend USDC, USDT, Wrapped AVAX (wAVAX), and AVAX online or in-store. The Avalanche Card opens secure, alternative payment options to the global economy through the trusted Visa network, removing the need to navigate multiple platforms, wallets, and conversions to access and spend digital assets.
While commenting on the launch, John Wu, President of Ava Labs said,
“With the Avalanche Card, your cryptocurrency is a tool for empowerment. As digital assets garner mainstream adoption, leading with uses that are as familiar as swiping a credit card.”
The Avalanche Card makes real-world transactions seamless across borders for conversionless spending, providing a secure alternative in regions with strained banking infrastructure.
The Avalanche Foundation is a non-profit entity that fosters the advancement and growth of the Avalanche platform globally. The Foundation offers development programs for developers, entrepreneurs, and users to help turbocharge the advancement of the Avalanche ecosystem.
Meanwhile, Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale. The network’s architecture allows for the creation of sovereign, efficient and fully interoperable public and private layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching a L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future.
Finally, Rain develops and operates cutting edge digital asset authorization and settlement infrastructure in concert with their innovative digital payment card solutions. By integrating blockchain technology with traditional financial systems to drive adoption and utility for digital assets in enterprise and consumer use cases.
