The Avalanche Foundation, the nonprofit organization behind the cryptocurrency and blockchain platform Avalanche, has unveiled a Visa cryptocurrency card. Announced on Oct. 21, the Avalanche Card allows users to spend cryptocurrency, including Circle’s USD Coin (USDC), Wrapped AVAX (wAVAX), and BENQI Liquid Staked AVAX (sAVAX). Available in physical and virtual forms, the card can be used wherever Visa is accepted. Linked to a self-custody wallet with a unique address per asset, user activity is not reported to credit bureaus. Offered by Rain Liquidity, the card is not insured by the Federal Deposit Insurance Corporation. Initially accessible to residents of Latin America and the Caribbean, the card excludes individuals from certain countries. The Avalanche Card has no spending fee, with a full list of fees available in the terms. This introduction follows the trend of crypto payment cards in the industry, such as Tangem’s Visa card for direct spending from a self-custodial wallet. Read more AI-generated news on: https://app.chaingpt.org/news