The foundation behind Avalanche (AVAX) is partnering with payments giant Visa for a new crypto spending card product.
In a new announcement, the Avalanche Foundation introduces the Avalanche Card, a new card that allows users to pay with crypto at locations that accept Visa.
“Introducing the Avalanche card!
Spend your WAVAX, USDC, sAVAX and more anywhere Visa is accepted.
Enjoy physical and virtual cards, 24/7 dedicated support, and seamless transactions through popular apps.“
According to the company, the Visa card, which will be available in physical and digital formats, will support Wrapped AVAX (WAVAX), Circle’s USDC stablecoin pegged to USD, and BENQI Liquid Staked AVAX (sAVAX), among others.
The card will be linked to a unique user wallet address that each user maintains custody of, while providing Visa customer support and promising security through self-custody.
The card has already popped up in Latin America and the Caribbean, with expansion plans underway and a waiting list already underway.
Last month, the Visa head in charge of the payments giant’s crypto department said the company envisions a future in which it has multiple types of blockchain technology in its scope.
Cuy Sheffield referenced the early days of the internet and said crypto is going through its “broadband moment” in its history where it is finding its footing and progressing as a technology.
“Blockchains today share some parallels with the early internet – especially more than their fair share of skeptics, hecklers and critics. It’s hard not to hear echoes of past certainty when an analyst says something like, “blockchains are too slow!” Too hard to use! Too expensive!’ or “they have no use cases!”
Of course, blockchains are all of these things, and some use cases are more obvious than others. But the internet used to be slow, expensive and difficult to use. Today, it’s fast enough to stream live video from space, cheap enough to be free in many places, and simple enough for a six-year-old to use. .
At Visa, we have been at the forefront of payments technology for more than six decades. We saw the potential of the Internet from its early days and played a major role in helping it grow and support new forms of commerce. Today, we see significant potential for blockchain networks – and many possible futures.
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