tl;dr
The Avalanche Foundation is collaborating with Visa to launch the Avalanche Card, allowing users to spend crypto at Visa-accepting locations. The card supports WAVAX, USDC, and sAVAX, among others, and offers physical and digital formats, self-custody security, and 24/7 support. It has been introduc...
The Avalanche Foundation has partnered with Visa to launch the Avalanche Card, allowing users to spend crypto at Visa-accepting locations. The card supports WAVAX, USDC, and sAVAX, offering physical and digital formats, self-custody security, and 24/7 support. The initial launch is in Latin America and the Caribbean, with expansion plans in line with Visa's vision for blockchain technology.
The Visa card will support Wrapped AVAX (WAVAX), Circle’s USD-pegged stablecoin USDC, and BENQI Liquid Staked AVAX (sAVAX ) among others. It will be linked to a unique user wallet address, offering custodial control to the user, and will provide Visa customer support and promising security through self-custody. The card has already been introduced in Latin America and the Caribbean, with plans for expansion underway and a waitlist already live.
Cuy Sheffield, the Visa executive in charge of the payments giant’s crypto department, expressed optimism about blockchain's future, drawing parallels between blockchains and the early internet. He sees blockchain technology going through its "broadband moment" and envisions significant potential for blockchain networks and various possible futures.
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