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The Avalanche Foundation Foundation, in cooperation with Rain, has just announced the launch of the avalanche card this Wednesday. This new card will allow users to spend their cryptocurrencies where visas are accepted with initial USDC, USDT, Avax and Wavax support.
Avalanche and Rain Foundation Foundation launches a visa card for crypt payments
Avalanche Foundation, the main player in the Blockchain ecosystem, introduced its new card on Wednesday in cooperation with Rain, a company issuing a visa network specializing in innovative payment solutions. The announcement was made in preparation for the Ethdenver event, where the card will be officially activated for the first user.
This new financial tool allows Kryptos holders to use its digital portfolio to buy in the real world, filling the abyss between decentralized financing (defi) and traditional payments.
When starting, the card supports several digital popular assets: USDC and USDT (two main stables), as well as Avax and Wavax (wrapped AVAX). In the near future, the Foundation has announced its intention to expand compatibility to other cryptos, which will extend the possibilities for users. The card, based on the robust rain infrastructure, transforms digital assets into payment tools usable daily.
John Wu, President Ava Labs, emphasized the importance of this innovation by saying: “ With an avalanche card, your cryptocurrency becomes a tool of financial independence. Since the general public is increasingly receiving digital assets, it is necessary to present actual cases of use that seem as known as the passage of credit card. »»
Strategic deployment and impact on the ecosystem
The official launch of the avalanche card will coincide with the Ethdenver, the strategic choice to attract the first users and the influencers of the crypto ecosystem. This main platform will serve as a springboard to promote this new payment tool with an informed and passionate audience.
Initial deployment focuses on several key regions for the adoption of cryptocurrencies, especially Southeast Asia, Africa and Latin America. These markets, characterized by high demand for innovative and available financial alternatives, represent a significant growth potential for avalanche. The card will be available in physical and digital versions, which offers users maximum flexibility.
The integration of this card into an avalanche ecosystem is part of a wider strategy aimed at strengthening the usefulness and acceptance of blockchain. The Avalanche Foundation offers a practical and well -known payment solution by one of the main challenges in the crypt industry: the transformation of digital assets into daily financial instruments. This initiative could also stimulate the interest in the Defi application and solving trading on the avalanche platform.
This new partnership between Avalanche and Rain Foundation is significant progress in the democratization of cryptos. Avalanche by taking crypto salaries as simple as the use of a traditional bank card takes an important step towards a massive acceptance of digital assets in everyday life.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.