Goks, Avalanche Launches Crypto Visa Card, Here's The Advantage!

Visa Avalanche cards can be used for online and offline payments. (Photo; Doc. Avalanche)

JAKARTA - Blockchain platform Avalanche officially released a crypto-based Visa Card. This was announced by Avalanche through social media uploads X, October 22. Later, with this crypto Visa card, users can use their crypto assets directly without having to convert to fiat first.

This Visa card from Avalanche can be used for online and offline transactions. This card is available in both physical and virtual versions, and allows transactions without having to convert crypto into fiat currency.

Avalanche seeks to combine traditional finance and decentralization (DeFi) with this card. Users can use stablecoins like Circle's USDC, as well as WAVAX and SAVAX tokens for payments wherever Visa is received. Visa itself has been received in more than 200 countries with millions of traders worldwide.

The launch of this card is part of Avalanche's collaboration with financial technology company Rain Liquidity. According to information on Avalanche's official website, cardholders will get a self-custody wallet with a unique address for each asset. Users can fill in this wallet and use their assets to transact more easily.

To get this card, users must register and enter the waiting list on the official Avalanche Card website. Once received, they can start spending crypto assets for their daily needs.

Avalanche also reminded its users to consult with tax experts regarding transactions with digital assets. In some jurisdictions, such transactions can be considered as taxed events.