Avalanche Card: Innovation and Security in Every Transaction

What is the Avalanche Card

The Avalanche Card is a credit card that allows you to make purchases using funds in certain stablecoins (Avalanche's native USDC and USDT) and AVAX, as well as Wrapped AVAX (wAVAX).

With this tool, users can pay at any establishment that accepts Visa without having to make complicated conversions between cryptocurrencies and fiat currency. Importantly, unlike traditional banks, the card is not FDIC insured

AVALANCHE CARD REGISTRATION

Key Features

• Cryptocurrency Support: The card supports Avalanche's native USDC and USDT, as well as AVAX and Wrapped AVAX (wAVAX), allowing users to access their assets without having to convert them to fiat currency.

• Global Use: Being a Visa card, it is accepted in any merchant worldwide, facilitating transactions both at physical points of sale and on digital platforms.

• Regional Availability: Initially, the Avalanche Card is available to residents of Latin America and the Caribbean. Restrictions apply for residents or citizens of countries such as Cuba, Venezuela, Nicaragua, Russia, North Korea, Syria, Iran, and the regions of Crimea, Luhansk, and Donetsk.

• Physical and Digital Formats: The card is offered in digital and physical versions, providing greater convenience and adaptability to different types of transactions.

• Self-Custody Wallet: Upon registration, users obtain a self-custody wallet with a unique address for each asset. This mechanism works similarly to an EVM wallet, allowing direct control over funds without relying on third parties.

• Privacy and No Credit Reporting: Activities carried out with the Avalanche Card are not reported to credit agencies, which may be relevant for those who wish to maintain the privacy of their transactions.

Advantages and Considerations

The Avalanche Card facilitates the use of cryptocurrencies in everyday transactions without the need for complex conversions or additional steps, a great step towards overcoming the stage of the P2P or third-party market, exchanges such as Binance. In addition, it offers a financial alternative for those who face barriers in accessing traditional banking services.

Using cryptocurrencies other than USDC may require the conversion or sale of assets to conform to the four supported tokens. This transaction may trigger tax obligations, especially in jurisdictions where cryptocurrencies are regulated. It is recommended to consult with a tax professional before making significant transactions.

Registration and Availability

Interested parties can register through the official Avalanche Card website.

The Avalanche Card represents a solution to integrate cryptocurrencies into the daily payment system without relying on complex conversions or traditional banking infrastructure.

AVALANCHE CARD REGISTRATION