Earlier this year at EthDenver, Avalanche announced their new credit card, Avalanche Card. The card, issued via Rain, allows holders to spend their Avalanche-native USDC, USDT, AVAX, and Wrapped AVAX anywhere that accepts Visa cards. 

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This credit card allows you to make purchases against the value of your crypto assets. It doesn’t require a bank, allowing anyone who holds the appropriate assets to participate. It is particularly valuable for communities or regions that don’t have access to US dollar-denominated bank accounts.

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Portal powers the self-custody wallet all users receive when they are issued the card. Portal’s MPC technology offers the security required for storing digital assets while removing any frustration or friction caused by traditional security measures such as seed phrases. Card holders use onramps to fund the card, and then the wallet controls the flow of funds to the smart contract used by Rain to set the balance of the card. 

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Initially, Avalanche Card will only be available for people in Latin America and the Caribbean, although the card can be used globally. Sign up for the waitlist today.