Demex Daily #358: Avalanche Unveils Crypto Visa Card for Global Spending

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The Avalanche Foundation, in partnership with Rain, has launched the Avalanche Card, a physical and digital credit card that allows users to spend crypto assets (USDC, USDT, wAVAX, and AVAX) anywhere Visa is accepted. The card simplifies crypto payments by eliminating the need for multiple platforms and conversions, making transactions seamless across borders. Targeting regions with limited banking infrastructure, it aims to drive mainstream DeFi adoption. The Avalanche Card has seen rapid sign-ups in Southeast Asia, Africa, and Latin America.

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Ripple Labs has unveiled a roadmap to expand institutional DeFi on the XRP Ledger, focusing on real-world assets (RWAs), a permissioned DEX, a credit-based lending protocol, and a new multi-purpose token (MPT). The initiative aims to position XRP Ledger as a secure, scalable blockchain for financial institutions. Despite XRP's price surge, user growth and total value locked (TVL) lag behind competitors like Ethereum. Ripple sees institutional DeFi as a major growth driver, with potential support from regulatory shifts under the Trump administration and possible XRP ETFs in the US.

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