Launch: Aven Introduces Bitcoin Visa Card with $1 Million Credit Line

Aven has unveiled a new Bitcoin Visa Card, offering a credit line backed by bitcoin collateral of up to $1 million. According to NS3.AI, the card provides fixed-rate, fixed-term loans with a duration of up to 10 years at an annual percentage rate (APR) of 7.99%. To secure the credit line, borrowers are required to deposit bitcoin collateral with BitGo.