Aven Introduces Bitcoin-Backed Credit Card with Fixed-Rate Loans and Cash Back Rewards
Aven has launched the Aven Bitcoin Visa Card, allowing users to borrow against their Bitcoin holdings with fixed-rate loans up to 10 years and offering 2% unlimited cash back. The card provides a credit line of up to $1 million without selling Bitcoin, potentially avoiding taxable events. This marks a first in Bitcoin lending with longer-term fixed-rate options.
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Topics: Bitcoin Credit Card Cryptocurrency Financial Product Lending