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The fintech Aven has introduced its Aven Bitcoin Visa Card, offering access to credit lines of up to $1 million using Bitcoin as collateral. In the company’s announcement, Aven said the card brings a first for the sector by providing loans with fixed rates and terms of up to 10 years, at an APR of 7.99%, designed to reduce the interest-rate volatility commonly associated with similar products.
Aven’s card enables Bitcoin holders to obtain credit without liquidating their assets. The firm also said the structure can save users up to 50% in interest compared with unsecured debt.
For the rollout, Aven reported partnerships with BitGo for asset custody and Coastal Community Bank for card issuance.
Aven positioned the launch against existing BTC-backed lending options, which it said typically provide maximum terms of 12 months and interest rates above 10%. By contrast, the Aven Bitcoin Visa Card targets longer repayment horizons and fixed pricing, with terms reaching up to 10 years and an APR of 7.99%.
The card also includes 2% unlimited cashback and no annual fees. Aven said the offering is intended to support both institutional and retail adoption, as part of a broader “machine banking” approach.
According to the announcement, the company’s next step is to scale its “machine banking” model to optimize savings for users globally.
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