""The industry norm for borrowing at fixed rates against bitcoin is a 1-year term. At Aven, we have 10X the industry standard, unlocking a wide variety of use cases previously not feasible," Aven's Sisun Lee said, speaking at The Bitcoin Conference."
""At Aven we believe that the hardest money ever created deserves the best financial products. With the Aven Bitcoin Card, we're just getting started," Lee said."
The Aven Bitcoin Visa Card offers a credit line up to $1 million secured by bitcoin collateral, targeting long-term holders. It features a revolving credit line and fixed-term loans with repayment periods of up to 10 years. Interest rates start at 7.99% APR, lower than typical rates in the market. Borrowers pledge bitcoin through BitGo's custody structure, with no annual fees and 2% cash back on purchases. Aven aims to bridge crypto holdings with traditional credit access, enhancing bitcoin's utility in household finances.
Read at Bitcoin Magazine
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