Aven

Aven, a Silicon Valley fintech, is launching a Bitcoin-backed credit card with interest rates ranging from 7.99% to 11.99%, offering credit lines up to $1 million over 10 years. The card requires overcollateralization with Bitcoin, and rates vary based on the collateral percentage pledged. Competitors like Ledn, Salt Lending, and Arch also offer similar crypto-backed loans with varying terms.

Aven has launched a Bitcoin-backed Visa card offering up to $1 million credit lines without requiring users to sell their assets. The card, secured by Bitcoin collateral, provides flexible repayment terms, low interest rates (starting at 7.99% APR), and 2% cashback, leveraging BitGo's custody and Coastal Community Bank's Visa license.

Aven's new Bitcoin Visa card offers a BTC-backed line of credit up to $1 million, with fixed-rate loans of up to 10 years at 7.99% APR and unlimited 2% cash back.