Aven Launches Bitcoin Visa Card Offering Up to $1M BTC-Backed Credit Lines

Aven has launched its Bitcoin Visa Card, enabling holders to access up to $1 million in credit secured by BTC collateral without selling assets, at fixed 7.99% APR terms up to 10 years. Coverage began April 27 with announcements of the card's features including unlimited 2% cash back, no fees, BitGo custody, and Coastal Community Bank issuance, plus a 5-year interest-only option and $300M in prior customer interest savings. The April 28 confirmation highlighted up to 50% savings versus unsecured debt, positioning the product to reduce BTC sell pressure, boost demand, and integrate crypto into mainstream finance for potential price support.