PANews April 28 news, according to The Block report, Silicon Valley fintech startup Aven has launched the Aven Bitcoin Visa card, offering a credit limit secured by Bitcoin, up to $1 million. This card offers fixed-rate, fixed-term loans for up to 10 years, with an annual interest rate of 7.99%, significantly better than the typical interest rates of over 10% and terms within 12 months in the Bitcoin lending market. The borrower's Bitcoin collateral is held by BitGo. This card is issued by Coastal Community Bank, a chartered bank in Washington State, with no annual fee or account opening fee, providing unlimited 2% cash back on purchases.

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