Gate News message, April 28 — Fintech startup Aven has launched the Aven Bitcoin Visa Card, offering a bitcoin-backed line of credit of up to $1 million at a fixed rate of 7.99% APR with loan terms up to 10 years. The firm claims this represents a first for bitcoin lending, as the industry typically offers shorter terms and higher rates.
According to Aven’s April 2026 analysis of leading bitcoin-backed loan providers, most bitcoin-backed loans carry APRs of 10% or higher with maximum terms of 12 months. Borrowers’ bitcoin collateral will be held by BitGo, a leading digital asset custody provider.
Aven, founded in 2019, operates a machine-banking platform focused on asset-backed credit cards. The company has saved users $300 million in interest payments by using existing assets as collateral rather than relying on traditional credit scores. The Aven Bitcoin Visa Card is issued by Washington state-chartered Coastal Community Bank and features no annual or origination fees, plus unlimited 2% cash back on purchases.
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