Bitcoin lending platform Lava launches Visa credit card Lava Card

Foresight News reports that Bitcoin lending platform Lava has launched the Visa credit card Lava Card. The card has no annual fee, no foreign exchange fees, no foreign transaction spreads, and no minimum spending requirements. All Lava Card users can receive 5% Bitcoin cashback on purchases at Amazon, Apple, and Netflix.

Lava Card is a secured credit card, allowing users to spend only the balance in their card account or use Bitcoin as collateral to borrow US dollars for spending.