The crypto payment card market has reached a significant milestone, with monthly transaction volumes soaring to $1.5 billion, marking a 15-fold increase over two years, according to Artemis's latest research. This growth has propelled the market to an annualized volume of $18 billion. Visa dominates the sector, accounting for over 90% of on-chain card transactions, thanks to its early partnerships with infrastructure providers.
The industry is experiencing a structural shift towards "full-stack issuance," where companies like Rain and Reap bypass traditional banks by directly connecting to Visa. This model enhances economic efficiency and control. In India, crypto-collateralized credit is emerging as a key use case, while in Argentina, stablecoin debit cards offer a hedge against inflation. As stablecoins continue to grow, crypto cards are becoming essential infrastructure for integrating digital dollars into everyday transactions.
Crypto Payment Cards Hit $18 Billion in Monthly Volume, Visa Dominates
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