Crypto Card Spending Surges 500% to $600 Million Monthly, Visa Captures 90% Share
Crypto card spending has surged 500% to $600 million monthly, with Visa dominating 90% of the market.Summary
Monthly crypto card spending has skyrocketed by 500% since September 2024, reaching approximately $600 million. This trend indicates a significant shift as stablecoins move from mere wallet holdings to active everyday consumer spending. Visa has established a dominant market position, processing roughly 90% of these on-chain transactions through strategic partnerships with crypto-native infrastructure providers and programs like Visa Direct.
Newer competitors are also emerging, such as Jupiter, which offers a Solana-based Visa card with high cashback rewards paid in stablecoins. Industry figures like Justin Sun suggest that crypto cards represent the next evolution of digital asset distribution, providing seamless access to global finance. Analysts predict that Visa-issued stablecoin cards integrated with mobile wallets like Apple Pay could onboard the next 10 million crypto users.
(Source：BeInCrypto)