The monthly transaction volume of encrypted cards has increased by 230% compared to last year, with a cumulative transaction volume of 7.8 billion dollars this month
According to Cointelegraph, the monthly payment volume of crypto-linked debit and credit cards has increased by about 230% compared to last year, with a cumulative transaction volume of $7.8 billion this month, reflecting the rapid adoption of crypto payment products.
Visa occupies about 90% of the crypto card transaction share by collaborating with on-chain native companies like Jupiter Global. OKX launched a stablecoin payment card based on the Mastercard network in Europe this January, with supermarket shopping being the largest consumption category, accounting for about 26%, followed by restaurant spending at 18% and online shopping at 13%. OKX stated that the payment truly materializes when cryptocurrency is used to pay for lunch.
In March this year, Visa announced plans to launch stablecoin-linked payment cards in over 100 countries in collaboration with Bridge, a subsidiary of Stripe, with the first batch supporting 18 countries, including Argentina, Colombia, and Mexico.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

European Commission Approves Purchase of Patriot Missiles for Ukraine Funded by €90 Billion Loan

Anthropic Abandons $6 Billion Acquisition of Decart AI

SBI Adds Japanese Government Bonds to JPYSC Reserve Assets

Ukraine's International Reserves Fall to $48.7 Billion

Privacy Sector Reaches $33.6 Billion, Annual Growth of 213%

Crypto Activity in France Reaches $9.4 Billion by 2025

Malaysia Plans to Use Huawei AI Chips to Advance RM2 Billion Sovereign AI Project

Ukrainian Companies' Tax Debt Reaches 263.32 Billion UAH

Bitcoin Experiences Largest Deleveraging Since 2023

XRP Spot ETF Sees Net Inflow of $18.96 Million Last Week

Changdian Technology Plans to Raise 6.5 Billion Yuan to Expand AI Packaging Capacity

$140.25 Million in Cryptocurrency Venture Investments in September, PolyMarket Accounts for 79%

Goldman Sachs: Optical Networks Drive AI Infrastructure TAM to $154 Billion

Oschadbank Puts Debt of ESU for Auction at 2.65 Billion UAH

Ukraine's Budget Situation at Its Worst Since 2022

Southeast Asian Blockchain Companies Raise $680 Million in Funding This Year, Rounds Decrease to 25

Importing Phones Requires IMEI Code Registration from September 4

Ukraine Proposes to Unblock €200 Billion of Russian Assets in the EU

Ukraine Plans 2027 State Budget with $32.6 Billion Deficit

Chinese Banks Increase Dollar Deposit Rates and Buy U.S. Treasuries

Kalshi's U.S. Website Traffic Grows by 1520%, Monthly Trading Volume Reaches $40 Billion

Pop Mart's Net Profit Up 10.1% in First Half, Aofei Entertainment's Net Profit Up 370.7%

Norwegian Sovereign Wealth Fund Plans to Cut US Treasury Holdings by $80 Billion

Assure DeFi Ceases Operations, Team Shifts Focus to AI Project Brainverse

Blackstone Limits Cliffwater Private Loan Fund Redemptions to 5%

Kyiv City Council Approves Capitalization of 'Kyivgorstroy' for 3 Billion UAH

Government Raised 343 Billion UAH from Government Bonds, Portfolio with Individuals 109.7 Billion UAH

European Commission Calls for Agreement on Funding Patriot Missiles for Ukraine

Apple Faces $2.7 Billion Class Action Lawsuit Over Unfair App Tracking Rules








