As per Jinse, analyst @obchakevich_ reported that Visa leads the crypto card issuance market with $365 million in monthly transaction volume. The analysis reviewed 13 representative crypto card projects, calculating on-chain transfer volumes, card deposits, payments, and internal card service payments. Visa-related projects accounted for 10 out of 13, while Mastercard had only three. The main drivers of Visa's transaction growth are Rain Card, RedotPay, and Etherfi Cash, which collectively contributed $320 million. The analyst noted that most crypto card projects prefer Visa due to simpler issuance, lower operational costs, and reduced compliance risks. Mastercard, though reliable, faces stricter reviews and higher fees, resulting in fewer projects choosing it. Notably, Visa holds more crypto cards in the market thanks to Rain.
Visa Dominates Crypto Card Issuance with $365M Monthly Transaction Volume
KuCoinFlashShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.