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>>Visa's dominance emphasized as crypto card spending exceeds $600 million monthly.

Visa's dominance emphasized as crypto card spending exceeds $600 million monthly.

crypthub

about 18 hours ago

Rapid Growth of Crypto Card Spending

Paymentscan tracks 17 blockchains and shows crypto card spend exploding from near zero to $600 M monthly. Growth was flat until November 2023, then surged to $100‑150 M per month by mid‑2024 and $200‑300 M by early 2025. By late 2025 volumes regularly brushed $600 M, a level unseen two years ago. The trend remains upward with no sign of plateau.

Visa’s Dominance and Mastercard’s Decline

Visa rapidly captured the market, rising from 0 % to about 90 % of tracked volume within months of a major Visa‑based program launch. Mastercard’s share fell from near 100 % to under 5 % by early 2026. The shift aligns with issuers such as RedotPay, KAST, EtherFi and others favoring Visa infrastructure. Mastercard remains present but is now marginal.

Market Maturity and Future Outlook

The ecosystem now includes over 18 card products across wallets, yield‑focused and regional offerings, all verified on‑chain for transparency. Paymentscan’s data is cited by The Block and Polymarket, indicating growing institutional interest. At current rates, annualized spend could exceed $5 billion, crossing a multi‑billion threshold soon. Future dynamics may test Visa’s lead, but crypto cards are clearly scaling fast.