Visa Emerges as Leading Crypto Card Issuer with $3.65 Billion Monthly Transaction Volume
BlockBeats News, November 26th, Analyst @obchakevich_ posted on X platform that as a cryptocurrency card issuer, Visa dominates with a monthly transaction volume of $365 million. The analysis selected 13 representative cryptocurrency cards and drew conclusions by calculating their on-chain transfer volume, card top-ups, payments, and card service in-app payment data. Among the 13 projects, Visa-related projects accounted for as many as 10, while Mastercard only had 3. The growth in Visa's transfer volume is driven primarily by three payment projects: Rain Card, RedotPay, and Etherfi Cash, with a total transaction volume of $320 million.
The analyst stated that most projects launching cryptocurrency cards choose Visa because its issuance is simpler, operating costs are lower, and compliance risks are lower. While Mastercard is reliable, it has stricter audits and higher fees, leading to fewer payment projects choosing it. It is worth noting that thanks to Rain, Visa has more cryptocurrency cards in the market.
You may also like
The most secretive AI winner
Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?
MiCA reshuffle begins, Binance temporarily bids farewell to the EU
How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?
Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited
Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down
Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog
WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.
