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.