Crypto payment cards see 22x transaction growth since 2024
Cryptocurrency payment cards are experiencing explosive growth. In just over a year, since late 2024, the number of daily transactions has surged 22-fold, reaching 60,000 by mid-January 2026.
According to analytics from The Block, crypto-focused payment cards are rapidly gaining popularity. They allow users to instantly convert crypto assets into fiat currency at traditional points of sale, without the need to manually transfer funds to exchanges.
Monthly crypto card volumes. Source: Paymentscan
Transaction volume through these cards is now approaching $4 million per day and continues to rise. Etherfi currently dominates the market, accounting for roughly half of all transactions, though the competitive landscape includes multiple providers such as Gnosis, MetaMask, Solayer, and others.
Explosive growth backed by payment giants
Card issuers are still refining their economic models, with incentive structures and fee frameworks varying significantly across providers. Many cards are increasing their appeal by offering yields generated through DeFi lending protocols and other on-chain sources, allowing users to earn returns on their balances while maintaining spending flexibility.
At the same time, the dominance of Visa and Mastercard infrastructure in crypto card issuance highlights how traditional payment giants have entrenched themselves in the digital asset market. These major networks have found a foothold by building a bridge between decentralized finance and everyday commerce.
As we wrote, Visa crypto card spending jumps 525% as everyday usage expands
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