Crypto Card Payments Surge to Record $12.5 Billion
The total value of payments processed using crypto cards has reached a record $12.5 billion, marking a 140% increase year-to-date. This figure is also 247% higher than the levels recorded in October 2025, according to data from paymentscan.xyz shared by The Kobeissi Letter.
The surge in crypto card payments is driven by the growing adoption of stablecoins as a payment method and the demand for cheaper, faster cross-border transactions. The rise of QR-code payments has also contributed to this growth, with activated cards on Jupiter Spend, one of the largest on-chain card providers, increasing by 55% quarter-over-quarter.
Major players are entering the crypto card space. Fold Holdings (NASDAQ: FLD) has started issuing its Fold Bitcoin Credit Card to select waitlist members, offering a base reward rate of 1.5% back in bitcoin, which can rise to 4% through behavior-based boosts and partner offers. Cardholders who pay their bill in bitcoin earn an extra 0.5% back.
Aven has taken a different approach with its Aven Bitcoin Visa Card, allowing holders to borrow up to $1 million against their bitcoin without selling it. The card offers rates starting at 7.99% APR with repayment terms of up to 10 years. The collateral is held by BitGo, while Coastal Community Bank issues the card.