Crypto Card Spending Soars 2.5-Fold to $759 Million in July

Spending on crypto payment cards reached $759 million in July, marking a significant increase of 2.5-fold from the same month last year.

Data compiled by PaymentsScan showed that RedotPay drove the overall growth in crypto card spending.

According to PaymentsScan's data, crypto cards are expanding into payments for real-world goods and services, but the market remains a niche compared to traditional credit and debit cards.