Crypto Cards Hit Record 2.48M Purchases Amid Ongoing Growth

Crypto Cards have posted their busiest week on record, with 2.48 million purchases across 149,127 active wallets and $203.8 million in spend. RedotPay accounted for a significant portion of these transactions, responsible for 1.47 million purchases.

Ether_fi added 35,641 new users, marking the largest single gain among crypto cards this week. Meanwhile, Plasma One saw its spend rise by 14 percent, despite a drop in money flow of 31 percent.

Avalanche Card led smaller issuers in all three metrics, with increases in purchases and spend. In contrast, BitgetWallet and SafePal saw their purchases fall by 17 percent and 20 percent respectively.

The record-breaking week can be attributed to Wirex returning to a $33.7 million week after a $47.6 million settlement. This development has contributed to the continued growth of crypto card adoption and blockchain payment volumes.