More people are using crypto cards than ever before to make payments
Payment volume processed on crypto cards has climbed to a record $12.5 billion, up 140% year-to-date, according to data from paymentscan.xyz, first shared by The Kobeissi Letter
The figure is also 247% higher than levels recorded in October 2025
The surge is being driven by growing use of stablecoins as a payment rail and a broader push for cheaper, faster cross-border transactions, The Kobeissi Letter said
BREAKING: The total volume of payments processed on crypto cards has reached a record $12.5 billion, up +140% year-to-date.This also marks +247% growth compared to levels seen in October 2025.Continued adoption of stablecoins as a payment rail and the push toward cross-border… pic.twitter.com/8AMiahkD0F
QR-code payments are another bright spot: demand for QR-based spending helped push activated cards on Jupiter Spend, one of the largest on-chain card providers, up 55% quarter-over-quarter
“Crypto cards are the next phase of crypto adoption,” The Kobeissi Letter said
The figures come as major players move into the space of crypto cards. Fold Holdings (NASDAQ: FLD) announced earlier this year that it had started issuing its Fold Bitcoin Credit Card to select waitlist members, with wider access rolling out in batches over the coming weeks and months
The card runs on the Visa network, is powered by Stripe Issuing and is accepted at 175 million merchants. It offers a base rate of 1.5% back in bitcoin, rising to as much as 4% through behavior-based boosts and partner offers. Cardholders who pay their bill in bitcoin earn an extra 0.5% back
Collateral is held by BitGo, while Coastal Community Bank issues the card
