- Artemis reports crypto card market at $18B by late 2025.
- Visa dominates with over 90% transaction volume.
- Stablecoin spending rivaling P2P transfers.
The crypto card market reflects a strong demand for stablecoin use in daily transactions, outpacing traditional peer-to-peer transfers and influenced by key players like Visa dominating transaction volumes.
Artemis has released a report indicating crypto card spending has expanded into an $18B market. This marks significant growth from approximately $100 million monthly in early 2023 based on on-chain data analysis.
Visa leads the market with over 90% transaction volume, established through partnerships with crypto infrastructure providers. Artemis positions itself as a digital finance data platform specializing in on-chain analytics.
The rise in crypto card transactions signifies a growing demand for stablecoin spending in real-world scenarios, challenging the traditional payment ecosystem. This trend highlights a shift in how digital assets are utilized by consumers and businesses.
The financial impact is evident as stablecoins like USDT and USDC are primarily used. The cards convert to fiat through Visa/Mastercard rails, rivaling peer-to-peer stablecoin transfers which stand at $19B annually.
“BREAKING: We just published the most comprehensive report on crypto cards in the industry. Not because it’s a niche. But because it quietly became an $18B market. In early 2023, crypto cards were doing ~$100M per month. Today, they’re doing >$1.5B.” — Artemis Research Team, Digital Finance Data Platform, Artemis
Similar growth patterns were observed in emerging markets such as India and Argentina, where crypto cards offer a connection to local payment systems like UPI. This adoption reflects global shifts towards integrating cryptocurrencies with daily financial activities.
Artemis suggests that crypto cards will remain dominant in retail due to their infrastructure capabilities and ease of use for merchants. Stablecoins are expected to be increasingly used in B2B and cross-border transactions, enhancing global commerce frameworks.
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