Cryptocurrency payment cards are expected to reach a transaction volume of $18 billion in 2025, approaching the scale of P2P stablecoin transfers.
According to a research report by blockchain analytics firm Artemis, the monthly transaction volume of cryptocurrency cards in on-chain stablecoins is expected to grow rapidly from approximately $100 million at the beginning of the year to over $1.5 billion, with the total payment scale for the year estimated to reach $18 billion, close to the $19 billion scale of traditional peer-to-peer (P2P) stablecoin transfers.
This rapid expansion of the market is primarily due to the close integration with existing global payment networks. Currently, Visa holds an absolute dominant position in this field, processing over 90% of cryptocurrency card transactions. Some specific cryptocurrency cards supported by the Visa network achieved an astonishing 525% growth in 2025.
Although Mastercard's market share is smaller, it is also achieving growth in market share by establishing partnerships with companies such as Revolut, Bybit, and Gemini. This model not only provides merchants with convenient payment solutions but also strongly supports the rapid development of the cryptocurrency card payment market.
Not limited to speculative trading markets, market data shows that small payments using cryptocurrency cards in stablecoin transactions (such as grocery purchases, dining expenses, etc.) account for 45%, indicating that cryptocurrency cards are penetrating daily consumption scenarios.
In emerging markets (such as India, Argentina, etc.), cryptocurrency cards provide the public with practical tools for payment, savings, and combating local currency inflation; while in developed countries, cryptocurrency cards offer high-net-worth holders an instant and convenient consumption channel.
Even at the national level, initiatives such as the Central Bank of Kazakhstan planning to issue official cryptocurrency payment cards make cryptocurrency cards a direct entry point to blockchain technology.
Looking ahead, the role of cryptocurrency payment cards will evolve from a mere "payment tool" to a broader "main entry point for cryptocurrency financial services." This trend signifies that cryptocurrency applications are moving from speculative trading to large-scale daily practical phases.
