[Visa Leads the Cryptocurrency Card Market with $365 Million Monthly Transaction Volume]
Analyst @obchakevich_ stated on the X platform that Visa, as a cryptocurrency card issuer, dominates the market with a monthly transaction volume of $365 million. The analysis is based on data from 13 representative cryptocurrency cards, including on-chain transfer volumes, card deposits, payments, and internal payment functionalities. Among these, Visa-related projects account for 10, while Mastercard has only 3. Visa's transaction volume growth is primarily driven by three projects: Rain Card, RedotPay, and Etherfi Cash, which collectively contribute $320 million. The analysis points out that Visa is favored by more cryptocurrency card projects due to its ease of issuance, low operating costs, and minimal compliance risks, whereas Mastercard is less chosen due to stricter reviews and higher fees. The Rain project has further boosted Visa's market share in the cryptocurrency card sector.