Crypto card monthly payments topped $100M last November

Monthly payment volume for crypto cards surpassed $100 million last November, according to an analysis by Unfolded. The firm noted that this figure was near zero at the start of 2023 and later peaked at over $125 million. By payment volume, Ether.fi's (ETHFI) Ether.fi Cash holds the largest market share, with more than 10 other providers, including Cypher and Gnosis Pay, also commanding significant shares. Unfolded explained that this suggests real-world usability in everyday spending is expanding rapidly, regardless of price cycles, and could signal an inflection point for the acceleration of mainstream crypto on-ramps.