Crypto card payments top $1.5B monthly but are not yet mainstream, says report

While monthly payment volume for cryptocurrency cards has surpassed $1.5 billion, the technology has not yet become a universal financial infrastructure, according to a report from Asian Web3 research and consulting firm Tiger Research. This volume annualizes to $18 billion. The report noted that a significant portion of current transactions is concentrated on RedotPay, with usage heavily skewed toward emerging markets with limited access to the U.S. dollar, such as Bangladesh, India, and Nigeria. In developed nations, the report argues, crypto cards have yet to achieve product-market fit as they are not integrated into daily financial activities like salary deposits or automatic bill payments. Looking ahead, Tiger Research predicted that market leadership will be secured not by entities that simply issue cards, but by those who can establish reliable fund inflow channels and build a financial ecosystem that functions as a user's primary account.