Monthly crypto card payments approach $760M

Monthly payment volume on crypto payment cards has climbed to more than $759 million, with RedotPay holding the largest share among major crypto cards as of July 31, according to a recent a16z crypto survey. The survey also found that since late last year, Ether.fi (ETHFI), KAST and Karta have steadily expanded their market share. a16z crypto said crypto card users can make offline payments by depositing stablecoins with an issuer or using self-custodied stablecoins without a bank account. The firm said such services are expanding global users’ access to U.S. dollars while improving spending convenience for stablecoin holders.