July crypto card spending jumps 2.5x from a year earlier

Cryptocurrency payment card spending reached $759 million in July, up 2.5 times from about $306 million a year earlier, according to Unfolded. The tally, based on on-chain data and card issuer data from PaymentsScan, showed RedotPay led the overall growth trend. The data suggests cryptocurrencies are spreading quickly as a means of payment for real-world goods and services. Even so, the crypto card market remains a niche segment compared with the traditional credit and debit card market.