Crypto card payments hit record $12.5B, up 247% from a year earlier

Cryptocurrency card payment volume reached a record $12.5 billion, up 140% from the start of the year and 247% from October last year, Bitcoin Magazine reported, citing PaymentScan data. The increase was attributed to broader use of stablecoins as a payment method and rising demand for faster, cheaper cross-border payments. The Kobeissi Letter described crypto cards as the next stage of mainstream crypto adoption.