Global Crypto Card Payments Surpass $705.5 Million, Set Record for Fifth Straight Month
Summary
- Global crypto card payment volume rose 12.2% from a month earlier to $705.5 million in July, marking a fifth straight month of growth.
- RedotPay accounted for more than half the market with $382 million, followed by Ether.fi, Kast and Karta.
- Use of cryptocurrencies in everyday payments is rising despite rangebound prices, signaling that on-chain liquidity is connecting with the real economy.
Forecast Trend Report by Period
Global cryptocurrency card payments rose to a record high even as the broader digital-asset market remained rangebound.
Data from Paymentscan showed global crypto card payment volume reached $705.5 million in July, up 12.2% from the previous month. The increase extended the growth streak to five consecutive months.
By card program, RedotPay led the market with $382 million in payment volume, accounting for more than half of the total. Ether.fi followed with $91.09 million, while Kast recorded $88.21 million and Karta posted $51.25 million. Tria ($14.05 million), Colo ($13.38 million) and Plasma One ($12.56 million) also ranked among the top programs by payment volume.
Use of cryptocurrencies for real-world payments has continued to increase even as overall market trading volume remains stagnant. Coin Bureau said crypto use in everyday payments is still growing despite prices staying trapped in a range, calling it a sign that on-chain liquidity is increasingly connecting with the real economy.
Doohyun Hwang
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