Crypto Card Spending Surges 500% to $600M Monthly Since September 2024, Visa Handles 90% of Volume

According to on-chain analytics firm Kobeissi Letter, crypto card spending has surged more than 500% to approximately $600 million in monthly transactions since September 2024. Stablecoin-linked payment cards are driving the growth, with Visa reportedly handling nearly 90% of transaction volume.

Incentive programs are accelerating adoption further. Jupiter Global’s crypto-linked cards offering 4-10% cashback rewards saw monthly spending volume jump by more than 660% in April alone, demonstrating how competitive rewards are attracting users already active in digital asset ecosystems.