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Crypto Card Payments Near $760 Million in July

Crypto Card Payments Near $760 Million in July

  • a16z Crypto said digital-asset payment cards have grown from a niche product into a sizable market, with monthly payment volume reaching $759 million in July.
  • It said digital-asset card transactions totaled about 8.8 million in July, up about 69% from roughly 5.2 million a year earlier, while the average payment amount came to about $86.
  • As of July, Optimism processed about 29% of total digital-asset card payment volume, giving it the largest market share, followed by Solana, Base, and Gnosis.

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Photo: a16z Crypto X screenshot
Photo: a16z Crypto X screenshot

The market for cards tied to digital assets is growing steadily.

a16z Crypto, the digital-asset unit of venture capital firm Andreessen…

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