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As Crypto Spending Surges, Credit Unions Face New Payments Question / Fresh Today / CUToday.info

As Crypto Spending Surges, Credit Unions Face New Payments Question / Fresh Today / CUToday.info

NEW YORK–Cryptocurrency’s path from investment asset to everyday money may run through one of the most familiar tools in consumers’ wallets: the payment card.

A July report from PYMNTS Intelligence and Paymentology found strong interest in spending cryptocurrencies and stablecoins, including 71% of stablecoin holders who said they would use a linked debit card to spend their digital assets. Such cards can convert digital assets at the point of sale and route transactions over existing card networks, allowing merchants to accept the payments without changing their checkout systems.

Consumers also appear willing to turn to financial providers they already know to gain access to digital currencies. According to PYMNTS…

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