Opening
Onchain payment analytics platform Paymentscan, which indexes activity across 17 blockchains, has documented crypto card spending approaching $600 million monthly as of early 2026, with Visa controlling approximately 95–97% of market share. The volume surge began in November 2023 when Oobit enabled Bitcoin and cryptocurrency payments at any Visa or Mastercard terminal, triggering consistent monthly growth from near-zero volumes to current levels exceeding $400 million through late 2025 and into 2026. The market share shift occurred as major card programs migrated to or launched on Visa rails starting November 2023, reducing Mastercard's share from 100% during March–October 2023 to approximately 3–5% by 2025. Paymentscan tracks spending across platforms including MetaMask, EtherFi, Bitget Wallet, SafePal, RedotPay, KAST, and Holyheld, powered by issuers Rain, Wirex, Fiat24, and Immersve. The growth represents a market evolution from a niche category in 2023 to a channel processing hundreds of millions in monthly consumer spending, with monthly volumes in the $500M–$600M range implying an annualized run rate above $5 billion.
Volume Growth Timeline
Crypto card spending registered minimal activity before late 2023, with onchain volumes remaining flat through most of that year. November 2023 marked the inflection point when Oobit's payment capability launched. Monthly volumes reached $100M–$150M by mid-2024, climbed to $200M–$300M by early 2025, and exceeded $400M through late 2025 and into 2026. The most recent months tracked by Paymentscan approach $600M in spending.
Market Share Transformation
Mastercard held 100% of tracked crypto card volume from March through October 2023, reflecting partnerships established by the earliest wave of crypto card issuers. Visa entered the market around November 2023, capturing approximately 85–90% of total volume within months. By 2025 and into early 2026, Visa accounts for 95–97% of all tracked crypto card spending, while Mastercard holds 3–5%.
Platform and Issuer Adoption
Paymentscan tracks over 18 card products as of early 2026, including consumer crypto wallets MetaMask, Bitget Wallet, and SafePal; yield-focused cards like EtherFi; and regional offerings including Avalanche Card, Tuyo, and Karta. Platforms RedotPay, KAST, EtherFi, MetaMask, and Holyheld appear among those adopting Visa infrastructure. Issuers powering these programs include Rain, Wirex, Fiat24, and Immersve, which have oriented around Visa rails.
Market Maturity Indicators
Paymentscan's metrics are based on onchain flows attributable to specific card programs across 17 blockchains, providing transparent data distinct from traditional card reporting. The platform's data has been featured by analytics platforms including The Block and prediction market Polymarket. Monthly volumes in the $500M–$600M range as of early 2026 imply an annualized run rate exceeding $5 billion.
