Payment volume processed on crypto cards has climbed to a record $12.5 billion, up 140% year-to-date, according to data from paymentscan.xyz, first shared by The Kobeissi Letter.
The figure is also 247% higher than levels recorded in October 2025.
The surge is being driven by growing use of stablecoins as a payment rail and a broader push for cheaper, faster cross-border transactions, The Kobeissi Letter said.
BREAKING: The total volume of payments processed on crypto cards has reached a record $12.5 billion, up +140% year-to-date. This also marks +247% growth compared to levels seen in October 2025. Continued adoption of stablecoins as a payment rail and the push toward cross-border… pic.twitter.com/8AMiahkD0F — The Kobeissi Letter (@KobeissiLetter) October 6, 2026
QR-code payments are another bright spot: demand for QR-based spending helped push activated cards on Jupiter Spend, one of the largest on-chain card providers, up 55% quarter-over-quarter.
“Crypto cards are the next phase of crypto adoption,” The Kobeissi Letter said.
The figures come as major players move into the space of crypto cards. Fold Holdings (NASDAQ: FLD) announced earlier this year that it had started issuing its Fold Bitcoin Credit Card to select waitlist members, with wider access rolling out in batches over the coming weeks and months.
The card runs on the Visa network, is powered by Stripe Issuing and is accepted at 175 million merchants. It offers a base rate of 1.5% back in bitcoin, rising to as much as 4% through behavior-based boosts and partner offers. Cardholders who pay their bill in bitcoin earn an extra 0.5% back.
Aven has taken a different approach. Its Aven Bitcoin Visa Card, unveiled at the Bitcoin Conference 2026 in Las Vegas, lets holders borrow up to $1 million against their bitcoin without selling it, with rates starting at 7.99% APR and repayment terms of up to 10 years.
Collateral is held by BitGo, while Coastal Community Bank issues the card.
