Search results for Wirex
Finance
Who makes money when paying with a stablecoin card? The hidden revenue structure
Stablecoin cards let users pay in digital dollars while merchants receive local currency through existing payment rails. Companies involved earn mainly from payment fees, with additional revenue possible from FX conversion, settlement funding and subscriptions, though traditional operating costs remain. Interchange fees are a key source, but costs for processing, fraud prevention and compliance reduce returns. Cashback, fee caps and FX spreads can also erode profitability.
Crypto
Cardano Card service to end at end of October, alternative undecided
The Visa-based multichain cryptocurrency payment card \"Cardano Card\" in the Cardano (ADA) ecosystem will end service on Oct. 31. The operator said the card can be used normally until the end date and urged users to prepare. The shutdown follows program partner Wirex ending its custodial infrastructure and moving to a non-custodial model, which will end the partnership. Details on a replacement service will be announced later, but no alternative has been confirmed.
Crypto
Stablecoin-linked card spending hits record $1.17 billion in September
Monthly payments made through stablecoin-linked cards rose to a record $1.17 billion in September, or about 1.6 trillion won. The total surpassed August even before September ended. Transaction volume fell to 11 million from 11.07 million in August, and active addresses also declined. Base accounted for the largest share of tracked on-chain spending. RedotPay led card programs by payment volume, while growth rates varied across issuers.
