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Crypto

Tangem launches 5,000 physical Visa crypto cards, shipping restricted in 20 countries

Tangem, a self-custody crypto wallet company, has launched its first Visa-based physical crypto card, but said demand and where cards can be issued do not always match. The initial run is limited to 5,000 cards. Tangem said more than 40 percent of Tangem Pay payments came from Latin America and more than 30 percent from the United States. It said it cannot ship the card to about 20 countries, including China, Russia and North Korea.

Crypto

Crypto card spending jumps 140 percent this year on stablecoin spread

Crypto card payment processing rose to a record $12.5 billion, up 140 percent from the start of the year, Bitcoin Magazine reported, citing paymentscan.xyz. The market sees stablecoins becoming payment infrastructure and rising demand for cheaper, faster cross-border transactions. Jupiter Spend’s active cards rose 55 percent from the prior quarter. Fold Holdings began issuing its Fold Bitcoin Credit Card to some waitlist users. Aven unveiled a bitcoin-collateral Visa card with loans up to $1 million.

Crypto

Stablecoin payment card volume tops $1 billion in August, hits records for volume, transactions and users

Stablecoin-based crypto payment cards hit monthly records in August for transaction value, number of payments and users. Payment volume reached $1.076 billion, marking a second straight month above $1 billion. Payments totalled about 10.67 million and active addresses rose to more than 283,000. RedotPay led by value and transactions. Growth was notable in emerging markets, while activity remained concentrated in a few programs and the overall market stayed small.