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Crypto Credit Cards Growing In Popularity

Cape Town, South Africa, person with wallet and credit card. Photo by Alpha Media USA Portland OR
Cape Town, South Africa, person with wallet and credit card. Photo by Alpha Media USA Portland OR

More consumers are using cryptocurrency to buy things.

And the major credit card issuers want a piece of the action.

Visa says its crypto-linked cards were used to buy more than one-billion dollars of goods and services during the first half of 2021.

Visa’s CFO told CNBC consumers are looking to use the digital currency to buy items they’d normally buy through traditional methods.

The news from Visa comes as its chief rival Mastercard is teaming up with a cryptocurrency exchange to launch a new crypto credit card this summer.

 

Woman  with a wallet and credit card.

Photo by Alpha Media USA Portland OR


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