Payment volume processed on crypto cards has climbed to a record $12.5 billion, according to data from paymentscan.xyz that was first shared by The Kobeissi Letter.
The total is up 140% year to date and 247% above the level seen in October 2025. The Kobeissi Letter said the jump has been driven by continued adoption of stablecoins as a payment rail and a wider push for cheaper, faster cross-border transactions.
QR payments add to the growth
QR-code spending is also picking up. The Kobeissi Letter said demand for QR-based payments helped push activated cards on Jupiter Spend up 55% quarter over quarter. Jupiter Spend was described as one of the largest on-chain card providers.
The Kobeissi Letter said crypto cards represent the next phase of crypto adoption.
Fold expands its bitcoin credit card rollout
The data comes as larger companies step up their presence in crypto cards. Fold Holdings (NASDAQ: FLD) said earlier this year that it had started issuing its Fold Bitcoin Credit Card to select members of its waitlist, with broader access set to roll out in batches over the coming weeks and months.
The card runs on the Visa network, uses Stripe Issuing, and is accepted at 175 million merchants. It offers a base rewards rate of 1.5% back in bitcoin, with rewards rising as high as 4% through behavior-based boosts and partner offers. Cardholders who pay their bill in bitcoin receive an extra 0.5% back.
Aven offers borrowing against bitcoin holdings
Aven has taken a different route. At Bitcoin Conference 2026 in Las Vegas, the company unveiled the Aven Bitcoin Visa Card, which allows holders to borrow up to $1 million against their bitcoin without selling it.
Rates start at 7.99% APR, and repayment terms extend up to 10 years. BitGo holds the collateral, while Coastal Community Bank issues the card.
The article first appeared on Bitcoin Magazine and was written by Mathew Di Salvo.