Visa becomes the dominant issuer of encrypted cards with monthly transaction volume of $365 million.

According to Mars Finance, analyst @obchakevich_ published an article on the X platform stating that Visa, as a cryptocurrency card issuer, dominates the market with a monthly transaction volume of $365 million. His analysis selected 13 representative cryptocurrency cards, calculating their on-chain transaction volume, card deposits, payments, and in-card payment functions to reach a conclusion. Of the 13 projects, Visa had as many as 10, while Mastercard only had 3. The main drivers of Visa's transaction volume growth are Rain Card, RedotPay, and Etherfi Cash, whose combined transaction volume reached $320 million. The analyst stated that most projects launching cryptocurrency cards choose Visa because it is easier to issue, has lower operating costs, and carries less compliance risk. While Mastercard is reliable, its stricter verification and higher fees result in fewer payment projects choosing it. Notably, thanks to Rain, Visa has a larger presence in the cryptocurrency card market.