Visa Holds Over 90% of On-Chain Card Volume Despite Similar Crypto Program Count to Mastercard

Visa’s early infrastructure partnerships give it a dominant share of blockchain card transactions, even though both payment giants operate more than 130 crypto-linked programs.

Summary

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Terms & Concepts
  • On-chain card volume: The total value of cryptocurrency transactions settled directly on a blockchain network through payment cards.
  • Crypto-linked programs: Payment card initiatives that allow users to spend cryptocurrency or earn crypto rewards, often integrated with exchanges or wallets.
  • Infrastructure partnerships: Collaborations with blockchain and financial technology providers to build the systems enabling crypto-to-fiat transactions.