CEX.IO reported a 15% rise in new card orders across Europe, indicating a growing shift towards using cryptocurrencies for everyday purchases.
Crypto users conduct 40% of their transactions online, compared to 21% for traditional bank card holders, with the average crypto card purchase being €23.70.
Stablecoins account for 73% of spending on crypto cards, with other popular coins like Bitcoin, Ethereum, Litecoin, and Solana also common.
Barclays recently announced it would block crypto purchases via credit cards, citing concerns over volatility and lack of regulatory protection, despite the increasing adoption of crypto cards for daily expenses.