On Apple Context Machine, Bryan Chaffin and I briefly discussed credit and debit cards that are linked to cryptocurrency. It turns out, there are actually 54 such cards already, just in the Visa catalog.
These projects have gained traction — crypto-linked Visa debit cards facilitated over $1 billion worth of transactions across Visa’s 70 million merchants worldwide in the first half of 2021 alone. $1 billion is only a small fraction of the trillion-dollar payments industry, however retail interest in cryptocurrencies is picking up, suggesting the market has room to grow, especially with younger generations.
Check It Out: More Bitcoin-Linked Visa Cards Than We Thought