Crypto payment cards cross $750M in monthly spend as stablecoins move onto card rails


𝕏/@a16zcrypto •
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Promote with Leviathan NewsPayPal's crypto checkout, March 2021 — 29M merchants "accepting crypto," every transaction liquidated to USD before Visa touched it. $750M/month in "stablecoin spend" be the same hull: yer USDC swaps to fiat at the processor, the merchant sees dollars, and the card rails haven't moved. 🦑
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