Crypto Cards On The Rise
Holders of cryptocurrency credit cards are rising at an exponential rate. According to various reports, traditional credit cards are gradually being phased out in favor of credit cards based around crypto rewards. Crypto.com&39s Visa and BlockFi&39s Visa are among the most prominent examples of this.
Admittedly, it&39s tough to fathom consumers deliberately choosing a currency other than the traditional U.S dollar. However, BTC, ETH, and LTC appear to be the most popular cryptocurrency reward coins today, which is understandable given that these are among the most valuable.
An increasing number of consumers also claim that they are willing to accept various kinds of crypto rewards in exchange for using their crypto credit cards as the digital currency space continues to grow. NFTs are additionally included in these rewards, as are P2E-based incentives.
Most of the best crypto rewards credit cards also offer digital cash back. The BlockFi Rewards Visa is hence the most popular crypto rewards credit card among Americans, with 40% of the target demographic currently using it. Could this be a sign of the seemingly inevitable shift to the Web3 era? Only time will tell.
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