65% of Crypto Card Spending On Everyday Expenses: Survey

Fully 65% of crypto card spending is on everyday expenses, according to a new survey of European card holders. Looking at a survey of 1,000 Simple Wallet cardholders found that 65% of transactions were for “routine expenses such as groceries, subscriptions like Netflix and Spotify, transport, utilities, online shopping, and cafes.” About 18% went to travel and cross-border spending, while just 13% went to more stereotypical purchases like topping up neobank accounts or buying luxury items. The average transaction size is about €40, in dollar-denominated USDC stablecoins, with payment settled in euros at the point of sale. “Crypto-linked payment cards have evolved from a niche product into a mainstream payment…