New data from BitPay shows that American consumers are flocking to load the first Mastercard branded BitPay card with top digital assets. The popular cryptocurrency payment services provider debuted the new card in June 2020 and the company’s transactions reached a new high in July. The data also shows how crypto cards usage is changing, with more users choosing to load with a selection of top digital assets.
Not All Crypto Cards Are Created Equal
BitPay, the Atlanta-based cryptocurrency services provider, has recently released blockchain payment statistics that show how the market performed in 2020. Among other interesting points, the data signals strong support from U.S. consumers for the company that announced its first Mastercard branded card just a few months ago.
According to the statistics, the total number of crypto transactions processed through BitPay across all supported coin types reached a new high in July 2020 of almost 110,000 processed transactions. The figures also show a stable month over month growth trend in processed transactions since March.
The great popularity of BitPay services for making and accepting crypto payments enables us to learn about the widespread usage of top assets in the whole market. The BitPay statistics reveal that while bitcoin remains the most used crypto, it is steadily losing ground in terms of load dominance. This happens as users are switching over to a variety of top digital assets such as BCH, ETH, XRP and the stablecoin USDC, in order to load their cards.
Crypto cards make it easy to pay for daily purchases, safe for first-timers to use crypto, and expand the adoption of digital assets. But not all cards are created equal, and the Mastercard branded BitPay card has several advantages that make it far superior to all other options available in the market today.