Crypto Card Products Expand as Jupiter Posts $833 Million in May

Crypto card products are expanding across payments and credit, as Jupiter recorded $833 million in May on-chain card payments and Fold and Aven offered different ways to use digital assets in everyday finance.

Jupiter’s May payment volume rose 180% from a year earlier, pushing cumulative on-chain card payments above $9 billion. QR-code payments contributed to activity on Jupiter Spend.

Crypto cards can connect digital-asset balances to existing payment networks. Some products convert assets into fiat currency before a transaction, while others use crypto as collateral for a credit line.

Fold’s Bitcoin Credit Card rewards regular spending with Bitcoin (BTC). The card offers a 1.5% base reward, with terms allowing rewards of up to 4% under qualifying conditions. It operates on Visa and uses Stripe Issuing.

Aven’s Bitcoin Visa Card follows a credit model. Customers can deposit Bitcoin as collateral for credit lines of up to $1 million rather than sell the asset. Repayment periods can extend to 10 years.

Aven lists annual percentage rates of 7.99%, 9.99% or 11.99%, depending on the loan-to-value tier, while its product page lists a starting APR of 8.99%, creating a discrepancy between the company’s published pages.

The expansion adds to broader growth in stablecoin card volume recorded in September, as crypto companies develop payment products for spending, rewards and asset-backed borrowing.