Crypto cards are becoming an integral part of the global financial system, competing actively with traditional payment methods. WhiteBIT, the largest European cryptocurrency exchange by traffic, has embraced this trend with its WhiteBIT Nova card.
Crypto Cards Competing with Traditional Payment Methods
Global debit and credit cards continue to dominate financial markets, but crypto cards are emerging as strong competitors. They offer enhanced privacy, borderless transactions, and crypto-based reward schemes. The global crypto credit card market grew to $1.3B in 2024 and is projected to grow to $220.46B by 2033, with an annual growth rate of 8.6%.
WhiteBIT: A New Tool for Everyday Spending
WhiteBIT’s latest data reveals its crypto card users have similar spending patterns to conventional cardholders. Purchases include everyday essentials, entertainment, and luxury goods. The most popular crypto coins for spending include USDC, BTC, ETH, and WhiteBIT’s native asset, WBT. Popular spending venues include brands like Spotify, YouTube, and Booking. Cashback is a key reason for choosing crypto cards, with WhiteBIT Nova cardholders receiving up to 22.8% cashback on purchases.
WhiteBIT Bridges Crypto with Traditional Finance
The rise of cards like the WhiteBIT Nova highlights the crossover between crypto and traditional finance. WhiteBIT reached the 1M transaction milestone, showing its capabilities for seamless payment integration. WhiteBIT adds cards to its multiple services, encompassing retail to high-volume professional trading.
Crypto cards are gaining popularity, offering users new financial opportunities. WhiteBIT actively participates in this process by creating innovative solutions and integrating with the global financial market.
