Alex

I tried 20+ crypto cards and here is my tier list. The cards are ranked not only based on my own experience of using them, but also on brand recognition, number of active users, rewards, terms of use, and volumes. List: S: @ether_fi, @Revolut, @Bybit_Official, @ready_co, @gnosispay A: @avici, @KASTxyz, @MetaMask, @Ledger, @UpholdInc B: @Cypher_HQ_, @TrusteeGlobal, @KoloHub, @1inch, @cryptocom C: @RedotPay, @WhiteBit, @Nexo, @Bitpanda_global, @Gemini D: @NebeusWorld, @OnboardGlobal, @traderepublic Disclaimer: This post is not a call to action or an advertising campaign for crypto cards, and is published solely for research purposes.

Top 10 payment projects on Polygon by volume: 1. @tazapay - $4.6B 2. @aveniaio - $4.2B 3. @Paxos - $2.8B 4. @Nexo - $1.9B 5. @rio_latam - $1.8B 6. @Bitso - $1B 7. @CoinflowLabs - $955M 8. @BVNKFinance - $754M 9. @Revolut - $656M 10. @blindpay - $574M @0xPolygon has built a robust ecosystem of payment projects, and their number continues to grow. Since 2024, these payment projects have processed more than $23B in transaction volume.

Today, @FlexSuperApp, raised $70M Series B1 to launch The Full Financial Home for Business Owners. Making Flex officially a unicorn. Led by @RyanQualtrics and @ryanjsweeney’s @halo_fund, with participation from existing investors. And we're introducing Flex Global.

@zaidrmn @FlexSuperApp @RyanQualtrics @ryanjsweeney @halo_fund Congrats team!

@strato_money Yes, but there are 8 crypto cards here, and 1 card that isn't related to crypto or stablecoins and has a completely different focus and business model

@obchakevich_ Yes, but I'd call them a business neobank

Flex just announced $70 mil raise at 1.2 billion valuation Just added them to the list Top 9 crypto cards / Neobanks by revenue + their valuation

@GabrielGruber I know, its strong, really

@obchakevich_ Tks! It's a long journey

ATH Exa Card spending 💳📈

@artemis @AsadIshmael @Bitwise @jonbma @anthonyyim ❤️🤙🏼

@obchakevich_ @AsadIshmael @Bitwise @jonbma @anthonyyim Alex is the goat and we love working with you!

Higher @Bitwise 🤝 @artemis

@jeazous very sexy card

Kraken Card launch = bullish for crypto adoption, brutal for new card startups. Hard to compete when the incumbent has deeper liquidity, better rewards, and actual trust. The bar just went way up.

liquidity is the foundation - no argument there. without deep local on- and off-ramp pools, entry and exit will always stall, and users end up paying the spread on every conversion. but "usdc and usdt forever" is too simple a reading. liquidity isn't monolithic, it's fragmented across networks and jurisdictions. a dominant pair doesn't solve the local market problem, it just masks it while the dollar stays accessible. the answer isn't a winner among stablecoins, but infrastructure that stitches isolated pools into shared depth.

If we don’t solve the liquidity gaps in local markets, on and off ramps will always be delayed, or difficult to execute, just as they are today. Liquidity itself will be priced in dollars and converted at the time of exchange. USDC/T is here to stay because they are the most liquid, and other challengers will wither away.

most businesses accept inefficient financial processes as the norm. spending hours reconciling checks and manually processing invoices is commonplace. but there’s a better way. stablecoins enable fast, low cost, and global payments. they provide an excellent foundation to build upon. ai transforms them into automated solutions that require minimal user interaction. take, for example, a photo of a receipt sent via email and automatically matched to a transaction. this convenience saves time and reduces errors. to create something like this, develop a keen eye for real world problems. don’t just follow trends; look for what truly hurts businesses. test quickly, track results, and learn. accelerate the feedback loop. quickly implement ideas, analyze them, and improve. then you’ll be able to give companies around the world tools that were previously available only to a select few.

There is an enormous opportunity to solve basic financial operations for businesses globally and give companies everywhere access to capabilities that any seed stage US startup takes for granted. Matching receipts to card transactions and uploading invoices for bill pay are obvious examples. Stablecoin service providers offer amazing primitives to build on. Use your product and some AI magic to transform them into delightful workflows that solve real operational pain.

@sui414 nice color choice 🥹

I love living in Dogpatch

@borjaneira_ good read!

@compliantvc lol, no

@compliantvc Okay 🤣

@obchakevich_ Mine are in metric. You wouldn't understand.

The American mind cannot comprehend the speed of European trains

@tomwanhh @Morpho @Uniswap @meridiandotxyz @maplefinance @ethena @arcus_xyz @Lighter_xyz good data Tom!

$300M Protocol TVL within 2 weeks of launch. High quality chain attracts high quality protocols and assets.

@0xVishnya It's actually one of the best cards on the market; many people underestimate it.

Kraken just launched its own crypto card 👇 15 years in the game, $2 trillion in volume last year, and now a card at the checkout. - Free World Elite Mastercard, virtual and physical - Up to 2% cashback in BTC or cash, uncapped - Full 2% for everyone in the first 30 days - 0% FX, 600+ currencies and assets to spend from - Top up in fiat: SEPA, SWIFT, PayPal, Apple or Google Pay, even a credit card - Live in the UK and across the EEA Their play: Kraken Card for the crypto crowd, @krak for everyday folks, one @krakenfx account behind both. Crypto cards just crossed $900M a month, and over half of all card spending ever happened in the last 8 months. Names this big don't step in on a hunch. They move when the numbers are real.