# Cards Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Cards", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Why Crypto Cards That Bypass KYC Are Doomed to Fail?

In the crypto world, "KYC-free crypto cards" are often marketed as tools for financial privacy and accessibility, but they are structurally doomed to fail. These cards rely on Visa or Mastercard networks, which are tightly regulated and require user identification. Most "KYC-free" products exploit a corporate card loophole: a company undergoes KYC (Know Your Business), then issues cards to "employees" (users) without individual verification. This setup is inherently fragile and violates network rules. Such projects follow a predictable lifecycle: initial success, growing visibility, compliance scrutiny, and eventual shutdown within 6–12 months. When terminated, users risk frozen funds with no legal recourse, as they are not direct bank customers. Legitimate alternatives like low-limit prepaid cards or gift cards exist but have strict constraints. The only sustainable path for non-KYC payments is to bypass Visa/Mastercard entirely by building crypto-native networks that integrate directly with acquirers, though this is technically challenging. Ultimately, any card bearing Visa/Mastercard logos and promising high limits without KYC is either misrepresenting its structure or destined for failure.

marsbit02/10 10:50

Why Crypto Cards That Bypass KYC Are Doomed to Fail?

marsbit02/10 10:50

THIS is the stablecoin power angle that nobody is talking about

Dollar-backed stablecoins are increasingly serving as a tool for the U.S. to extend its monetary influence abroad without physically moving dollars overseas, according to a Rabobank report. When foreign entities demand dollar stablecoins, U.S. issuers convert this demand into Treasury bill purchases, helping fund U.S. deficits at lower rates while digital tokens circulate internationally. This mechanism allows dollars to remain within the U.S. financial system while still facilitating global trade. Non-USD stablecoins are also gaining traction, with their supply surging 260% over the past year to a combined market cap of $1.55 billion, though they remain small compared to dollar-pegged alternatives. A key application driving adoption is crypto-backed payment cards, which have grown into an $18 billion market. Monthly transaction volumes have increased from $100 million in early 2023 to over $1.5 billion, growing at an annual rate exceeding 100%. These cards operate on top of traditional networks like Visa and Mastercard, using stablecoins to settle transactions in the background while maintaining a familiar user experience. In summary, dollar-backed stablecoins are expanding U.S. monetary power digitally without exporting physical dollars, while crypto payment infrastructure accelerates their real-world use.

ambcrypto02/02 03:02

THIS is the stablecoin power angle that nobody is talking about

ambcrypto02/02 03:02

A 10,000-Word Exploration of Stablecoin Payments: How Crypto Cards Connect Digital Assets with Global Commerce

"Stablecoin-Powered Crypto Cards: Connecting Digital Assets to Global Commerce" The crypto card market, enabling users to spend stablecoins and cryptocurrencies at traditional merchants, is one of the fastest-growing segments in digital payments. Transaction volume has surged from ~$100 million monthly in early 2023 to over $1.5 billion by late 2025, with a 106% CAGR, rivaling P2P stablecoin transfers. The infrastructure stack consists of three layers: payment networks (Visa dominates with ~90% of on-chain volume), card program managers/issuers, and consumer-facing products. A key development is the rise of full-stack issuers like Rain and Reap, which bypass traditional banks to capture more value per transaction. Geographically, the opportunity is concentrated where stablecoins solve real problems: India (massive crypto inflows but a large banking gap) and Argentina (high USDC adoption for inflation hedging). In developed markets, the focus is on serving differentiated, high-value user groups. Key drivers include: - **Exchanges & DeFi Protocols:** Using cards as a user acquisition tool, subsidizing rewards to drive platform engagement and profitable balances. - **Wallets:** Boosting Average Revenue Per User (ARPU) through transaction fees and creating ecosystem lock-in via native stablecoins (e.g., MetaMask's mUSD, Phantom's CASH). - **Emerging Market FinTechs:** Providing "last-mile" access to digital dollars for users facing hyperinflation and poor banking infrastructure. The future lies not at the point-of-sale but in back-end settlement. Crypto cards represent a fusion:银行卡 provide universal acceptance; stablecoins provide cross-border value storage. While direct merchant acceptance of stablecoins faces significant adoption hurdles due to entrenched card network effects, crypto cards serve as the crucial bridge, making them foundational infrastructure for the next phase of stablecoin adoption.

marsbit01/20 07:35

A 10,000-Word Exploration of Stablecoin Payments: How Crypto Cards Connect Digital Assets with Global Commerce

marsbit01/20 07:35

Crypto card payments overtake P2P stablecoin transfers: Artemis report

According to a blockchain analytics report by Artemis, crypto card payments have surpassed peer-to-peer (P2P) stablecoin transfers as the primary driver of on-chain stablecoin activity. The data shows that crypto card payments now operate at a monthly run rate exceeding $15 billion, compared to approximately $11 billion for P2P transfers. This shift indicates that stablecoins are increasingly being used through traditional card networks rather than through direct on-chain transactions. Visa dominates this segment, accounting for over 80% of the tracked volume, while Mastercard holds a smaller but growing share. The growth is attributed to expanding merchant acceptance and integration with existing payment infrastructure, allowing users to spend stablecoins without requiring merchants to directly accept crypto. Although P2P transfers remain important for remittances and cross-border settlements, their growth has been slower. The report highlights a structural evolution in stablecoin usage—from infrastructure-led to interface-led adoption—where cards act as the primary user-facing access point, embedding crypto liquidity into global commerce and driving mainstream adoption.

ambcrypto01/15 23:57

Crypto card payments overtake P2P stablecoin transfers: Artemis report

ambcrypto01/15 23:57

Frequent Pokémon Card Heists: Is On-Chain Storage for Physical Collectibles a Risky Solution?

Rising global thefts and frauds targeting high-value Pokémon cards, such as armed robberies in Los Angeles and Hong Kong, highlight systemic risks in the physical collectibles market. As these items become increasingly financialized, traditional transaction methods—relying on in-person meetings, private trust, and community trades—are exposing participants to heightened personal and fraud risks. The market’s infrastructure has failed to keep pace with the liquidity and cross-regional nature of these assets. While local card shops are enhancing security measures, such as improved surveillance and formalized transaction processes, these efforts remain limited to specific locations and cannot scale globally. In response, some projects are exploring blockchain-based solutions to introduce verifiable ownership, custody, and transfer mechanisms. For instance, platforms like Renaiss on BNB Chain are developing specialized smart contracts that link physical cards to on-chain NFTs through certified custodians, binding asset status and location to enable secure, borderless trading. However, merely tokenizing cards without robust, transparent custody and verification does not address real-world risks. The evolution toward on-chain systems aims to provide a foundational layer of trust—enabling validation, reducing physical delivery risks, and clarifying accountability. Not every collector may adopt full blockchain integration, but the market grows increasingly dependent on such infrastructure to ensure safety, authentication, and liquidity as collectibles transition into high-stakes digital assets.

marsbit01/13 09:31

Frequent Pokémon Card Heists: Is On-Chain Storage for Physical Collectibles a Risky Solution?

marsbit01/13 09:31

Crypto Payments Hit A Turning Point With Visa Card Use Up Over 500%

Visa-backed cryptocurrency cards experienced a dramatic surge in consumer spending in 2025, with a 525% increase in net spend—growing from $14.6 million in January to $91.3 million by December. Leading this growth were cards from EtherFi and Cypher, which dominated the majority of transactions. The steady, month-over-month rise indicates growing user adoption, with cardholders increasingly using crypto balances directly for everyday purchases instead of converting to fiat. Visa has expanded its support for stablecoins and tokenized payments, aligning with this trend. While still not mainstream due to regulatory and acceptance barriers, crypto payments are transitioning from niche experiments to real-world use.

bitcoinist01/05 15:03

Crypto Payments Hit A Turning Point With Visa Card Use Up Over 500%

bitcoinist01/05 15:03

Interactive Tutorial | Total Prize Pool of $1 Million, Jupiter Launches Trading Card Collection Event

Jupiter, a leading Solana-based DEX aggregator, has launched a new trading card collection event with a total prize pool of $1 million USDC. The event runs from December 11, 2025, to February 1, 2026. Users can earn cards by trading specific token pairs—including JUP, JUP/SOL, JUP/jupSOL, and others—using Jupiter’s Ultra Mode (market order) or Limit Order V2. Only trades of $10,000 or more in volume qualify for card rewards. Each card has different rarity levels and corresponding rewards: Common (87.399% chance, 1 USDC), Advanced (10%, 5 USDC), Rare (2.5%, 25 USDC), Mythic (0.1%, 100 USDC), and Legendary (0.001%, 10,000 USDC). Participants are advised to use the Jupiter wallet (browser extension or mobile app) and trade via jup.ag. Estimated cost per card is around $3–5. Users can also earn extra cards through referral links. Note that card opening must be done on the desktop version.

Odaily星球日报12/15 07:37

Interactive Tutorial | Total Prize Pool of $1 Million, Jupiter Launches Trading Card Collection Event

Odaily星球日报12/15 07:37

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