WhiteBIT Nova has processed over 1 million transactions, suggesting crypto cards are making digital assets practical for everyday spending. These cards bridge the gap between cryptocurrency and conventional payment methods, offering benefits like enhanced privacy and crypto rewards.
The global crypto credit card market, valued at USD 1.3 billion in 2024, is projected to reach USD 220.46 billion by 2033, demonstrating an 8.6% CAGR during the forecast period. WhiteBIT’s data indicates spending patterns among its crypto card users mirror those of traditional cardholders, encompassing everyday essentials, entertainment, and luxury goods, showcasing crypto’s growing utility.
A recent Visa survey, in partnership with Brewan Howard and Castle Island Ventures, found that popular non-trading use cases include currency conversion, paying for goods, remittances, and salary payments. WhiteBIT data reflects similar engagement with purchases spanning everyday essentials, entertainment, and luxury goods.
Key findings regarding WhiteBIT Nova crypto card usage:
- Most popular cryptocurrencies for spending: USDC, Bitcoin (BTC), Ethereum (ETH), and WhiteBIT Coin (WBT) lead transactions.
- Top brands for crypto payments: WhiteBIT Nova owners shop at Spotify, YouTube, Booking, KFC, Ryanair, Farfetch, and PlayStation. Luxury retailers like Cartier, Balenciaga, Gucci, Dior, and Louis Vuitton are also processing over 5,000 transactions.
- Top spending categories: Everyday purchases dominate, with groceries, food & cafés, and subscriptions leading crypto payments.
Cashback rewards are a significant driver of crypto card adoption. The top categories for cashback benefits include:
- Essentials: Groceries (22.8%), food and cafés (20.4%), and subscriptions (14.1%).
- Leisure and entertainment: Taxi services (10.7%), entertainment (8.2%), and gaming (7.3%).
- Travel and lifestyle: Auto expenses (4.9%), airlines (4.2%).
- Wellness and everyday needs: Pet-related purchases (3.9%), and medicine (3.5%).
BTC and WBT remain preferred choices for cashback rewards, with growing preference for WBT. Reflecting trends in digital payments, 88.52% of WhiteBIT Nova card users favor virtual cards, while 11.48% opt for physical versions. By 2026, global digital wallet users are projected to reach 5.2 billion, over 60% of the global population, marking a 53% increase since 2022.