One of the biggest perks of having millions of cards in the market is being able to aggregate and analyze the transactional data. This enables the analysts to glean meaningful and relevant, real-world information from which issuers, fintechs, and end users can use to inform their appetite for product development and product adoption.
In a ground-breaking report, ARFASOFTECH analyzed account and transactional data from more than 4,000 traditional and crypto-backed card programs across 40 countries spanning three continents.
The result? We‘ve got lots of insights to share with you about crypto-backed cards!
A crypto-backed card connects a crypto wallet, provided by a cryptocurrency exchange like Crypto.com or Coinbase, to an issuing and payment processing platform. Crypto cards enable cardholders to make payments in person and digitally by transacting through conventional payment networks like Visa and Mastercard.
These innovative programs offer consumer and commercial cardholders a number of benefits, such as reduced or waived foreign conversion fees, near real-time transaction, rewards, and multi-currency/multi-purse features that allow them to move seamlessly between cryptocurrencies and fiat in a secure and compliant fashion.
After analyzing the data, some key findings emerged. Read the full report to learn how crypto-backed cards:
As a pioneer in crypto-backed cards, ARFASOFTECH has the expertise and experience to help you realize your vision. Ready to talk? Contact us today!