Visa has secured a dominant position in the on-chain card volume market, capturing over 90% of the share. The lead persists even as both Visa and Mastercard operate more than 130 cryptocurrency programs each. Industry observers attribute Visa’s edge to its early infrastructure partnerships, which expanded its crypto payments footprint.
Mastercard and other rivals collectively maintain a smaller footprint in on-chain card programs. This disparity underscores Visa’s scalable crypto payments ecosystem built through early partnerships.
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