Crypto cards are no longer just an experiment.
@ether_fi cash has crossed $400M in cumulative spend with monthly volume staying above $50M since December.
The usage does not come from a few large payments carrying the total. EtherFi Cash has processed 5.3M spend transactions across 71.7K cumulative cards with spend activity, implying an average transaction size below $80.
EtherFi Cash has paid $13.6M in cashback to date, so some portion of activity is likely incentive-driven. The question here is whether spend remains in this range as the product matures.
Users are spending through the product at meaningful scale. Now the test is whether users keep coming back.

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