i2c releases Crypto Card Program report

By Edlyn Cardoza

i2c Inc., a leading digital payment and banking technology provider, recently released a report on crypto-backed cards, one of the world’s fastest-growing card categories. The report examines account and transactional data from more than 4,000 traditional and crypto-backed card programs across 40 countries and three continents.

With more than five million crypto-backed cards running on its global platform, i2c is the world’s premier partner for issuing and processing cryptocurrency cards.

Unlike many crypto studies, the report is notable for being based on actual behaviour (transactional data) and verified demographic data instead of respondent statements. Among the report’s highlights were findings that seem to challenge common perceptions about crypto users and reinforce both the global nature and borderless benefits associated with the technology:

• 45% of crypto cardholders are over age 35
• Crypto-backed card programs transact cross-border at more than twice the rate of traditional cards
• Crypto-backed card programs show higher dollar volumes (7%) for cross-border transactions than traditional card programs

“Crypto-backed cards are presenting the payments industry with groundbreaking firsts while demonstrating what’s possible for a truly global payments program,” said Jim McCarthy, president of i2c. “We saw crypto-related accounts grow exponentially over the past year along with innovations and engagement levels that are changing the way we think about payments and cardholders.”

Recently, IBS Intelligence reported that i2c Inc. had announced that the company has been selected to power payment programs across nine countries in Latin America and the Caribbean and is set to partner with some of the most innovative financial services providers throughout the region. At present, i2c supports the launch and implementation of 22 programs across Antigua, Argentina, Belize, Brazil, the Dominican Republic, Jamaica, Mexico, Peru, and Puerto Rico.