Latest news with #AlexandrKerya
Crypto Insight
29-06-2025
- Business
- Crypto Insight
Crypto cards outpace banks in micro-spending in Europe: Report
Crypto cards are beating traditional banks in Europe when it comes to small purchases, with 45% of crypto-linked card transactions under 10 euros ($11.7) — a category where cash has historically dominated. According to a report by shared with Cointelegraph, crypto card holders are showing spending patterns that mirror traditional bank card users while embracing online payments at a faster pace. The report noted a 15% rise in newly ordered crypto cards across Europe in 2025, signaling growing interest as more Europeans turn to digital assets for everyday payments. Furthermore, while European Central Bank data shows 21% of all card payments across the euro area are online, figures reveal crypto card users already conduct 40% of their transactions on the internet — nearly double the average. Crypto cards used for everyday spending Spending patterns show crypto cardholders are using their cards for everyday spending. According to data, groceries make up 59% of purchases, near the ECB's 54% benchmark, while dining and bars account for 19%, above the average for in-person food and drink spending. Notably, the average crypto card transaction sits at 23.7 euros ($27.8) compared to 33.6 euros ($39) for bank cards, based on Q1 2025 Mastercard data. 'What we're seeing in Europe is that crypto card users aren't just experimenting with new tech — they're showing us what everyday spending might look like in a truly cashless future,' said Alexandr Kerya, vice president of Product Management at 'With average card payment volume rising 24% in just the last month, this shift is clearly gaining momentum,' he added. The data further shows that stablecoins power 73% of transactions, with other major cryptocurrencies like Bitcoin, Ether, Litecoin and Solana also being used for groceries, dining and transportation. The trend is consistent across other providers. For instance, Oobit reported strong spending on everyday essentials among European users, while noted similarly high volumes in online shopping transactions. Barclays to block crypto purchases on credit cards Despite the surge in crypto card adoption, Barclays has announced plans to ban crypto transactions on its Barclaycard credit cards. The bank cited fears of customers falling into unmanageable debt due to crypto market volatility and highlighted the lack of investor protections in the sector. Barclays explained that crypto asset purchases carry no recourse through the Financial Ombudsman Service or the Financial Services Compensation Scheme if something goes wrong, leaving consumers exposed. Source:
Yahoo
12-04-2025
- Business
- Yahoo
Tokenized Gold Surges Above $2B Market Cap as Tariff Fears Spark Safe Haven Trade
As gold prices blazed to new records, their digital counterparts are also on a tear, growing faster than most other crypto sectors. As risk assets including cryptocurrencies struggled on Thursday amid tariff uncertainties, tokenized gold once again emerged as an outperformer in the carnage. The market capitalization of gold-backed tokens swelled above $2 billion to a new record on Friday, up 5.5% over the past 24 hours, according to CoinGecko data. The rise coincided with the yellow metal rallying to a fresh all-time high of $3,240/oz, TradingView shows. Alongside the price rally, gold tokens experienced a frenzy of activity and demand over the past weeks, fueled by the broader market turmoil. Weekly tokenized gold trading volume surpassed $1 billion, the highest since the U.S. banking turmoil of March 2023, according to a report by digital asset platform The two largest tokens, Paxos Gold (PAXG), Tether Gold (XAUT), making up the bulk of the tokenized gold market, saw their weekly trading volumes surging over 900% and 300%, respectively, since January 20, according to the report citing CoinGecko data. PAXG also experienced continuous inflows totalling $63 million during this period, DefiLlama data shows. The rally tracks the broader gains in physical gold, which posted double-digit increases in 2025 amid geopolitical uncertainty and inflation concerns. However, even gold wasn't spared during the market-wide sell-off triggered by U.S. tariffs, with prices briefly dropping 6% before quickly recovering to record highs. Since Trump's inauguration, tokenized gold has been one of crypto's top performing sectors, with its market cap up 21%, the report noted. By contrast, stablecoins gained a more modest 8% in market cap, while bitcoin declined 19% and the total crypto market lost 26%. 'Tokenized gold is emerging as one of the key diversification strategies among crypto-native users, alongside bitcoin," wrote Alexandr Kerya, VP of product management at "It provides a safer and more stable approach to portfolio management, enabling users to stay within the crypto ecosystem while benefiting from the value and stability of the underlying physical asset.' "At the same time, the broader RWA narrative helps make gold exposure more accessible and intuitive for users who may not have considered it before," Kerya added. UPDATE (April 11, 15:54 UTC): Updated gold price and tokenized gold market capitalization. Updates 1st graf. Disclaimer: This article, or parts of it, was generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
12-04-2025
- Business
- Yahoo
Tokenized Gold Nears $2B Market Cap as Tariff Fears Spark Safe Haven Trade
As risk assets including cryptocurrencies struggled on Thursday amid tariff uncertainties, tokenized gold once again emerged as an outperformer in the carnage. The market capitalization of gold-backed tokens swelled to just under $2 billion on Wednesday, up 5.7% over the past 24 hours, according to CoinGecko data. The rise coincided with the yellow metal briefly touching a fresh all-time above $3,170/oz, TradingView shows. Alongside the price rally, gold tokens experienced a frenzy of activity and demand over the past weeks, fueled by the broader market turmoil. Weekly tokenized gold trading volume surpassed $1 billion, the highest since the U.S. banking turmoil of March 2023, according to a report by digital asset platform The two largest tokens, Paxos Gold (PAXG), Tether Gold (XAUT), making up the bulk of the tokenized gold market, saw their weekly trading volumes surging over 900% and 300%, respectively, since January 20, according to the report citing CoinGecko data. PAXG also experienced continuous inflows totalling $63 million during this period, DefiLlama data shows. The rally tracks the broader gains in physical gold, which posted double-digit increases in 2025 amid geopolitical uncertainty and inflation concerns. However, even gold wasn't spared during the market-wide sell-off triggered by U.S. tariffs, with prices briefly dropping 6% before quickly recovering to record highs. Since Trump's inauguration, tokenized gold has been one of crypto's top performing sectors, with its market cap up 21%, the report noted. By contrast, stablecoins gained a more modest 8% in market cap, while bitcoin declined 19% and the total crypto market lost 26%. 'Tokenized gold is emerging as one of the key diversification strategies among crypto-native users, alongside bitcoin," wrote Alexandr Kerya, VP of product management at "It provides a safer and more stable approach to portfolio management, enabling users to stay within the crypto ecosystem while benefiting from the value and stability of the underlying physical asset.' "At the same time, the broader RWA narrative helps make gold exposure more accessible and intuitive for users who may not have considered it before," Kerya added. Disclaimer: This article, or parts of it, was generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
