Crypto cards often lose money on every swipe by design, using rewards as customer acquisition while profits come from FX, spreads, float, and stablecoin balances

For an EEA consumer debit swipe, interchange is capped at 0.2%, leaving at least a 4.8-point hole against Gnosis Pay’s advertised 5% rebate. Crypto.com showed how token-funded card CAC reprices in a bear market: it cut most staked CRO card rates to 1%–3% and added $25/$50 monthly caps on June 1, 2022.

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