On this edition of Strata Research, Jacquelyn sits down with institutional research analyst Alex Beaudry to dig into crypto cards, which many assumed were built for consumers but are actually seeing most traction from institutions.

Alex breaks down why the developed market consumer card is basically a feature in search of a need, what Visa is building that could change the equation, and why onchain credit could be the piece of this stack that makes or breaks the whole argument.

Check out the associated Strata Research report for more details: https://www.token-relations.com/p/the-real-story-behind-crypto-cards

TIMESTAMPS:

01:21 - What a crypto card actually is and how it works under the hood

03:04 - Why the developed market consumer card hasn't taken off — and may never

07:22 - Where the real value actually is: B2B and institutional usage

08:39 - The acquisition wave and why infrastructure is the real prize

11:46 - Onchain credit: what works and what's still broken

14:01 - What to watch over the next 6–24 months

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Note: This podcast is for informational purposes only. Views shared are opinions, not financial advice. The host or guests may have financial interests in discussed content.