Dublin, 29 Sept. 2023 (GLOBE NEWSWIRE) — The “Global Cryptocurrency Payment Apps Market by Cryptocurrency Type (Bitcoin, DAI, Ethereum), Payment Type (In-Store Payment, Online Payment), End Use – Cumulative Impact of COVID -19, Russia Ukraine Conflict, and High Inflation – Forecast 2023-2030” report has been added to ResearchAndMarkets.com’s offering.
In the dynamic landscape of the digital economy, the Global Cryptocurrency Payment Apps Market is emerging as a formidable force with remarkable growth potential. From USD 541.34 million in 2022, this sector is on a continuous upward trajectory, with an estimated value of USD 639.16 million in 2023. Projections suggest that it will soar to USD 2,108.57 million by 2030.
Insights into a booming market
This comprehensive report offers cutting-edge insights into the emerging cryptocurrency payment application market, highlighting emerging trends and providing essential information on cryptocurrency types, payment schemes and end users. With granular views based on business and individual usage, as well as analysis of Bitcoin, DAI, Ethereum, Litecoin and Ripple, it covers both in-store and online payments. In addition, geographic segmentation facilitates precise production localization, making it an essential resource for pioneers seeking growth in the Americas, Asia Pacific or Europe, Middle East and Africa.
Market expansion
The Global Cryptocurrency Payment Apps Market size, estimated at USD 541.34 million in 2022, is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.52%. This growth is expected to propel the market to a staggering USD 2,108.57 million by 2030.
Navigating through uncertain terrain
This report takes into account the ongoing political and economic uncertainties arising from the Russia-Ukraine conflict in Eastern Europe. It assesses potential implications for supply-demand balances, price pressures and global trade dynamics. Furthermore, it addresses the impact of high inflation on the global economy and delves into fiscal policy aimed at mitigating its effects on demand, supply, cash flow and currency exchange.
Market Share Analysis
The Market Share analysis provides valuable insights into the current state of vendors in this market. By comparing supplier contributions in terms of overall revenue, customer base and other key metrics, it provides a comprehensive understanding of supplier performance.
Market segmentation and coverage
The report categorizes the Global Cryptocurrency Payment Apps Market to forecast revenue and analyze trends in submarkets based on the following criteria:
Type of cryptocurrency: Bitcoin, DAI, Ethereum, Litecoin and Ripple. DAI is projected to hold a significant market share during the forecast period. Payment type: In-store payment and online payment. In-store payment is expected to dominate the market share during the forecast period. End use: Businesses and individuals. The Businesses segment is expected to witness significant market share during the forecast period. Region: Europe, Middle East and Africa are expected to capture a significant market share in the forecast period.
Market dynamics
Managers
Widespread adoption of cryptocurrency.Improved security in cryptocurrency payment applications with blockchain integration.Low international currency payment fees offered by cryptocurrency payment applications.
Restrictions
Limited awareness among the population.
Opportunities
Advances in blockchain technology and payment applications. Integration of cryptocurrency payment gateway into online platforms.
Challenges
High risk associated with cryptocurrency.
Key players
Apirone OUBinanceBitPay Inc.Blockchain.com, Inc.BlockonomicsCash AppCoinbaseCoinGateCoinJar Australia Pty. Ltd.CoinomiCrypto.comCryptopay Ltd.Electroneum Ltd.MYCELIUMSaint Bitts LLCSecuX Technology Inc.ZuPago HyBrid (HD) Wallet
Key features:
Report FeatureDetailsNo. of Pages187 Forecast Period 2023 – 2030 Estimated Market Value (USD) in 2023 $639.16 million Forecast Market Value (USD) by 2030 $2108.57 million Compound Annual Growth Rate 18.5% Regions covered worldwide
For more information on this report visit https://www.researchandmarkets.com/r/3wkfqp
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Global Cryptocurrency Payment Application Market
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