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Cryptocurrency Payment Apps Market

Cryptocurrency Payment Apps Market

Cryptocurrency Payment Apps Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

142

Base Year:

2021

Date

Jul - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1724

Segments Covered
  • By Cryptocurrency Type Bitcoin, Ethereum, Electroneum, Litecoin, DAI, Ripple, Other Cryptocurrency Types
  • By Payment Type In-Store Payment, Online Payment, Other Payment Types
  • By End User Individuals, Small & Medium Enterprises, Large Enterprises
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 98.4 Million
Revenue 2028Revenue 2028: USD 209.2 Million
Revenue CAGRRevenue CAGR (2022 - 2028): 13.4%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Cryptocurrency Payment Apps Market Share

Market Synopsis:

The Global Cryptocurrency Payment Apps Market is valued at USD 98.4 Million in the year 2021 and is anticipated to reach a value of USD 209.2 Million by the year 2028. The Global Market is forecasted to grow to exhibit a Compound Annual Growth Rate (CAGR) of 13.4% over the forecast period.

Cryptocurrency Payment Apps Market Size, 2021 To 2028 (USD Million)

Businesses worldwide may now accept cryptocurrency payments for the goods and services they give to their consumers, thanks to Cryptocurrency Payment Appss. Blockchain technology is used by Cryptocurrency Payment Appss to enable secure cross-border payments. Furthermore, the fees connected with making bitcoin payments through Cryptocurrency Payment Apps are typically lower than those associated with traditional payment methods such as credit cards. Cryptocurrency payment systems can be configured to provide native dashboards and assist businesses in keeping track of all payments. Although Bitcoin is the most widely accepted cryptocurrency for making payments through Cryptocurrency Payment Apps, some apps also receive Litecoin, Bitcoin Cash, and Ether, among other cryptocurrencies.

Point-of-sale systems, e-commerce platforms, billing & accounting solutions, and shopping cart software, among others, can all be integrated with Cryptocurrency Payment Appss. However, introducing online options for bitcoin payments over the forecast period will likely provide new growth prospects for the Cryptocurrency Payment Apps industry. In addition, the strong emphasis technology companies worldwide place on developing financial systems based on blockchain technology and increasing their digital assets to gain a competitive advantage in the Cryptocurrency Payment Appss market is expected to play a significant role in propelling market growth over the forecast period.

Market Segmentation:

The Cryptocurrency Payment Apps Market is segmented on the basis of Cryptocurrency Type, Payment Type, and End User. Based on Cryptocurrency Type, the market is segmented as Bitcoin, Ethereum, Electroneum, Litecoin, DAI, Ripple, and Other Cryptocurrency Types. Based on Payment Type, the market is segmented as In-store Payment, Online Payment, and Other Payment Types. Finally, based on End Users, the market is segmented as Individuals, Small & Medium Enterprises, and Large Enterprises.

Based on Cryptocurrency Type:

On the basis of the Cryptocurrency Type segment, the Ethereum type is a cryptocurrency software based in the United Kingdom that aims to empower people to offer a mobile-first payment solution. It now has millions of users all around the world as a result of its popularity. Electroneum (ETN) enables consumers without a Visa, MasterCard, PayPal, or another credit card to pay for in-store and online goods and services. The Electroneum app allows anyone to instantly retain and transfer money in ETN at a low cost.

Based on Cryptocurrency Type:

On the basis of Cryptocurrency Type, the Bitcoin segment is known for its peer-to-peer technology and robust cryptography. As a result, Bitcoin became the de-facto currency for dark web markets. However, some of these exchanges have since switched to more fast money like Monero.

Bitcoin's value continued to rise as more people invested in the currency. In addition, early exchanges like Blockchain and Coinbase allowed users to trade and hold coins in wallets rather than storing them on encrypted hard drives. However, due to Bitcoin's disproportionate size compared to the rest of the cryptocurrency market, other alt-coins have struggled to gain traction, with some equating Bitcoin with the whole cryptocurrency business.

North America Dominated the Market Growth

North America is likely to grab the most significant share of the worldwide crypto payment gateway market because of the high popularity of cryptocurrencies, their expanding adoption, and the presence of essential players in this area. Even though the government accepts consumer cash, many emerging countries favor digital money. Therefore, consumers' and retailers' acceptance of digital payment propels the market forward. Furthermore, the expanding popularity of cryptocurrency mining, as well as the presence of prominent players in this region, are fueling market expansion. However, Asia Pacific is also predicted to have the quickest growth in the worldwide crypto payment gateway market due to the increasing technological breakthroughs and expanding acceptance of virtual currency in this area. Furthermore, an increase in the number of partnerships and collaboration activities among market competitors in this region is boosting the market growth.

Competitive Landscape:

The key players in the Global Cryptocurrency Payment Apps Market include- Coinbase, BitPay, Coinomi, Paytomat, Apirone OU, SecuX Technology Inc., Circle Internet Financial Limited and others.

Segmentation of the Global Cryptocurrency Payment Apps Market:

Parameter Details
Segments Covered
  • Cryptocurrency Type (Bitcoin, Ethereum, Electroneum, Litecoin, DAI, Ripple, Other Cryptocurrency Types)
  • Payment Type (In-Store Payment, Online Payment, Other Payment Types)
  • End User (Individuals, Small & Medium Enterprises, Large Enterprises)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Coinbase
  • BitPay
  • Coinomi
  • Paytomat
  • Apirone OU
  • SecuX Technology Inc.
  • Circle Internet Financial Limited
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Cryptocurrency Payment Apps Market to Reach Valuation of USD 209.2 Million by 2028 – Rising Demand for Transparency in the Payment System Drives the Market
In terms of revenue, the Global Cryptocurrency Payment Apps Market is expected to reach USD 209.2 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 13.4% from 2022 to 2028. The rising demand for transparency in the payment system along with the growing shift toward digital paymen...
FAQ
Frequently Asked Question
  • The global Cryptocurrency Payment Apps valued at USD 98.4 Million in 2020 and is expected to reach USD 209.2 Million in 2028 growing at a CAGR of 13.4%.

  • The prominent players in the market are Coinbase, BitPay, Coinomi, Paytomat, Apirone OU, SecuX Technology Inc., Circle Internet Financial Limited.

  • The market is project to grow at a CAGR of 13.4% between 2021 and 2028.

  • The driving factors of the Cryptocurrency Payment Apps include

    • Increasing demand for the cryptocurrency payment option in the organization

  • North America was the leading regional segment of the Cryptocurrency Payment Apps in 2020.