The global cryptocurrency payment apps market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. The growing adoption and increasing cryptocurrency payment options is boosting the global cryptocurrency payment apps market. According to Pew Research Center data of 2021, majority of the US adults have heard at least a little about cryptocurrencies auch as Bitcoin or Ether, and 16% personally have invested in, traded or otherwise used one. Men aged between 18 to 29 years are particularly likely to use these cryptocurrencies. The consumers are increasingly opting for new payment methods that are simple yet secure, cryptocurrencies are rapidly becoming popular across the globe. The traditional payments providers are reluctant to adopt crypto-based payments, they stand to benefit from the technology, as it not only has faster settlement cycles however also offers access to new customer segments. For instance, in 2022, Mastercard International Inc. and Binancein collaboration launch prepaid card in Argentina to bridge cryptocurrencies and everyday purchases. The Binance Card issued by Credencial Payments allows all new and existing Binance users in Argentina with a valid national ID to make purchases and pay bills with cryptocurrencies, including Bitcoin and BNB, at over 90 million Mastercard merchants worldwide, both in-store and online.
Browse the full report description of “Cryptocurrency Payment Apps Market Size, Share & Trends Analysis Report by Cryptocurrency Type (Bitcoin, Ethereum, Litecoin, DAI, Ripple, and Others), by Payment Type (In-Store Payment and Online Payment), and by End-User (Individuals and Businesses) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/cryptocurrency-payment-apps-market
Additionally, in April 2022, Nexo and Mastercard launch 'world first' crypto-backed payment card, it will be available in selected European countries initially, allows users to spend without having to sell their digital assets such as bitcoin, which are used as collateral to back the credit granted. Hence, the growing adoptions and increasing payment options is directly increasing the demand for cryptocurrency payment app across the world.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Cryptocurrency Type
o By Payment Type
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Apirone OÜ, BitPay Inc., CB Payments, Ltd., Coinomi Ltd. SecuX Technology Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Cryptocurrency Payment Apps Market Report Segment
By Cryptocurrency Type
By Payment Type
By End-User
Global Cryptocurrency Payment Apps Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/cryptocurrency-payment-apps-market