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Increase in the Number of Cryptocurrency Holders Fuels Growth in the Global Cryptocurrency Payment Apps Market Report, 2022–2030


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    Global Cryptocurrency Payment Apps Market

    Global Cryptocurrency Payment Apps Market

    Global Cryptocurrency Payment Apps Market

    Dublin, Dec. 29, 2022 (GLOBE NEWSWIRE) -- The report has been added to ResearchAndMarkets.com's offering.

    The global cryptocurrency payment apps market size is expected to reach USD 2.15 billion by 2030, growing at a CAGR of 16.6% from 2022 to 2030, according to this study conducted.

    Companies Mentioned

    • Coinbase

    • BitPay

    • Coinomi

    • Paytomat

    • Apirone OU

    • SecuX Technology Inc.

    • Circle Internet Financial Limited

    • Binance

    • CoinJar UK Limited

    • Cryptopay Ltd.

    The growing adoption of blockchain technology is anticipated to drive the growth of the market. The increased emphasis cryptocurrency payment app providers are putting on offering enhanced payment solutions also bodes well for the growth of the market.

    Services that merge bitcoin with conventional bank-based payments are expanding and providing crypto users flexibility. For instance, in June 2022, the cryptocurrency exchange Coincoinx introduced a service named Coinpago that would let customers pay in Venezuela without having to exchange their cryptocurrency for fiat. Coinpago is expected to enable customers to make purchases at any merchant or store in the nation.

    The growing acceptance of cryptocurrency as an alternative to fiat currencies is anticipated to propel the market's expansion during the forecast period. For instance, in August 2022, Gucci with the integration of BitPay, becomes the first prominent brand to accept payments via ApeCoin. With this, customers across the U.S. will be able to buy products from its stores through ApeCoin via BitPay's payment infrastructure.

    Over the course of the projection period, the COVID-19 outbreak is anticipated to significantly contribute to the growth of the market for crypto payment apps. The rising emphasis on digitalization and the growing popularity of contactless payments since the outbreak is anticipated to provide new opportunities for the growth of the market. In addition, the rising demand for faster checkouts and flexibility to choose from multiple payment methods at physical payment terminals is expected to accentuate the market's growth.

    Report Attribute

    Details

    No. of Pages

    160

    Forecast Period

    2022 - 2030

    Estimated Market Value (USD) in 2022

    $626.4 Million

    Forecasted Market Value (USD) by 2030

    $2150 Million

    Compound Annual Growth Rate

    16.6%

    Regions Covered

    Global

    Cryptocurrency Payment Apps Market Report Highlights

    • The Bitcoin segment is expected to dominate the market during the forecast period owing to the growing popularity of bitcoin as a medium of exchange for products and services.

    • The online payment segment is expected to witness the fastest growth during the forecast period. The strong and continual growth of the online platforms which accepts cryptocurrency as a payment option is contributing to the growth.

    • The android segment dominated the market in 2021. The dominance is attributable to the proliferation of android smartphones owing to the affordability factor as they are comparably cheaper than iOS-based smartphones.

    • The businesses segment is expected to dominate the market during the forecast period owing to the increased adoption of cryptocurrency payment apps among businesses.

    • The North America region is expected to dominate the market during the forecast period due to the presence of several prominent players in the region.

    Key Topics Covered:

    Chapter 1 Methodology and Scope

    Chapter 2 Executive Summary

    Chapter 3 Cryptocurrency Payment Apps Industry Outlook
    3.1 Market Segmentation and Scope
    3.2 Market Size and Growth Prospects
    3.3 Cryptocurrency Payment Apps Market - Value Chain Analysis
    3.4 Cryptocurrency Payment Apps Market - Market Dynamics
    3.4.1 Market driver analysis
    3.4.1.1 Increasing number of cryptocurrency holders
    3.4.1.2 Rising acceptance of digital currencies
    3.4.2 Market challenge analysis
    3.4.2.1 Security issues associated with Cryptocurrency Payment Apps
    3.5 Penetration and Growth Prospect Mapping
    3.6 Cryptocurrency Payment Apps Market - Porter's Five Forces Analysis
    3.7 Cryptocurrency Payment Apps Market - PESTEL Analysis

    Chapter 4 Investment Landscape Analysis
    4.1 Investor Strategies
    4.2 Investor Vision & Goal Analysis
    4.3 Funding Raised in Cryptocurrency
    4.4 Investments Made in Cryptocurrency Payment Apps

    Chapter 5 Cryptocurrency Payment Apps Cryptocurrency Type Outlook
    5.1 Cryptocurrency Payment Apps Market Share By Cryptocurrecny Type, 2021
    5.2 Bitcoin
    5.2.1 Bitcoin cryptocurrency payment apps market, 2017 - 2030
    5.3 Ethereum
    5.3.1 Ethereum cryptocurrency payment apps market, 2017 - 2030
    5.4 Litecoin
    5.4.1 Litecoin cryptocurrency payment apps market, 2017 - 2030
    5.5 DAI
    5.5.1 DAI cryptocurrency payment apps market, 2017 - 2030
    5.6 Ripple
    5.6.1 Ripple cryptocurrency payment apps market, 2017 - 2030
    5.7 Others
    5.7.1 Other cryptocurrency payment apps market, 2017 - 2030

    Chapter 6 Cryptocurrency Payment Apps Payment Type Outlook
    6.1 Cryptocurrency Payment Apps Market Share By Payment Type, 2021
    6.2 In-Store Payment
    6.2.1 In-store cryprtocurrency payment apps market, 2017 - 2030
    6.3 Online Payment
    6.3.1 Online cryprtocurrency payment apps, 2017 - 2030

    Chapter 7 Cryptocurrency Payment Apps Operating System Outlook
    7.1 Cryptocurrency Payment Apps Market Share By Operating System, 2021
    7.2 Android
    7.2.1 Android cryptocurrency payment apps market, 2017 - 2030
    7.3 iOS
    7.3.1 iOS cryptocurrency payment apps market, 2017 - 2030
    7.4 Others
    7.4.1 Others cryptocurrency payment apps market, 2017 - 2030

    Chapter 8 Cryptocurrency Payment Apps End User Outlook
    8.1 Cryptocurrency Payment Apps Market Share By End User, 2021
    8.2 Individuals
    8.2.1 Cryptocurrency payment apps market for individuals, 2017 - 2030
    8.3 Businesses
    8.3.1 Cryptocurrency payment apps market for businesses, 2017 - 2030

    Chapter 9 Cryptocurrency Payment Apps Regional Outlook

    Chapter 10 Competitive Analysis
    10.1 Recent Developments & Impact Analysis, By Key Market Participants
    10.2 Company Categorization
    10.3 Vendor Landscape
    10.3.1 Key company market share analysis, 2021
    10.4 Company Analysis Tools
    10.4.1 Company market position analysis
    10.4.2 Competitive dashboard analysis

    Chapter 11 Competitive Landscape

    For more information about this report visit https://www.researchandmarkets.com/r/ux7b7q

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