openPR Logo
Press release

Bitcoin Payments Market Revenue Projections for the Future that would Help in Taking Strategic Steps for Key Players- Coinpayments, Inc, BitPay, Coinbase, CoinGate, Spectro Finance Ltd, GoUrl.io, GaragePreneurs Internet Pvt Ltd, GoCoin LLC, Shopify Inc, a

10-28-2020 07:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Bitcoin Payments Market

Bitcoin Payments Market

The global market for bitcoin payments is experiencing considerable growth, and is expected to expand as crypto-currencies are gaining popularity across the world. Bitcoin payment services provide a globalized transaction network that allows fast & efficient transfer of bitcoin across the globe. The payments for bitcoins are executed via smartphones and tablets. Moreover, bitcoin transactions are considered relatively cheaper, owing to lower transaction fees. With these features, a retailer and other users obtains a secure and credible identity in digital world of crypto-currencies.

Companies covered in the report: Coinpayments, Inc, BitPay, Coinbase, CoinGate, Spectro Finance Ltd, GoUrl.io, GaragePreneurs Internet Pvt Ltd, GoCoin LLC, Shopify Inc, and CoinsBank

Download Report Sample: https://www.alliedmarketresearch.com/request-sample/7900

COVID-19 scenario analysis:

During the wake of the economic downturn, bitcoin's value has been on the rise for the past month.

With no disruptions, banking partners are accepting payments at any time while maintaining business relationships without significant delays, as well as customers received timely customer service in the market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis:

Lower transaction costs for executing bitcoin payments and greater transparency in extremely competitive exchange rates are some of the factors that drive the market growth. However, stringent government regulations across various regions and lower awareness toward payment for bitcoins are some of the factors that limit the market growth.

Conversely, rise in popularity of bitcoins and acceptance of digital currencies in emerging economies are some of the factors expected to create lucrative opportunities for the market in upcoming years.

Get detailed COVID-19 impact analysis on the Bitcoin Payments Market: https://www.alliedmarketresearch.com/request-for-customization/7900?reqfor=covid

The global bitcoin payment market trends are as follows:

New prepaid card launches to flourish the market:

New prepaid card launches in the market are gaining momentum for bitcoin payments. For instance, in June 2020, Bitpay, which is a blockchain payment provider, introduced a prepaid debit card that enables U.S. consumers to spend their crypto assets as a fiat currency. In addition, the card uses Europay, Mastercard, and Visa (EMV) chip for contactless payments, providing adequate protection, and can be used for internet transactions or cash withdrawals from ATMs.

Growth in acceptance of bitcoin transactions:
Rise in growth of businesses and merchants accepting bitcoin globally is one of the major trends in the bitcoin payments market. Moreover, rise in number of customers looking for opportunities to spend their digital bitcoins on purchases and transactions is expected to boost the market. With rise in acceptance of blockchain and digital currencies worldwide, several companies are providing payment-related technologies that make and receive payments in crypto-currencies.

Enquire Before Buy: https://www.alliedmarketresearch.com/purchase-enquiry/7900

Key benefits of the report:

This study presents analytical depiction of the global bitcoin payments market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global bitcoin payments market share.

The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

The report provides a detailed market analysis based on the present and future competitive intensity of the market.

Questions answered in the bitcoin payments market research report:

Who are the leading market players active in the bitcoin payments market?

What would be the detailed impact of COVID-19 on the global bitcoin payment market?

What current trends would influence the market in the next few years?

What are the driving factors, restraints, and opportunities in the global bitcoin payments market?

What are the projections for the future that would help in taking further strategic steps?

Access Report Summary: https://www.alliedmarketresearch.com/bitcoin-payments-market-A07535

Regions covered: North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa

Component

Hardware
Software
Service

Industry vertical

E-commerce
Retail
Others

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Bitcoin Payments Market Revenue Projections for the Future that would Help in Taking Strategic Steps for Key Players- Coinpayments, Inc, BitPay, Coinbase, CoinGate, Spectro Finance Ltd, GoUrl.io, GaragePreneurs Internet Pvt Ltd, GoCoin LLC, Shopify Inc, a here

News-ID: 2173998 • Views:

More Releases from Allied Market Research

Reciprocating Hydrogen Compressor Market Analysis of Trends and Forecasts 2032 | Size at $914.29 Mn
Reciprocating Hydrogen Compressor Market Analysis of Trends and Forecasts 2032 | …
A reciprocating hydrogen compressor functions as a positive displacement compressor, utilizing a crankshaft-driven piston mechanism to compress hydrogen. These compressors play a crucial role in petroleum refining and chemical processing facilities. Moreover, hydrogen is increasingly recognized as a clean and efficient energy source across various sectors including transportation, power generation, and industrial processes. Global efforts to develop hydrogen infrastructure, such as fuel cell refueling stations and hydrogen manufacturing facilities, underscore a
Spiral Freezer Market Is Growing At A CAGR of 4.9% from 2023 to 2032 | Latest Research Report
Spiral Freezer Market Is Growing At A CAGR of 4.9% from 2023 to 2032 | Latest Re …
Spiral freezing, a technique employed in the food and beverage industries, utilizes compact freezers capable of preserving large quantities of food without compromising quality. This method ensures that products like ice cream, frozen pizza, meats, and bakery items retain their moisture, flavor, and texture throughout the freezing process. Spiral freezers employ either cryogenic or mechanical refrigeration techniques and are widely utilized in food manufacturing and preservation due to their swift
Americas Tile Grout Market To Witness Exponential Growth By 2023-2032 | With a CAGR of 4.9%
Americas Tile Grout Market To Witness Exponential Growth By 2023-2032 | With a C …
Grout plays a crucial role in providing support and stability to tiled surfaces by firmly securing the tiles in place and preventing any potential shifting or displacement. This ensures the long-term integrity of the tile installation. It is applied to fill the gaps, referred to as grout joints, between individual tiles, which are essential for accommodating slight size variations in the tiles and allowing for thermal expansion and contraction. Additionally,
Mining Drills and Breakers Market Increasing Demand and Growth Opportunities 2030 | At a CAGR of 4.1%
Mining Drills and Breakers Market Increasing Demand and Growth Opportunities 203 …
Mining drills represent the predominant equipment utilized for excavating the Earth's surface in mining operations. Breakers are employed to fracture rocks during the mining process. These tools facilitate the extraction of various organic materials and minerals such as coal, crude oil, gold, and a plethora of metals from the soil. There are two primary categories of drilling equipment: rotary and crawler, while hydraulic and rock breakers are the prevailing types

All 5 Releases


More Releases for Bitcoin

BITCOIN UP REVIEW 2022:IS BITCOIN UP A SAFE INVESTMENT?
Bitcoin Up Review:Despite the fact that it is a complex world, the introduction of trading robots made it easier for newcomers to understand the world of cryptocurrencies. They can open the doors for passionate investors wanting to reap the rewards of these technologies capable of forecasting price movements and making judgments without any human assistance by democratizing the use of these sorts of assets with automated algorithms and artificial intelligence. Cryptocurrency
What is Bitcoin? Understanding Bitcoin & Blockchain in 10 Minutes.
Bitcoin's open-source code (software), launched in 2009 by an anonymous developer, or group of developers, that are known only by the pseudonym Satoshi Nakamoto. This ingenious codebase enabled a completely trust-less network between strangers. And both sender and receiver can remain anonymous, if they so desire. Bitcoin is not printed by a government or issued by a central bank or authority. Bitcoin is created by ingenious open-source code (software) installed on
Bitcoin Information Service Market May Set New Growth Story | Bitcoin Magazine, …
The Latest Released COVID-19 Outbreak- Bitcoin Information Service market study has evaluated the future growth potential of COVID-19 Outbreak-Global Bitcoin Information Service market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, emerging
Bitcoin Association launches online education platform Bitcoin SV Academy
Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces the official launch of Bitcoin SV Academy – a dedicated online education platform for Bitcoin, offering academia-quality, university-style courses and learning materials. Developed by Bitcoin Association, Bitcoin SV Academy has been created to make learning about Bitcoin – the way creator Satoshi Nakamoto designed it - accessible, accurate and understandable. Courses are
Bitcoin & co., what are they ultimately for? Invest in Bitcoin halving expectati …
Eduardo Strecht Ricou, Libertex Senior Analyst I am often asked if I have a favourable or unfavourable opinion regarding the world of cryptocurrencies. I answer them with a question: "Do you know what Bitcoin is for?" They sometimes answer that they're "not sure" what Bitcoin is for, but that they heard the neighbour screaming out the window that he had made money buying and selling Bitcoin. What is Bitcoin? A new revolution in
Bitcoin going down, purchases for Bitcoin - grows
Coin2Shop analysts have published data about the number of buyers who use BTC and ETH to pay for goods in online shops has increased. And if in August the number of users of the company's plug-in did not exceed 400 accounts, and the number of purchases for cryptocurrency was almost half less - 231 transactions from August 10 to September 10, then for the same dates from October to November