Cryptocurrency Payment Apps Market to see Huge Growth by 2028

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.

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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-

• By Cryptocurrency Type

• By Payment Type

• By End-User

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

• Competitive Landscape- including Apirone OÜ, BitPay Inc., CB Payments, Ltd., Coinomi Ltd. SecuX Technology Inc., and others.

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Cryptocurrency Payment Apps Market Report Segment

By Cryptocurrency Type

• Bitcoin

• Ethereum

• Litecoin

• DAI

• Ripple

• Others

By Payment Type

• In-Store Payment

• Online Payment

By End-User

• Individuals

• Businesses

Cryptocurrency Payment Apps Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• 2U, Inc.

• B2BinPay

• Binance Services Holdings Ltd.

• Bisq

• Blockonomics

• Circle Internet Financial, LLC

• CoinGate

• CoinJar UK Ltd.

• CPS Solutions OU

• Electroneum Ltd.

• eToro group

• Invest Volver Inc.

• Mycelium Holding LTD.

• OpenNode, Inc.

• ZuPago HyBrid (HD) Wallet

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