The surging adoption of blockchain technology is expected to enhance the market size of the global cryptocurrency payments app sector to a value of $2.15 billion by 2030, according to a report by ReseachAndMarkets.com.
Per the report:
“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, became the first prominent brand to accept payments via ApeCoin.”
Crypto users are gaining more flexibility based on the convenience of merging traditional bank-based payments with Bitcoin. Therefore, such innovations are speculated to boost the market growth.
On the other hand, Covid-19 induced solutions are expected to trigger the crypto payments app market's growth significantly. The report noted:
“The rising emphasis on digitalization and the growing popularity of contactless payments since the outbreak is anticipated to provide...
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