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Crypto Payment Gateways Market Trends

  • Report ID: GMI11058
  • Published Date: Aug 2024
  • Report Format: PDF

Crypto Payment Gateways Market Trends

The crypto payment gateways industry is experiencing significant growth due to the increasing demand for decentralized financial transactions and enhanced privacy-focused payment solutions. Advancements in blockchain technology are driving this trend by boosting the reliability of web-based payment systems. The integration of sophisticated blockchain infrastructure is making these payment solutions more secure and efficient, meeting the evolving needs of businesses and consumers. This trend highlights the shift towards more reliable and privacy-centric financial transactions in the rapidly advancing digital payments landscape.

 

Companies are adopting advanced blockchain technology to address the growing need for secure and efficient financial transactions while enhancing user privacy. For instance, in June 2024, NOWPayments announced the listing of USDt TON, marking a significant milestone for businesses and customers by enabling seamless and efficient transactions with one of the most stable cryptocurrencies.
 

USDt, pegged 1:1 to the US Dollar, combines the benefits of cryptocurrency transactions—speed, transparency, and low fees—with the stability of fiat currency, making it a reliable option for minimizing volatility. The Open Network (TON) supports this integration with its high scalability, rapid transaction speeds, and robust security features, positioning itself as a leading blockchain for decentralized applications. NOWPayments, a comprehensive cryptocurrency payment gateway, enhances this synergy by offering a user-friendly platform for accepting a wide array of digital currencies, streamlining payment processes, and expanding global reach.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of crypto payment gateways reached USD 1.2 billion in 2023 and will expand at a 15% CAGR between 2024 and 2032, due to increasing acceptance of cryptocurrencies by businesses and consumers seeking faster, secure, and low-cost transactions.

The bitcoin segment accumulated 52% of the market share in 2023, owing to widespread recognition, established market dominance, and extensive acceptance among merchants and consumers.

North America market captured 37% share in 2023, driven by advanced financial infrastructure, high cryptocurrency adoption rates, and supportive regulatory environment.

Prominent players operating in the industry are Coinbase Commerce, PayPal (Crypto Integration), Crypto.com Pay, CoinGate, BitPay, CoinPayments, and TripleA, among others.

Crypto Payment Gateways Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 295
  • Countries covered: 23
  • Pages: 270
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