Absolute Markets Insights (AMI) reports that the global cryptocurrency based payment card market is projected to register a growth rate of 35.68% during the 2021-2029 period in its newly released report. This growth is attributed to the rise in the number of crypto transactions globally, which in turn is increasing the adoption of crypto based payment cards.
The COVID-19 pandemic has adversely impacted the operations of businesses all over the globe. The concerns associated with the spread of coronavirus has forced government bodies to implement social distancing and lockdown measures to prevent the virus from reaching more individuals. Also, businesses implemented work from home initiatives to ensure that the operations are not interrupted due to the pandemic, and to cater to the health of their employees. During this period, individuals were also seeking additional revenue streams, and the field of cryptocurrency gained widespread adoption. There was a significant rise in crypto transactions in the last two years. For instance, the total number of Bitcoin transactions in 2019 was around 328,000 per day, while the number rose to about 350,000 in the second half of 2020. The pandemic also saw the inception of new cryptocurrencies. Currently, there are about 5,100 cryptocurrencies that are operational in the global cryptocurrency market. Companies are increasingly providing payment solutions that help in converting cryptocurrency into cash which can be used in everyday transactions. Companies levy a conversion fee to ensure that the crypto value is transferred to the bank account. The pandemic has raised awareness about crypto cards, and they are being supported by top card providers like Visa as well. Therefore, the pandemic has had an optimistic impact on the global cryptocurrency based payment card market, and the revenue is expected to gain considerable growth after the pandemic period.
Browse the full Report and in-depth TOC on Cryptocurrency Based Payment Card Market @ https://www.absolutemarketsinsights.com/reports/Global-Cryptocurrency-Based-Payment-Card-Market-2021—2029-1041
Here are some of the prominent companies that are present in the global cryptocurrency based payment card market:
- Baanx.com ltd.
- Binance
- bit2me.com
- Block Code Ltd (Plutus)
- BlockFi
- Coinbase
- Crypto.com
- Cryptopay Ltd.
- Gemini Trust Company, LLC.
- i2c Inc.
- Nuri GmbH
- Spectro Finance OÜ.
- Swipe
- Wirex Limited
- Other Market Participants
Absolute Markets Insights 420+ pages research study on Global Cryptocurrency Based Payment Card Market includes extensive information on the following pointers:
- Global Market size and forecast values (2015 – 2029), in terms of revenue (US$ Million) by segments/sub-segments; wherein 2015 to 2019 has been considered as historic years, 2020 as the base year, while 2021 to 2029 has been considered as the forecast period.
- Split of the market revenue (US$ Million) into all the relevant segments & sub-segments across all major regions/countries.
- Market Dynamics (Drivers, Restraints, Opportunities and Challenges)
- Market determinants and Influencing Factors
- Technological Trends
- Macro-Economic and Micro-Economic Indicators
- Global and Regional Impact of Covid-19 on Global Cryptocurrency Based Payment Card Market
- Porter’s Five Forces Analysis
- Competitive Benchmarking: Global Presence and Growth Strategies
- Mergers and Acquisitions
- R&D Initiatives
- Product Launches
- Investments Trends
- Market Share Analysis, 2020
- Detailed insights of major market participants operating in the market, including information on company details, company overview, product offerings, key developments, financial analysis, SWOT analysis and business strategies
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Global Cryptocurrency Based Payment Card Market
By Type
- Physical Cards
- Virtual Cards
By End Users
- Individuals
- Businesses
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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