According to the Market Statsville Group (MSG), the global crypto payment gateway market is estimated to grow at a CAGR of 21.4% from 2022 to 2030
According to the Market Statsville Group (MSG), the global crypto payment gateway market is estimated to grow at a CAGR of 21.4% from 2022 to 2030. Cryptocurrency payment gateway is a payment processing system or infrastructure that enables merchants and providers to accept payments across different cryptocurrencies while ensuring security. Cryptocurrency payment gateways are generally transaction facilitators between merchants and customers. Factors such as growing digital or online frauds, government initiatives to promote cryptocurrency, and others are driving the market’s growth over the forecasting period. However, lack of awareness across emerging economies will be a major restraining factor hampering market’s growth.
COVID-19 Impact on the Global Crypto Payment Gateway Market
COVID-19 positively impacted the market’s growth, as global lockdowns forced people to stay inside and work from home. The major market players operating in the cryptocurrency payment gateway market seek this as an opportunity to adopt various strategies to inform people regarding cryptocurrency. Further, they employed social media platforms to gain traction, as the online activities of every individual doubled during a pandemic. Also, various social influencers, online advertisements, and rewards offered by the crypto payment gateway application propel the market’s growth amid the pandemic.
Scope of the Global Crypto Payment Gateway Market
The study categorizes the crypto payment gateway market based on crypto currency type, type, application, and end-users, at the regional and global levels.
By Crypto Currency Type Outlook (Sales, USD Million, 2017-2030)
By Type Outlook (Sales, USD Million, 2017-2030)
By Application Outlook (Sales, USD Million, 2017-2030)
Online Entertainment Projects
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By End-Users Outlook (Sales, USD Million, 2017-2030)
By Region Outlook (Sales, USD Million, 2017-2030)
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Rest of South America
The Middle East & Africa
Rest of MEA
The bitcoin segment is projected to account for the largest market share, by cryptocurrency type
Based on type segment, the global crypto payment gateway market is divided into bitcoin, ethereum, tether, and binance coin. Among these segments, bitcoin accounts for the major market share of 2021. The growing demand for market exchange and consumer demand for diversified investments drive the segmental growth.
Asia Pacific accounts for the highest CAGR during the forecast period
Globally, Asia Pacific is estimated to hold the highest market share and is estimated to hold a major share over the forecasting period. The growth is attributed to the rising awareness among people regarding crypto investment, government initiatives, and the expansion of major market players in the region to gain more traction. Such factors are estimated to accelerate the market’s growth over the forecasting period.
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Global Crypto Payment Gateway Market Major Players