According to Brandessence Market Research, Global Crypto Payment Gateway Market is expected to grow with the CAGR of 22.8% over the forecast period. Increasing adoption of cryptocurrencies broadly and growing investment in this field are some of the major factors driving the growth of the Global Crypto Payment Gateway Market.
Over the past year, Covid-19 has dramatically accelerated the wave of online fraud. Most businesses are now operating Crypto Payment, at least partly online, providing a perfect landscape for attackers seeking to harvest and exploit valuable data. It is not surprising to learn that identity fraud has had the greatest impact on financial services, followed by professional services. It is understandable that as the number of sensitive information passed online has increased, so has the number of attackers trying to block it. For this, many crypto payments gateway players in the market have offered various facilities to the customers which have received a huge response from the customers in the Covid-19 era.
Scope of Crypto Payment Gateway Market Report:
Cryptocurrency Payment Gateway is a dynamic payment processing infrastructure that allows merchants and providers to accept payments across different cryptocurrencies while ensuring security. Using this service, users can transfer money directly from one wallet to another. In addition to their main functions, these payment gateways are responsible for securely distributing the payment’s sensitive wallet-related data to the merchant’s software. This payment network is commonly used by businesses of all sizes as they search for the most profitable, secure, and fast payment methods. Furthermore, the blockchain ecosystem underscores the crypto payment gateway, which provides record-breaking and transaction transparency. And, the decentralized structure of blockchain eliminates intermediaries such as banks from the payment process, speeds up transactions, and slows down the payment processing process. Finally, the system encourages more people to use digital currencies and adds to the growing popularity of decentralized gateways.
Key Players of Global Crypto Payment Gateway Market Report:
- Bitcoin Foundation