Description

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)

• Bitcoin
• Ethereum
• Tether
• Binance Coin
• Others

By Type Outlook (Sales, USD Million, 2017-2030)

• Web-based
• Mobile-based

By Application Outlook (Sales, USD Million, 2017-2030)

• iGaming
• Online Entertainment Projects
• E-stores
• Others

By End-Users Outlook (Sales, USD Million, 2017-2030)

• SMEs
• Large Enterprises

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • the Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern 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.

Global Crypto Payment Gateway Market Major Players

• Coinbase
• Paypal
• Coingate
• Coinsetter
• BitPay
• Avalon
• BitcoinX
• Nvidia
• ATI
• Bitcoin Foundation
• Spectrocoin
• CoinPayments
• Blockonomics

Recent Developments

• In March 2022, Basqet, an African Crypto Startup, launched a Payment Gateway to enable Businesses Accept Bitcoin.
• In Novemeber 2021, PayCEC launched Cryptocurrency Payment Gateway and SEPA Transfers Acceptance. It enables merchants or providers to accept payments in different cryptocurrencies. Additionally, Single Euro Payments Area (SEPA) Transfer Acceptance to enable faster funds transfers within the Eurozone.
• In October 2021, BitPay Partnered with Wix enabling Wix merchants to accept crypto payments. This will contribute to the growth of the company’s customer base.
• In March 2021, Bitfinex launched Bitfinex Pay, a cryptocurrency payment gateway for merchants. Bitfinex Pay enables merchants to accept various cryptocurrencies; thereby company enhances its offering in the cryptocurrency payment gateway industry.  

Key Issues Addressed

• What is the market size by various segmentation of the crypto payment gateway by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the crypto payment gateway market?
• What are the key opportunities and trends for manufacturers involved in the crypto payment gateway supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of crypto payment gateway in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.