PUBLISHER: Allied Market Research | PRODUCT CODE: 1239559
PUBLISHER: Allied Market Research | PRODUCT CODE: 1239559
A crypto payment gateway is a payment processor for virtual currencies, similar to payment processors, gateways, and acquiring bank credit cards work. With the use of crypto gateways, users can take digital payments and get fiat money in return. Further, payment gateways companies taking on the perceived risk of cryptocurrency payments by using their wallet(s) to facilitate transactions between merchants and their customers.
The growth of the crypto payment gateway market is fueled by the growing adoption of cryptocurrencies globally. In addition, it reduces the processing time and accelerates the transaction speed of providing convenient payment to users. However, the market's expansion is likely to be hampered by the instability of the payment gateway software and lack of awareness about the benefits offered by cryptocurrency payment apps. In contrast, rise of technological advancement and increasing adoption of cloud-based trading software is likely to offer significant chances for the growth of the crypto payment gateway in the coming years.
The crypto payment gateway market is segmented into type, application, operating system, end user and region. By type, the market is differentiated into web-based and mobile-based. By application, it is segmented into iGaming, e-stores, and others. Depending on operating system, it is fragmented into android, iOS and others. By end user, the market is differentiated into individual and business. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The crypto payment gateway market analysis includes top companies operating in the market such as Apirone OU, Binance, BitPay, Circle Internet Financial Limited, Coinbase, Coinomi, Coinremitter, Cryptopay Ltd., NVIDIA Corporation, and SecuX Technology Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the crypto payment gateway industry.