Global Blockchain and Cryptocurrency Market Report 2021: As Covid-19 Lingers, Major Online Retail and Payments Players are Opting for Blockchain Technology
DUBLIN, April 7, 2021 /PRNewswire/ -- The "Global Blockchain and Cryptocurrency Market 2021" report has been added to ResearchAndMarkets.com's offering.
The "Global Blockchain and Cryptocurrency Market 2021" reveals continuing interest of online retail and payments major global players in cryptocurrency and blockchain-based technology. The publication indicates also that developing countries are leading the market.
Cryptocurrency is gaining momentum globally, with developing markets setting the trends
The report cites studies showing that by 2030, blockchain technology is expected to be a significant contributor to the global GDP, lifting it up by close to USD 2 trillion. Meanwhile, if the situation as at present, developing countries will be setting the trends in cryptocurrency implementation and development.
Currently, Ukraine and Russia are leading the ranking of cryptocurrency adoption. Some African countries made it to the top ten despite their infrastructure challenges, and such Asian countries as China, Vietnam, India, Thailand, Pakistan, are already among the top 20 countries by cryptocurrency adoption. Middle East is also catching up, despite the fact that many countries in the region still do not allow any activities connected to blockchain.
Globally, businesses and consumers are becoming more open to blockchain technology and cryptocurrency, so that for major online retail and payments players there was no choice left, to meet the demand.
As cited in this publication, Visa and Mastercard expand their offerings by incorporating blockchain in different forms, PayPal announced intention to expand its cryptocurrency capabilities, Amazon and Apple are to introduce their digital currency projects, and Square, which was the first public company to allow transactions of Bitcoins via its Cash App, has made serious investments in this area.
All in all, despite these large companies being increasingly active with Blockchain, the market is likely to see many newcomers in the near future.
Banks Activity and Trends
For more information about this report visit https://www.researchandmarkets.com/r/y6qhzp
Research and Markets
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