Product Code: GVR-4-68039-970-7
Cryptocurrency Payment Apps Market Summary
The global cryptocurrency payment apps market size was estimated at USD 556.9 million in 2024 and is projected to reach USD 2,404.1 million by 2033, growing at a CAGR of 17.8% from 2025 to 2033. The emergence of Web3 and blockchain technology created the need for cryptocurrency payment apps to enable individuals to conduct seamless transactions.
The growing adoption of cryptocurrencies globally is the key driver for the market's expansion. People are encouraged to use cryptocurrency payment platforms owing to the decentralized nature of the blockchain, which eliminates mediators such as banks from the payment processing system. It reduces the processing time and accelerates the transaction speed, consequently adding to the increasing popularity of such platforms. In addition, the growing prevalence of cryptocurrencies as an investment option among millennials is also fueling the growth of the cryptocurrency payment apps industry.
One of the most transformative trends in the market is the increasing interoperability between crypto payment platforms and traditional banking systems. Crypto apps now allow users to seamlessly convert digital assets into fiat currencies and vice versa, enabling easier withdrawals, direct-to-bank transfers, and debit card functionalities. This fusion is bridging the gap between old and new financial infrastructures, encouraging a smoother transition for users hesitant to move entirely into decentralized finance (DeFi). Thus, increasing integration of cryptocurrency payment apps with traditional financial systems can be attributed to the market's growth.
The proliferation of mobile payment adoption and advancements in cybersecurity are further propelling the market. Cryptocurrency payment apps are leveraging biometric authentication, multi-signature wallets, and hardware-based security modules to enhance transaction safety. Coupled with the increasing global smartphone penetration, especially in emerging economies, these innovations are making digital asset payments more accessible and secure for a broader audience. In addition, the continual developments and innovations to enhance the consumer's experience in the blockchain space are expected to create a positive outlook for the market.
The expansion of the DeFi and Web3 ecosystem is playing a pivotal role in advancing cryptocurrency payment apps. However, a lack of awareness about the benefits offered by cryptocurrency payment apps is expected to restrain the growth of the market over the forecast period. In addition, the lack of trust among the users, as no centralized regulator is authenticating this transaction, is one of the major obstacles to the market's growth. However, the significant efforts taken by some of the market players are anticipated to establish market growth.
Global Cryptocurrency Payment Apps Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global cryptocurrency payment apps market report based on cryptocurrency type, payment type, type, end user, and region:
- Cryptocurrency Type Outlook (Revenue, USD Million, 2021 - 2033)
- Bitcoin
- Ethereum
- Litecoin
- DAI
- Ripple
- Others
- Payment Type Outlook (Revenue, USD Million, 2021 - 2033)
- In-Store Payment
- Online Payment
- Type Outlook (Revenue, USD Million, 2021 - 2033)
- Android
- iOS
- Others
- End User Outlook (Revenue, USD Million, 2021 - 2033)
- Individuals
- Businesses
- Regional Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- Europe
- Germany
- UK
- France
- Nordic Countries
- Asia Pacific
- Japan
- India
- South Korea
- Australia
- Latin America
- Middle East and Africa (MEA)
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Cryptocurrency Payment Apps Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Cryptocurrency Payment Apps Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
Chapter 4. Cryptocurrency Payment Apps Market: Cryptocurrency Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Cryptocurrency Payment Apps Market: Cryptocurrency Type Movement Analysis, 2024 & 2033 (USD Million)
- 4.3. Bitcoin
- 4.3.1. Bitcoin Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.4. Ethereum
- 4.4.1. Ethereum Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5. Litecoin
- 4.5.1. Litecoin Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.6. DAI
- 4.6.1. DAI Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.7. Ripple
- 4.7.1. Ripple Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.8. Others
- 4.8.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 5. Cryptocurrency Payment Apps Market: Payment Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Cryptocurrency Payment Apps Market: Payment Type Movement Analysis, 2024 & 2033 (USD Million)
- 5.3. In-Store Payment
- 5.3.1. In-Store Payment Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.4. Online Payment
- 5.4.1. Online Payment Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 6. Cryptocurrency Payment Apps Market: Type Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Cryptocurrency Payment Apps Market: Type Movement Analysis, 2024 & 2033 (USD Million)
- 6.3. Android
- 6.3.1. Android Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4. iOS
- 6.4.1. iOS Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.5. Others
- 6.5.1. Others Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 7. Cryptocurrency Payment Apps Market: End User Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Cryptocurrency Payment Apps Market: End User Movement Analysis, 2024 & 2033 (USD Million)
- 7.3. Individuals
- 7.3.1. Individuals Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 7.4. Businesses
- 7.4.1. Businesses Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 8. Cryptocurrency Payment Apps Market: Regional Estimates & Trend Analysis
- 8.1. Cryptocurrency Payment Apps Market Share, By Region, 2024 & 2033, USD Million
- 8.2. North America
- 8.2.1. North America Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD MILLION)
- 8.3.4. France
- 8.3.4.1. France Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.3.5. Nordic Countries
- 8.3.5.1. Nordic Countries Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.4.2. Japan
- 8.4.2.1. Japan Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.4.3. India
- 8.4.3.1. India Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.4.4. South Korea
- 8.4.4.1. South Korea Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.4.5. Australia
- 8.4.5.1. Australia Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.6.2. UAE
- 8.6.2.1. UAE Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.6.3. KSA
- 8.6.3.1. KSA Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Cryptocurrency Payment Apps Market Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles/Listing
- 9.4.1. Coinbase
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Strategic Initiatives
- 9.4.2. BitPay
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Strategic Initiatives
- 9.4.3. Coinomi
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Strategic Initiatives
- 9.4.4. Paytomat
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Strategic Initiatives
- 9.4.5. Apirone OU
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Strategic Initiatives
- 9.4.6. SecuX Technology Inc.
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Strategic Initiatives
- 9.4.7. Circle Internet Financial Limited
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Strategic Initiatives
- 9.4.8. Binance
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Strategic Initiatives
- 9.4.9. CoinJar UK Limited
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Strategic Initiatives
- 9.4.10. Cryptopay Ltd.
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Strategic Initiatives