Cryptocurrency Payment Apps Market Size & Share by 2031
Cryptocurrency Payment Apps Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Report Coverage : by Type (Bitcoin, Ethereum, Litecoin, DAI, Ripple, Others), Payment Type (In-store Payments, Onlien Payments), Enduser (Individual, Business) and Geography
- Report Date : Jan 2026
- Report Code : TIPRE00042061
- Category : Banking, Financial Services, and Insurance
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
The Cryptocurrency Payment Apps Market size is expected to reach US$ 2,304.1 million by 2031 from US$ 554.6 million in 2024. The market is anticipated to register a CAGR of 18.0% during 2025–2031.
Cryptocurrency Payment Apps Market AnalysisA major force propelling growth in the market is the global acceptance of cryptocurrencies. The decentralized nature of blockchain is driving users to utilize cryptocurrency payment platforms because cryptocurrencies eliminate the need to use banks and other third-party services in the payment process; this results in reduced processing time and increased transaction speed, increasing the excitement surrounding cryptocurrency payment platforms. User acceptance of cryptocurrencies as an investment option is also benefiting the cryptocurrency payment apps market, especially the millennial-age demographic.
Cryptocurrency Payment Apps Market OverviewThe increasing uptake of mobile payments and advancements in cybersecurity are also driving market growth. Cryptocurrency payment applications use biometric authentication, multi-signature wallets, and dedicated hardware security modules to provide greater transaction protection. Together with the continued rise in global smartphone penetration, especially in developing economies, these innovations will make digital asset payments much more accessible and secure to a growing pool of users. Additionally, ongoing developments to improve the consumer’s experience in the blockchain space are expected to generate a positive outlook for the market.
Strategic Insights
Cryptocurrency Payment Apps Market Drivers and OpportunitiesMarket Drivers:
- Consumer and Merchant Adoption: Rapid growth in cryptocurrency holders globally fuels demand for payment apps. Merchants seek crypto payment options to attract crypto-native consumers, reduce costly traditional fees, and enable faster settlements. This acceptance drives mainstream use, making digital currencies spendable beyond speculative holding, expanding market reach, and usability.
- Advances in Technology: The improvements being made in blockchain technology via Layer 2 scaling solutions like the Lightning Network are resulting in increased transaction speed and decreased transaction cost. Increased cryptographic security, better user interfaces for applications, and ease of use are building the trust necessary for retailers and consumers looking for efficient and safe payment systems.
- Regulatory Clarity and Stablecoins: Increasingly developed regulatory frameworks across jurisdictions provide businesses with confidence to accept and implement cryptocurrency payments. The emergence of stablecoins tied to fiat currencies mitigates volatility risk within transactions that make cryptocurrency payments practical for everyday commerce and cross-border remittances, and results in broader acceptance and market expansion.
Market Opportunities:
- Integration with Traditional Financial Systems: The integration of cryptocurrency payment apps with traditional financial systems presents substantial opportunities. Working with traditional financial institutions to facilitate the transition to using cryptocurrencies from fiat allows users to access and use them with confidence. Integrating with traditional payment systems also encourages adoption for users who feel comfortable with traditional banking products.
- Expansion in Emerging Markets: Emerging markets represent as-yet unconsidered areas for cryptocurrency payment apps. In regions with limited banking services and access to banking institutions, digital currencies create an opportunity for financial inclusion. Cryptocurrency payment apps can leverage emerging markets by providing safe and effective payment methods, stimulating financial participation, and economic growth.
- Integration with E-commerce and SMEs: The increased uptake of cryptocurrency payment gateways in e-commerce platforms (mainstream) and in small to medium enterprises (SMEs) creates substantial opportunities. This trend supports global market expansion by providing merchants and consumers with seamless, secure, and cost-effective ways to transact using cryptocurrencies, reducing reliance on traditional payment systems and expanding use cases.
The cryptocurrency payment apps market share is analyzed across various segments to provide a clearer understanding of its structure, growth potential, and emerging trends. Below is the standard segmentation approach used in most industry reports:
By Cryptocurrency Type:
- Bitcoin: The initial and most commonly recognized cryptocurrency, recognized for its security and decentralized technology.
- Ethereum: Recognized for its functionality in smart contracts and decentralized applications (dApps), it opens the door to many different digital transactions.
- Litecoin: Often called the silver to Bitcoin’s gold, it has a shorter confirmation time and a different hashing algorithm.
- Ripple: Designed for fast and low-cost international payments, often used in banks and financial institutions.
- Stablecoins (e.g., USDT, DAI): Cryptocurrencies that are tied to stable assets (like the US dollar) limit volatility, which makes them appropriate for transactions.
- Others: Including newer cryptocurrencies or niche cryptocurrencies that are emerging in the market.
By Payment Type:
- In-Store Payments: Transactions are conducted at physical retail locations using QR codes or Near Field Communication (NFC) technology.
- Online Payments: Digital purchases are made through e-commerce using a crypto wallet or crypto payment gateway.
By Platform Type:
- Android: Cryptocurrency payment applications intended for use on Android devices are available to a large number of users.
- iOS: Apps designed for Apple's iOS devices, focusing on security and user experience.
- Others: Applications are available through web browsers or available for desktop platforms for greater accessibility.
By End User:
- Individuals: Consumers are using cryptocurrency as a form of payment or for investment or remittance purposes.
- Businesses: Merchants and enterprises are accepting cryptocurrency as a form of payment for goods and services.
By Geography:
- North America
- Europe
- Asia-Pacific
- South & Central America
- Middle East & Africa
Market Report Scope
Cryptocurrency Payment Apps Market Share Analysis by GeographyNorth America dominated the cryptocurrency payment apps industry and accounted for a share in 2024. The presence of several prominent players in the region stimulates market growth. The Asia Pacific cryptocurrency payment apps industry is expected to grow during the forecast period. The growth is attributable to the rapid technological advancements and growing acceptance of digital currency across the region.
The cryptocurrency payment apps market shows a different growth trajectory in each region due to factors such as advanced smart technology, urbanization, intelligent traffic systems, and real-time information initiatives. Below is a summary of market share and trends by region:
1. North America
- Market Share: Holds the highest market share, leading in adoption due to technological infrastructure and regulatory clarity.
- Key Drivers: Early adoption of digital currencies, advanced technological infrastructure, and a mature financial ecosystem.
- Trends: Integration of cryptocurrencies into mainstream payment systems, with companies like PayPal and Coinbase leading the way.
2. Europe
- Market Share: The growth of this region is due to strong regulatory frameworks and increasing merchant acceptance, driving growth.
- Key Drivers: Progressive regulatory frameworks, high volume of cross-border trade, and increasing adoption in financial services.
- Trends: Growing collaborations between banks and blockchain companies, fostering seamless integration of digital currencies into mainstream financial systems.
3. Asia Pacific
- Market Share: The fastest-growing regional market driven by rapid technological advancements and growing acceptance of digital currency across the region.
- Key Drivers:
- High mobile payment penetration, supportive regulatory frameworks in countries like Japan, Singapore, and South Korea, and growing interest in decentralized finance solutions.
- Trends: Expansion of cryptocurrency acceptance among merchants and the rise of crypto-based remittances.
4. South and Central America
- Market Share: Emerging region propelled by financial inclusion needs and unstable local economies.
- Key Drivers: Economic instability, inflation, and the need for alternative financial systems.
- Trends: Integration of stablecoin-powered remittance technology into mobile banking apps, enabling cross-border transfers in under 20 seconds for a flat fee.
5. Middle East and Africa
- Market Share: The region’s financial ecosystem benefits from low-cost, instant crypto transactions and growing integration of crypto wallets.
- Key Drivers: Growth is driven by rising consumer interest in decentralized finance, increased merchant acceptance, and advances in mobile payment infrastructure.
- Trends: Increasing small-value transactions, expanding B2B segments, and growing integration of AI-based fraud detection and NFC-enabled payments.
The cryptocurrency payment apps market is witnessing intensified competition due to the presence of major global technology providers alongside emerging niche players and specialized startups. Companies are actively innovating to strengthen their market position and meet the growing demand for intelligent decision-making platforms across industries.
The competitive landscape is driving vendors to differentiate through:
- Companies place a premium on improving transaction time, increasing safety through sophisticated encryption, and implementing approachable interfaces.
- Partnerships with banks and firms will accelerate the adoption of digital currency and improve settlement times.
- As regulators change the focus of the regulations, businesses will separate themselves by having the compliance of regional regulations and improved transparency.
Opportunities and Strategic Moves
- Firms can capitalize on increasing merchant demand for crypto payment options at digital and physical points of sale, facilitating faster, cross-border transactions with lower costs.
- These provide currency stability, reducing volatility risks, encouraging mainstream adoption for everyday payments and remittances.
- Vendors can innovate with Layer 2 scalability, biometric security, AI-based fraud detection, and multi-currency wallet support to enhance usability and security, driving broader adoption.
- Binance Pay
- Coinbase
- BitPay
- NOWPayments
- MoonPay
- Crypto.com Pay
- CoinJar UK Limited
- Binance
- SecuX Technology Inc
- Paytomat
Disclaimer: The companies listed above are not ranked in any particular order.
Cryptocurrency Payment Apps Market News and Recent Developments- As an example, on October 16, 2025, MoonPay, a global leader in cryptocurrency payments, has just announced the launch of MoonPay Commerce, the fastest and easiest way for merchants, creators, and developers to accept cryptocurrency payments anywhere in the world.
- On September 29, 2025, Crypto.com and Sharps Technology, Inc. announced that STSS has expanded its digital asset treasury strategy with Crypto.com services for its holdings.
- On May 20, 2025, Binance, the world's biggest cryptocurrency platform by trading volume and number of users, is now integrated into Brazil's Pix system for its payment service, Binance Pay, which allows for instant payment in local currency and for cryptocurrencies as well as transfers to anyone or a merchant across Latin America's largest country, Brazil.
- For instance, on May 07, 2025, Bhutan and Binance Pay partner to launch the world's first national-level crypto tourism payment system.
- BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, has partnered with MoonPay, the world's leading Web3 infrastructure company, to provide BitPay users with significantly increased ways to buy cryptocurrency instantly and at great rates.
The "Cryptocurrency Payment Apps Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Cryptocurrency Payment Apps Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Cryptocurrency Payment Apps Market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Cryptocurrency Payment Apps Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the Cryptocurrency Payment Apps Market. Detailed company profiles
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Trends include AI-driven security, DeFi integration, multi-currency support, global merchant adoption, and enhanced user experience.
Key factors that are driving the cryptocurrency payment apps market growth include the increasing number of cryptocurrency holders and the rising acceptance of digital currencies.
Challenges include regulatory uncertainties, cryptocurrency volatility, security risks, and limited mainstream adoption in some regions.
In 2024, North America led the cryptocurrency payment apps market share. The region’s growth is driven by the presence of multiple key players. Additionally, partnerships and initiatives by several companies to promote cryptocurrency payment adoption are anticipated to generate further opportunities for market expansion.
Businesses can accept global payments instantly, reduce transaction fees, attract tech-savvy consumers, and gain a competitive advantage through modern payment options.
Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.
Absolutely - analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.
Once your order is successfully placed, you will receive a confirmation email along with your invoice.
• For published reports: You'll receive access to the report within 4-6 working hours via a secured email sent to your email.
• For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.
We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we'll be happy to provide a customized proposal or scope.
The report is available in either PDF format or as an Excel dataset, depending on the license you choose.
The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
Please review the license options at checkout or contact us to confirm which formats are included with your purchase.
Our payment process is fully secure and PCI-DSS compliant.
We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
You can make your purchase with confidence, knowing your personal and financial information is safe with us.
Yes, we do offer special pricing for bulk purchases.
If you're interested in purchasing multiple reports, we're happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you're considering, and we'll share a personalized quote.
Yes, absolutely.
Our team is available to help you make an informed decision. Whether you have questions about the report's scope, methodology, customization options, or which license suits you best, we're here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.
Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we'll be happy to assist.
Yes, certainly.
If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we'll ensure the issue is resolved quickly so you can access your report without interruption.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For