This article will give you an overview of Crypto Payments over the 2020/21 period.

Key Takeaways

Cryptocurrencies have experienced tremendous growth. The transaction value of BTC surpassed Paypal in 2020, and ETH also experienced a rapid increase.
In general, there are three types of crypto payment gateways: Off-Chain payment, On-Chain (Layer 1) payment, and On-Chain (Layer 2) payment.
Crypto.com, BitPay, and Coinbase Commerce offer two kinds of crypto payment products: payment gateway and prepaid card. Besides fintech players, traditional financial institutions have also started to build crypto payment networks, such as JPMorgan.
Prepaid/gift cards and VPN/hosting industries accept the most cryptocurrency.
The number of crypto users hits 106 million in January and 125 million in February this year, signalling a new era for crypto adoption.
Both BTC and ETH transaction values have reached ATH this year and surpassed the peak of the 2017 bull market significantly. in 2020 Bitcoin transaction volume reached $1 trillion and surpassed PalPal’s 936 billion.
Crypto payment volume ranged from $15.66 billion to 16.52 billion by rough estimation. Crypto payment adoption still has a long way to go.

Read the full PDF version of the Crypto Payment Overview 2020/21 here.

10 Aug 2021|RESEARCH

Crypto Payment Overview 2020/21

This article will give you an overview of Crypto Payments over the 2020/21 period.

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