Dublin, Aug. 22, 2025 (GLOBE NEWSWIRE) — The report titled “Cryptocurrency Payment Apps Market Size, Share & Trends Analysis Report By Cryptocurrency Type (Bitcoin, Ethereum), By Payment Type, By Type, By End User, By Region, And Segment Forecasts, 2025 – 2033” has been included in ResearchAndMarkets.com’s offerings.
The global market for cryptocurrency payment apps was valued at approximately USD 556.9 million in 2024 and is anticipated to grow to USD 2.40 billion by 2033, reflecting a compound annual growth rate (CAGR) of 17.8% from 2025 to 2033. The rise of Web3 and blockchain technology has heightened the demand for these apps, enabling easier transactions for users.
The increasing acceptance of cryptocurrencies worldwide is a major factor driving market growth. The decentralized nature of blockchain technology eliminates intermediaries like banks, leading to faster transaction speeds and reduced processing times. This has encouraged wider adoption of cryptocurrency payment platforms, particularly among millennials who view cryptocurrencies as viable investment options.
A significant trend transforming the market is the growing interoperability between cryptocurrency payment applications and traditional banking systems. Users can now easily convert digital currencies to fiat and make direct transfers to bank accounts, which facilitates a smoother integration for those hesitant to fully embrace decentralized finance (DeFi). This blending of financial systems is crucial to the growth of the market.
Additionally, the increasing use of mobile payments and advancements in cybersecurity are further driving market expansion. Cryptocurrency payment applications are adopting enhanced security measures, including biometric authentication and multi-signature wallets, making transactions safer. As smartphone usage rises globally—especially in developing regions—these innovations are making digital asset payments more accessible and secure.
While the expansion of the DeFi and Web3 ecosystem significantly benefits cryptocurrency payment apps, a lack of awareness and skepticism regarding the reliability of these apps may hinder market growth in the coming years. The absence of centralized regulation raises concerns about trust, but efforts by key players in the market aim to address these challenges.
Global Cryptocurrency Payment Apps Market Report Segmentation
This report provides a revenue growth forecast at global, regional, and national levels, alongside an analysis of industry trends within sub-segments from 2021 to 2033. The report categorizes the global cryptocurrency payment apps market by cryptocurrency type, payment type, app type, end user, and geographical region.
