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Research By Cointelegraph: Global Bitcoin payments market to reach $3.7B by 2031


Research: The global Bitcoin payments market is expected to reach $3.7B in 2031

The global (BTC) payments market will reach $3.7 billion by 2031, registering a compound annual growth rate (CAGR) of 16.3% from 2022 to 2031, with private keys and hardware driving the sector expansion, Allied Market Research forecasted in a report published on Oct. 24.

According to the report, the key factors driving growth in the sector over the next years are the operational demand for efficiency in payments systems and transparency, as well as data security services growth, and a surge of demand for remittances from emerging economies. The report also contains other important information. :