DUBLIN, May 24, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Digital Coin Market 2016-2020" report to their offering.
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The report forecasts the Global Digital Coin Market to grow at a CAGR of 7.33% during the period 2016-2020.
Online transaction using digital coins is one of the fastest ways of sending or receiving money as the transaction is not subject to any government intervention, charge-backs, or central bank regulations.
A noteworthy trend in the digital coin market is the huge capital investments in digital coin start-ups. A large number of venture capital firms supported digitalcoin start-ups, especially in countries like France and Switzerland, in 2015. Many venture capital firms invested seed capital in digitalcoin firms during their start-up stage. The total funding by venture capital stood at an estimated $670 billion. The market remained stable in the third quarter of 2015, though a decline in capital investments followed, compared to the first two-quarters of the same year.
According to the report, a key driver of growth is the low transaction costs associated with digital currency. The United Nations recognizes digital currency as a legal tender that runs day and night in 45 national currencies. Technology companies, including Alpha Point, are supporting digital currency exchanges. This is helping many financial institutions access order routing to the digital currency market. The top vendors are trying to leverage the digital currencies to ease the streamlining of international transfer. This will also help investors in the foreign exchange market to participate actively without incurring huge transaction costs
Further, the report states that one challenge that could hamper market growth is regulatory issues. Government bodies are very likely to propose rules to regulate digital currency exchanges and wallet providers.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Global market outlook
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/xglvr7/global_digital
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SOURCE Research and Markets