BANGALORE, India, March 17, 2020 /PRNewswire/ -- Digital Currency Market is expected to witness significant adoption due to advantages like low transaction fees, fraud protection, and simple international payments.
Digital currency is a cash balance electronically registered on a stored-value card or other devices. It exhibits similar properties to physical currencies, but it can allow instant transactions and borderless transfer of ownership. Types include virtual currencies, tokens, and digital money at the central bank.
This report focuses on the global Digital Currency status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Digital Currency development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
Digital Currency Market segmented by following Regions/Countries:
- North America
- Southeast Asia
- Central & South America
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The key players covered in this report
- Rubix by Deloitte
- Distributed Ledger Technologies
- Nasdaq Linq
- Citi Bank
- Ant Financial
- JD Financial
- Qihoo 360
Digital Currency Market segmented by Type:-
- IT Solution
- Exchange and Others
Digital Currency Market segmented by Application:-
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The global Cryptocurrency market size in 2018 was 830 million dollars and is anticipated to grow exponentially by 2025, with an 5.25% CAGR in 2018-2025.
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A cryptocurrency exchange allows customers to trade cryptocurrencies or digital currencies for other assets, such as fiat money or other digital currencies.
The cryptocurrency exchange market is booming due to widespread adoption of cryptocurrency and due to advantages such as decentralization and the speed of currency transfers, the deflationary nature of the digital currency, and anonymity of transfers.
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A cryptocurrency hardware wallet is a special type of crypto wallet that keeps the personal keys of the user on a safe hardware device. The hardware wallet is created to eliminate the vulnerability of cryptocurrencies from experiencing a hack. The adoption of cryptocurrencies for real-world transactions is expected to drive the cryptocurrency hardware market.
The worldwide market for Cryptocurrency Hardware Wallet is estimated at USD 100 million in 2018 and is anticipated to achieve USD 8690 million by the end of 2024, increasing at a CAGR of 111.6% between 2019 and 2024.
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5. Virtual Currency (e-Money) Market
Virtual currency or virtual money, is a form of an unregulated digital currency issued and managed by its creators. Virtual currency is used and approved by members of a particular virtual group.
This report focuses on the global Virtual Currency (e-Money) status, future forecast, growth opportunity, key market, and key players. The study objectives are to present the Virtual Currency (e-Money) development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
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