Binance: Blockchain Payments Market to Expand by $53 Trillion by 2030
CryptoNewsTerminal Staff03 Sep, 2024
Binance: Blockchain Payments Market to Expand by $53 Trillion by 2030
The recent report by Binance Research titled "Blockchain Payments: The Next Leap" predicts a significant growth in the blockchain payments market. The report estimates that the market, currently valued at $39 trillion in 2023, is poised to reach $53 trillion by 2030. This growth is attributed to the potential of blockchain technology to reduce costs and enhance the speed of international payments. For individual consumers, payment platforms like Binance Pay have gained widespread adoption globally, facilitating seamless peer-to-peer transactions, cross-border remittances, and in-store crypto payments through its real-time payment feature. The report also highlights the transformative potential of blockchain payments in the B2B cross-border payments market. The report delves into various aspects of blockchain payments, including their current state, on/off ramps, benefits of blockchain-based payments, and their scalability and usability. It concludes by exploring the promising future of blockchain payments and their potential to shape the financial landscape.
