Global Bitcoin payments market projected to reach $3.7B by 2031

The global Bitcoin payments market will reach $3.7 billion by 2031, registering a compound annual growth rate (CAGR) of 16.3% from 2022 to 2031, Allied Market Research forecasted in a report published on Oct. 24.

According to the document, operational demand for efficiency and transparency in payments systems, along with data security services growth and a surge in demand for remittances in emerging economies, are among the major factors supporting growth in the sector in the coming years.