Online payment solution development continues to evolve. To date, blockchain has had a mixed impact across payments and banking, but the rise of Stablecoin and Central Bank Digital Currency (CBDC) will accelerate the impact. Fundamentally, Stablecoins and CBDCs are two ways of solving the same inherent problem -- how to offer a better and more trusted digital payments solution. To date, most existing payment types have been designed around traditional systems intended for in-person or telephone payments, such as credit cards, or even cash. Therefore, Stablecoins and CBDCs are providing a system that's a significant payment use case transformation. Digital Payment Market Development According to the latest worldwide market study by Juniper Research, the value of payments via CBDCs will reach $213 billion annually by 2030 -- that's up from just $100 million in 2023. However, this significant market growth opportunity of over 260,000 percent reflects the early stage of the sector,...
TMT Market Research and Analysis