What is Bitcoin Payment EcosystemMarket?
Bitcoin payment ecosystem is a comprehensive payment mechanism using the bitcoin crypto currency. The bitcoin payment ecosystem can used for applications such as decentralized identity and organization, Trading marketplaces, and consumer wallets among others. The bitcoin currency which is based on the Blockchain technology is rising in popularity has been major factor attributed for the growth of the bitcoin payment ecosystem. The decentralised factor of bitcoin cypto currency is leading to surge in bitcoin trading all around the world. Although, global frauds related to bitcoin, as well as poor government policies and regulations has been major limiting factor for the growth of the bitcoin payment ecosystem. Geographically, North America has been the biggest market of bitcoin payment ecosystem.
Market Drivers
Growing Popularity of Blockchain Based and Decentralised Form of Currency and Democratization of Internet Based Services
Opportunities
Consumer Wallets can be Major Opportunity to Expand the Application of Bitcoin
The Players Covered in the Study are:
Mt.Gox (Japan), SecuX Technology (Taiwan), BitPay (United States), OKCoin, Inc. (United States), Payward, Inc., CoinDCX (India), Stripe (United States) and Butterfly Labs (United States)