Global Crypto Currency Market 2016 - 2020; New Report Launched

Cryptocurrency is a form of digital currency that is independent of any centralized bank. It is an encrypted code that can be transferred digitally using devices such as smartphones. Transactions using this currency are secure and easy unlike traditional card and cash purchases and do not require repetitive authentication. Most vendors and consumers are adopting cryptocurrency owing to the ease of transaction, which is one of the prime drivers for the cryptocurrency market.

The encrypted code assigned for the stores can be scanned through smartphones and cryptocurrency can be transferred from the digital wallet of a purchaser to the digital wallet of the storekeeper. Unlike card transactions, these transactions do not incur service charges from the bank and are instant.

The report covers the present scenario and the growth prospects of the global cryptocurrency market in terms of volume for 2016-2020. To calculate the total market capitalization, the report considers market capitalization of all cryptocurrencies present in the market.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, cryptocurrency can be transferred from one device to another in the form of a digitally encrypted code. This secures the transactions to a great extent and checks for multiple transactions. The transactions are simpler and safe because smartphones and other prevalent electronic devices can be used for them.

Further, the report states that cryptocurrency has attributes that can aid illegal businesses online.

Global Cryptocurrency Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Cryptocurrency Market: Bitcoin, Litecoin, Namecoin, Novacoin, Peercoin and Ripple.

Other Prominent Vendors in the market are: Bitshares, Bytecoin, Dogecoin, Feathercoin, Primecoin, Megacoin, Nxt, and Steller.

Market driver

• Ease of transaction
• For a full, detailed list, view our report

Market challenge

• Facilitates illegal businesses
• For a full, detailed list, view our report

Market trend

• Rival to banks
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 37 pages and 12 Exhibit “Global Crypto Currency Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis.

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