Public Blockchains and Digital Payments Poised for Growth Amid COVID Disruptions and Cost-Cutting Promises

COVID-19 disruptions and promise to cut costs set stage for digital finance growth

Public blockchain segment dominates market share

Bitcoin and Ethereum use public blockchains

Public blockchains can maintain large financial transaction records

Cross-border payments and trading are largest application segments

Driven by demand from individuals, businesses, and groups

North America led adoption in 2022, expected to continue lead

Industry poised to grow into $79.3B market by 2032

Growth based on cheaper, safer alternatives to traditional finance