Digital Asset Payment Industry Research Report

Key Takeaways 1. The global payment market continues to grow, with global payment market revenue expected to reach $2.7 trillion by 2023. Meanwhile, technological development has brought tech-backed players into the payment ecosystem, which may change the industry landscape; 2. The payment industry has obvious existing pain points, mainly including high payment fees, inefficient and costly cross-border transfers, poor interoperability between different networks, and security and privacy concerns under centralized institutional operating models, spurring practitioners to explore solutions; 3. The emergence of blockchain technology brings new perspectives to solving the payment industry's pain points.