Report: Global fintech blockchain market to reach $8.7 billion by 2026

[Report: The global fintech blockchain market will reach $8.7 billion by 2026] Jinse Finance reported that according to ResearchAndMarkets' "Fintech Blockchain - Global Market Trajectory and Analysis" report, amidst the COVID-19 crisis, the global The fintech blockchain market is estimated at USD 1.3 billion in 2022 and is projected to reach a revised size of USD 8.7 billion by 2026, growing at a CAGR of 44.8% during the analysis period.

The U.S. fintech blockchain market is estimated at $451.6 million by 2022. The country currently holds a 32.8% share of the global market. China, the second largest economy in the world, is expected to reach a market size of USD 874 million by 2026, growing at a CAGR of 52.6% throughout the analysis period.

The growth of the global fintech blockchain market can be attributed to factors such as growing consumer demand to own and invest in Bitcoin; increasing demand for cheaper and faster cross-border payment systems; and the ecosystem of the financial services industry better compatibility of systems; and escalating requirements for comprehensive security mechanisms. The market is likely to experience rapid growth during the pandemic as governments across the world set up fintech blockchain facilities.

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