- Excluding exchange on-ramping and off-ramping volumes, crypto payment volumes are only 0.2% of global digital commerce today, though we estimate that these crypto commerce payments are growing at rates well in excess of 100% (possibly even 200-300%). We expect this rate of growth in crypto commerce to continue.
- Leading e-commerce PSPs (e.g., Nuvei, Worldpay, Checkout) are positioning to benefit from this growth by acquiring and building capabilities beyond just enabling fiat purchases of crypto currencies. Other payments ecosystem actors such as Square, PayPal, Visa, and MasterCard are also playing large bets to benefit from the growth in crypto commerce.
- We expect continue investment and M&A into crypto-focused fintechs, despite the markets native valuation volatility.
INFOGRAPHIC: Development of C2B Crypto Commerce
Please do not hesitate to contact Rom Mascetti Rom@FlagshipAP.com, or Anupam Majumdar Anupam@FlagshipAP.com with comments or questions.