RATE Group | Trading, Remittance, and Payment Applications to Drive Market Growth
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Trading, Remittance, and Payment Applications to Drive Market Growth

01 Nov Trading, Remittance, and Payment Applications to Drive Market Growth

Posted at 13:10h in Cryptocurrency News by

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DUBLIN, Nov 1, 2018 /PRNewswire/ —

The “Cryptocurrency Market by Offering, Type, Application, and Geography – Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

The overall cryptocurrency market is projected to reach USD 1.40 billion by 2024, at a CAGR of 6.18% during 2019-2024.

Based on process, the cryptocurrency market has been segmented into mining and transaction. In the mining process, there is a greater requirement for hardware compared with the transaction process. Therefore, the market for hardware for mining process is larger than that for software. Furthermore, a miner can take part in this process with a small investment.

In addition, the major hardware vendors such as NVIDIA, Intel, and AMD have started offering mining hardware. Moreover, many start-ups such as Bitfury, GateHub (UK), and Bitmine provide application-specific hardware solutions for cryptocurrency mining. The booming venture capital market for…

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