Executive Summary

Cryptocurrencies are now a mainstream—albeit volatile—investment tool. But blockchain-based payments are just beginning to catch on. Over the coming years, we expect growing use of cryptos for retail, cross-border remittances, and B2B payments. Incumbent banks and payment networks must carefully weigh crypto opportunities against risks to ride the crypto wave—without getting swept up in the crash.

3 KEY QUESTIONS THIS REPORT WILL ANSWER

1. What’s driving growth in the number of US crypto payment users and global crypto payment transaction value?
2. How are crypto payment trends affecting legacy payments players’ revenues, competitive positioning, and performance?
3. How can banks and payment networks leverage these trends to benefit from crypto payment volume growth?

WHAT’S IN THIS REPORT? We explore what’s driving and inhibiting the growth of crypto payments in the US, dive into top use cases, and show how payments incumbents can prepare for this new era of payments.

KEY STAT: Consumers ages 25–34 will comprise one-third of all US cryptocurrency owners in 2022, per our forecast—a key demographic for crypto payment providers to target.