Comprehensive Analysis of the Web3 Payments Market: Growth Drivers and Opportunities

According to the study by Next Move Strategy Consulting, the global Web3 Payments Market size is predicted to reach USD 44.98 billion with a CAGR of 47.3% by 2030.

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The increasing demand for decentralized blockchain technologies is driving the expansion of the web3 payments market demand, as this technology enhances payment security, transparency, and cost efficiency by eliminating intermediaries and improving transaction effectiveness.

North America dominates the web3 payments market share at present and is expected to continue its dominance throughout the forecast period.

Various key players in the web3 payments industry includes Web3 Foundation, Helium Foundation, Ocean Protocol Foundation Ltd, Filecoin, Zel Technologies, Livepeer, Inc, Kadena LLC, Polygon Labs UI, Alchemy Insights, Inc, Binance and others.