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Mobile Payment Market May Hit $4.6 Trillion by 2023

The mobile payment market will reach levels of more than $ 4.6 trillion by 2025. These are the conclusions of an interesting research survey. in view of the market moments, a major companies in this area have enabled or plan to enable cryptocurrency based payments.
The payment for goods or services or exchange of money has been surging from the smartphone and other mobile devices market.
The allied market research study concludes that the sms message related is the part that will grow most .“The SMS segment dominated the mobile payment industry in 2016 and is anticipated to grow at a rate of 33.5% during the forecast period.”
Although the mobile payment market is still in the maturity phase, customers quickly appreciate how easy it is to pay with these devices. As a result, mobile phones are now more used than credit cards. Also, probably bitcoin can replace fiat ‘s money in the future. In effect, companies which dominate the mobile payment market today are already focused on introducing bitcoin and other cryptocurrencies for payment purposes.
Since Square, Inc. added trading features in its payment app, the value of its stock s skyrocketed to a price of more than  $100 per share.
square cryptocurrencies management remain positive about the penetration of bitcoin and other cryptocurrencies into the mobile market. Therefore, the company needs to increase his efforts to expand the use of these tools. For example, last August, the company tweeted that it was expanding its service to all 50 states.
On September 22, 2017, Square obtained approval from the U.S. Patent and Trademark Office (USPTO) for a new payment method patent that would allow merchants to accept any currency, including crypto ones. According to the filing document: “The disclosed technology addresses the need in the art for a payment service capable of accepting a greater diversity of currencies…including virtual currencies including cryptocurrencies (bitcoin, ether, etc.)
Similarly, Mastercard scored a patent for a method of speeding transactions through cryptocurrency operations , according to the document published in july 2018.
Glance Technologies will also be able to enable payments with bitcoin. According to a press release, the new feature will enable Glance users to pay with their wallet paired with their cryptocurrency account. Glance is located in Canada and plans to do this for the end of the fiscal year.

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