Cryptocurrency will grow to be a $1.4 billion industry by 2024, according to a recent report from MarketsandMarkets. The research group predicts that the digital assets space will experience 6.18% annual growth.

Increasing distributed ledger technology (DLT) transparency, high remittances in developing countries, fluctuations in monetary regulations, and growth in venture capital investments will be the driving forces behind this growth.

Published earlier this month, the report is titled “Cryptocurrency Market by Offering (Hardware: GPU, FPGA, ASIC, & Wallet, and Software), Process (Mining and Transaction), Type, Application (Trading, Remittance, Payment: Peer-to-Peer Payment, Ecommerce, and Retail), and Geography – Global Forecast to 2024….

This article appeared first on Cryptovest

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