The B2B digital payment market’s value could reach $27.8T by 2032, with AI and blockchain technology paving the way for safer and faster transactions.
As the digitization of global transactions grows exponentially, we can expect crypto wallets like Best Wallet and its Best Wallet Token ($BEST) to capitalize on this development.
B2B Digital Payments: Answering the Call for Fast and Secure Transactions
Consulting company SNS Insider revealed in its report that it expects the B2B digital payment market to expand from $8T in 2024 to as much as $27.8T by 2032, translating to a compound annual growth rate (CAGR) of 16.79%.
The increasing demand for fast, secure, and transparent means of transactions in digital commerce and digital remittances will drive this growth worldwide.
S&N Insider projects that North America will register the fastest CAGR from now until 2032, with Canada potentially leading the increase in B2B digital payments in the region.
But the digitization of B2B payments also comes with risks, such as data breaches, phishing, fraud, and ransomware. This is where AI and blockchain technology will come into play.
According to the report, AI can help detect fraud, speed up the invoicing process, and personalize payment experiences. Meanwhile, blockchain will allow for the creation of transaction records that are secure, transparent, and permanent.
Growing Adoption of Digital Payments Benefits Best Wallet
The adoption of digital payments for B2B transactions will naturally spill over to the consumer space as well. While a lot of people use online banking and other online payment platforms every day, demand for crypto payment services is sure to grow, too.
This, in turn, will boost the need for crypto wallets. Aiming to grab a huge chunk of the market by 2026, Best Wallet is making waves with its mobile-based, non-custodial crypto wallet.
It’s available for both iOS and Android devices, making it ideal for those looking for convenience. With the app installed on your phone, you no longer need to carry a separate device for storing your crypto and using it for your everyday transactions.
As a non-custodial wallet, Best Wallet ensures that only you have access to your private keys. This is crucial because these keys are used to sign your transactions and prove ownership of your crypto.
While crypto storage is its main selling point, Best Wallet offers other features too. You can use it to manage your portfolio, as well as swap, trade, and buy crypto. You can even join the best crypto presales via its Token Launchpad.
To get the most out of these features, get its native Best Wallet Token ($BEST). You’ll enjoy exclusive perks, like reduced transaction fees, higher staking rewards, early access to presales, and the ability to vote on key decisions within the Best Wallet ecosystem.
You can also choose to stake your $BEST tokens after you purchase them. The team currently offers a reward rate of 93% p.a., a compelling incentive to support the project.
Each token costs just $0.025435, which gives you an affordable way to invest in the growth of the crypto market. You can go to its official presale page to buy yours now, or check out our Best Wallet Token buying guide for more details.
But act quickly, as the token’s price will increase tomorrow.
To learn more about the presale, read the Best Wallet Token whitepaper.
There’s No Turning Back—Digital Payments are Here
As digital payments offer a fast and safe way to transfer funds, it will only be a matter of time before all businesses fully embrace them. Blockchain technology will play an important role, too, as it adds a layer of transparency to transactions.
Of course, these developments will have an impact on consumer payments too, which is where Best Wallet comes in. As a user-friendly and secure mobile crypto wallet, it’s well-positioned to capture a share of the growing crypto wallet market, boosting the value of its Best Wallet Token ($BEST).
Disclaimer: Do your own research before you invest. This is not investment advice.
