The value of digital currencies increased during the past several years mostly as a result of an increase in transaction volumes, particularly for BTC. Over the projected period, a sizable untapped potential base in the payment Cryptocurrency Market is anticipated to improve development possibilities. BTC earned revenues of about US$ 130 billion in 2016, however it is anticipated that transaction volumes in this particular category would significantly increase in the near future. However, Paypal reported a volume of over US$ 735 billion in 2016, while Western Union reported volumes that were over US$ 730 billion, or around 4.61% larger than Bitcoin. Therefore, it can be concluded that the total use of digital assets as a form of payment is still in its infancy and has promising future prospects.
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