Top 7 Cryptocurrency Wallet Trends For 2022

A cryptocurrency wallet is a digital storage entity used to secure and transfer crypto tokens. As the crypto craze is heightening, the usage of wallets is increasing too. This has led to an increase in the need for cryptocurrency wallet development services. In the past few years, we have witnessed diverse solutions in the crypto market domain.

Gearing up to 2022, the introduction of more trends and technologies, here are the top 7 cryptocurrency wallet trends for 2022. Let’s look at them one by one-

1. Increasing Number of wallet users

Over the past two years, we have seen a large adoption of cryptocurrency. According to reports released through various sources, the total number of wallets is 36 million at this time and the number continues to rise. According to experts, the adoption of this technology will not stop and the number of crypto users will continue to increase.

As per the Crypto Market Expert and Data Aggregator Statista, the number of crypto wallet users has mushroomed in the last 3 years and this growth will become a manifold in the coming years.

2. NFC-enabled Wallet

NFC alias Near Field Communication is a technology that allows data to be transferred between wireless devices in real-time. This will certainly be a big trend in crypto wallets because it is empowering users in many ways by leveraging cryptocurrency wallet development services. This special function is achieved by configuring the smartcard interface into a device that results in a reduction in the transfer distance. It was introduced and used in the UK first but is now adopted throughout the world.

The use of technology has provided several impressive results to buyers and cryptocurrency sellers. This increases the efficiency of the entire exchange process. In addition, it makes the transfer of funds very easy compared to the regular methods practiced by wallet users. This solution functions from a smartphone that needs to be in the nearest area where you want to make payments. Since its arrival, the NFC wallet has gained popularity and it is hoped that all Crypto wallets will be activated with this technology in 2022.

3. Transnational Remittance

Transnational payments involve sending money or long-distance transactions that you do in other countries. At present, as the migration of skilled and unknown professionals is increasing, the number of transactions is growing extraordinarily. There are many developing countries whose large income discounts come from sending money to their migrant workers. However, carrying out such transactions with Fiat currency is not a very reasonable agreement because the cost is very high and it takes a lot of time too.

Cryptocurrency appears as a solution for everyone who wants to send maximum money to their friends and families and wants to pay a minimum fee. In 2019, we saw several platforms that offer assistance to various migrant workers in various regions by making their money very fast and cheap. According to data, the global remittance market is expected to reach $ 1,035 trillion in 2022 and $ 1.413 trillion in 2025. Therefore, the demand for crypto wallet development will grow because it will benefit the global economy.

4. Global consolidation of crypto wallet market

In recent years, a Crypto Cellular Wallet has obtained most of the crypto market as a whole. This year also, we have seen several positive trends that show the global consolidated crypto wallet market is likely to occur soon. There are many crypto wallet development providers and users who hope this will happen. The more structural growth of Crypto assets is clearly shown by more solutions that provide ways to adopt this technology. Many experts expect to see the phase of progress from this development to the underlying surface so far.

5. Wallets likely to replace exchanges

That’s true because we all are eyeing new solutions to make more personal transactions, and the idea of ​​using a crypto wallet instead of an exchange platform for transactions has floated. In addition, we can hope to see enough wallet platforms to offer purchasing and sales services to their users. Thus, the need for cryptocurrency wallet development services is expected to increase.

6. Induction of loyalty program

Because the number of crypto wallets and users is both increasing, service providers must be expected to attract users with many needed offers. The loyalty program is one of the successful marketing tricks that produce promising results for various businesses and crypto wallet development providers are most likely to use this practice to build the potential of user-based users in 2022.

7. Switch to non-custodial from Custodial wallets

This can have a big impact on the way to deal with digital assets now. A custodian wallet stores a user’s personal key on its server. On the contrary, a non-custodial wallet enables its users to gain complete control over their private keys and funds. In recent years, a large number of hacking incidents have forced users to switch from custodial wallets to non-custodial wallets, and the same is expected in 2022.

Final Thoughts

With all the above-expected crypto trends in 2022, we hope that future trends will be more promising. The security norms are strengthening and efficient, it is probable to have huge growth in the number of crypto wallet users.

Whether you are an individual or a business looking for crypto wallet development, partner with Antier Solutions. We provide a white label wallet solution to help you quickly launch your crypto wallet. In addition, we offer customized cryptocurrency wallet development services to create tailor-made wallets from the ground up.

Schedule a free demo of our white label wallet solution or connect with our subject matter experts for world-class cryptocurrency wallet development services.