Here’s What XRP Could Be Worth If It Handles 25% of Global Remittances by 2029
The post Here’s What XRP Could Be Worth If It Handles 25% of Global Remittances by 2029 appeared on BitcoinEthereumNews.com. What could XRP price be if it handled 25% of the projected value of global remittances by 2029, especially if the market fully priced in its value? Notably, crypto proponents believe XRP remains undervalued, especially when you consider its speed, scalability, and growing role in cross-border payments. Currently changing hands at $2.22, it still trades below what some say reflects its real-world use. Specifically, Ripple continues to build partnerships across key regions, but the market has yet to fully recognize the long-term value behind that adoption. XRP Set to Capture a Growing Remittance Market Meanwhile, the remittance market keeps expanding. According to recent projections, the global remittance industry will grow from $782.54 billion in 2024 to $832.57 billion in 2025, marking a steady 6.4% annual growth rate. That same growth pace should carry the industry to about $1.067 trillion by 2029. A recent business report suggested that factors such as rising migration, economic gaps between countries, and the spread of mobile and digital financial services could trigger this growth. Amid the projected expansion, Ripple has set itself up to take advantage of the change. Specifically, the company has already secured partnerships in high-remittance markets such as Brazil, Mexico, the UAE, Saudi Arabia, Vietnam, and the Philippines. Ripple leverages XRP because it processes transactions in seconds using a consensus mechanism that doesn’t rely on energy-heavy mining. The network can handle thousands of transactions per second, making it suitable for the high-volume demands of international payments. Moreover, legal clarity has improved, particularly in the U.S., where XRP is no longer treated as a security in retail sales. Importantly, this will allow more financial institutions to now use XRP without fear of regulatory pushback. XRP Price if It Handles 25% of Global Remittances by 2029 With such an expected growth, we assessed where…
The post Here’s What XRP Could Be Worth If It Handles 25% of Global Remittances by 2029 appeared on BitcoinEthereumNews.com.
What could XRP price be if it handled 25% of the projected value of global remittances by 2029, especially if the market fully priced in its value? Notably, crypto proponents believe XRP remains undervalued, especially when you consider its speed, scalability, and growing role in cross-border payments. Currently changing hands at $2.22, it still trades below what some say reflects its real-world use. Specifically, Ripple continues to build partnerships across key regions, but the market has yet to fully recognize the long-term value behind that adoption. XRP Set to Capture a Growing Remittance Market Meanwhile, the remittance market keeps expanding. According to recent projections, the global remittance industry will grow from $782.54 billion in 2024 to $832.57 billion in 2025, marking a steady 6.4% annual growth rate. That same growth pace should carry the industry to about $1.067 trillion by 2029. A recent business report suggested that factors such as rising migration, economic gaps between countries, and the spread of mobile and digital financial services could trigger this growth. Amid the projected expansion, Ripple has set itself up to take advantage of the change. Specifically, the company has already secured partnerships in high-remittance markets such as Brazil, Mexico, the UAE, Saudi Arabia, Vietnam, and the Philippines. Ripple leverages XRP because it processes transactions in seconds using a consensus mechanism that doesn’t rely on energy-heavy mining. The network can handle thousands of transactions per second, making it suitable for the high-volume demands of international payments. Moreover, legal clarity has improved, particularly in the U.S., where XRP is no longer treated as a security in retail sales. Importantly, this will allow more financial institutions to now use XRP without fear of regulatory pushback. XRP Price if It Handles 25% of Global Remittances by 2029 With such an expected growth, we assessed where…
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