In a recent video shared by Xaif (@Xaif_03) on X, Pegah Soltani, Ripple’s Head of Payments Product, outlined Ripple’s ambitious approach to revolutionizing global cross-border payments. Soltani highlighted that by 2030, the value of cross-border flows is expected to reach an astonishing $300 trillion.
Despite this massive projected growth, she emphasized the inefficiencies in the current global payment systems, which are often slow, expensive, and error-prone. Ripple aims to address these challenges through its blockchain-based solutions and the use of digital assets like XRP.
#Ripple‘s Head of Payments Envisions $300 Trillion Cross-Border Flow—XRP to Handle It All
assuming it handles a $300 trillion flow with a circulating supply of 52 billion $XRP, would be approximately$5,769.23
— Xaif
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(@Xaif_03) December 29, 2024
Ripple’s Solution to the Inefficient International Payments System
Ripple’s payment system leverages blockchain technology to enable faster, more affordable, and more transparent transactions. According to Soltani, the process is streamlined to ensure efficiency and reliability.
She gave an example, explaining that when a business in the UK sends funds to the Philippines, Ripple’s platform facilitates the transaction by using a digital asset as a bridge currency. The funds are converted into Philippine pesos through Ripple’s extensive global partner network, ensuring the recipient receives the exact quoted amount in real-time.
One of Ripple’s key advantages is its global payout network, which offers access to traditionally hard-to-reach markets and currencies. Soltani noted that businesses could begin transacting within as little as three weeks, with payments settling in seconds instead of days.
This speed and scalability position Ripple as a frontrunner in modernizing international finance. It has made XRP a highly popular asset, with the World Bank highlighting it as a leading currency for cross-border transactions. As Ripple’s network grows, increased adoption could significantly boost its price.
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Potential Price Target for XRP
Xaif’s post drew attention to the implications of Ripple’s potential role in managing these massive cross-border flows. He posited a scenario in which XRP handles the $300 trillion annual flow projected by Soltani, with its circulating supply of 52 billion XRP.
Based on this hypothesis, Xaif suggested that XRP’s value could reach $5,769.23. This valuation shows the potential scale and significance of Ripple’s technology in the evolving financial ecosystem.
It also affirms the bullish stance shared by many in the XRP army. The view that XRP can serve as a global reserve currency also extends to other prominent financial voices, and experts have set targets as high as $10,000 if XRP can take control of the cross-border payments market.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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The post Here’s XRP Price If It Handles This $300T Market by 2030 As Envisioned By Ripple’s Head of Payments appeared first on Times Tabloid.
