Ripple Executive Makes $50 Trillion Market Prediction: Details

Ripple Predicts Explosive Growth in Cross-Border Payments by 2032

Reece Merrick, Ripple's Senior Executive Officer and Managing Director for the Middle East & Africa, recently shared a bold prediction about the future of cross-border payments. In a post, Merrick stated, "$50+ Trillion by 2032? Last year, the B2B cross-border payments market hit $31.6 trillion, and we expect it to grow by 58% in the next seven years."

Ripple's latest insights report confirms this projection. The business-to-business (B2B) cross-border payments market reached $31.6 trillion in 2023 and is forecasted to surge to $50 trillion by 2032.

This growth is fueled by increasing globalization and digitization. E-commerce sales alone hit an estimated $6 trillion globally in 2024, with cross-border transactions playing an ever-larger role. These figures underscore the critical importance of cross-border payments for businesses, economies, and communities worldwide.

Ripple's payout network already serves over 90% of the global financial exchange market, facilitating pay-ins and pay-outs in both stablecoins and local fiat currencies. By leveraging blockchain technology and digital assets like XRP and Ripple USD (RLUSD), the company enables seamless cross-border stablecoin transactions for businesses.

New Listings and Partnerships for Ripple USD (RLUSD)

• Euler integration: RLUSD is now available on Euler, where users can borrow, lend, or use it as collateral.
• Bitget listing: The crypto exchange has added RLUSD to its spot trading platform.
• BitMEX launch: Users can now deposit, buy, and trade RLUSD on Spot, with the added benefit of using it as margin through Multi Asset Margining - a first for any exchange.
• XRP expansion: BitMEX has also included XRP in its Multi-Asset Margining system.