Here’s What XRP Could Be Worth If It Handled Remittances Across Africa and Asia

What could XRP price skyrocket to if it powered remittances across both Africa and Asia?

Notably, while XRP recently bounced back to $3.17, many believe it’s still trading far below what it’s really worth. One of the biggest reasons behind this belief is its role in payments. With that in mind, we recently explored what XRP could be worth if it became the go-to solution for sending money across Africa and Asia.

Remittance Volume in Asia and Africa

Right now, the combined value of remittances going into both regions is estimated at around $491 billion each year. Africa accounts for about $95 billion of that, led by countries like Nigeria, Egypt, and Morocco. 

Meanwhile, Asia received the bulk of the flow, between $390 billion and $396 billion a year, making it the largest remittance market globally. Notably, if XRP powered all of this movement, its price could be significantly higher.

When we asked ChatGPT for valuation models, the chatbot presented three possible scenarios, each based on the idea that XRP takes over this huge market and becomes a major part of the financial system in these regions.