My base case Ripple price forecast for 2019 is $20.
RippleNet is active in over 40 countries across six continents. New payment corridors have opened up in North America, Asia, Africa, Europe and South America. This provides new access to better international payment services in markets where remitters and SMEs are in the most need. What’s more, RippleNet’s newest corridors have a combined potential market that totals over $2 Billion in inflows over the last year.
Fleetcor, a $19 billion payment services firm in the US, announced earlier this year they are piloting with Ripple’s xRapid software. Fleetcor processes many billions of dollars annually, and help many thousands of business clients make international payments to suppliers and employees.
The potential of the remittance payments markets is huge. Remittances are big business today. The total global payments are close to $600 billion annually. The fees associated with these payments total nearly $30 billion per year.
