XRP price has the potential to reach ambitious two-digit figures if rural and offline communities adopt XRP through QR wallets.
XRP Could Penetrate the QR Wallet Sector
One area that could drive a major XRP price increase is the growing QR code payment market. QR wallets have rapidly gained ground across developing countries, especially in rural and offline communities where access to traditional banking remains limited. Notably, XRP’s speed and efficiency make it a strong candidate for powering these payments.
In 2024, global QR-based payments reached $5.4 trillion. Juniper Research expects this figure to jump to $8 trillion by 2029. QR codes now handle nearly half of all mobile wallet transactions worldwide, helping to bring financial services to regions without stable banking infrastructure.
With this massive growth in mind, we asked ChatGPT to estimate XRP’s price if rural and offline communities started using it through QR wallets. The AI chatbot presented two bullish models to answer this question.
XRP Price if Rural and Offline Communities Adopted It for QR Wallet Payments
The first approach, the Payment Utility Capture Model, assumes that XRP handles 10% of global QR-based transactions in 2029. This would give it $800 billion in annual volume.
If each XRP token processes 20 transactions per year, a payment velocity of 20, and the supply remains at 59.3 billion tokens, XRP’s pure utility price would reach about $0.674.
However, this would not reflect XRP’s actual price, according to ChatGPT, as crypto prices often rise far beyond their utility value due to speculation. As a result, it applied a multiplier of 10 to 50, which reflects typical crypto market behavior, to project a price range of $6.74 to $33.70.
Meanwhile, the second model focused on capital inflows and how they could boost XRP’s market cap. ChatGPT suggested that QR adoption could attract $200 billion in new investment into XRP, driven by interest from retail users and institutions across developing markets.
The chatbot used a 20x multiplier, based on how crypto markets have responded to inflows in the past, to indicate that this capital could increase XRP’s market cap by $4 trillion.
Now, adding this to the current market cap would bring the total to $4.175 trillion. It then divided this valuation by the circulating supply of 59.3 billion tokens to arrive at a projected price of about $70.38 per XRP. According to ChatGPT, this scenario reflects an extremely bullish case where XRP becomes a major tool for digital payments in underserved areas.
QR Wallet Payments Continue to Grow
Interestingly, real-world trends support the idea that QR wallets will continue expanding in these regions. In India, rural and semi-urban users made up 60% of the country’s UPI transaction volume by 2023. UPI payment volume jumped from 18 million in 2017 to over 8 billion in 2023, while total value soared from $16.7 billion to $1.7 trillion.
Meanwhile, in the Asia-Pacific region, digital wallets handled nearly two-thirds of all global mobile payments in 2023, totaling $9.8 trillion. In Africa, services like M-Pesa saw a 32% rise in active users last year, with QR codes playing a key role.
New technologies now allow users to complete QR payments offline, using static codes or Bluetooth. Notably, these tools make it easier for small merchants, farmers, and rural traders to go cashless, even without a steady internet connection.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
