QR code-based payment systems are rapidly evolving, especially in rural and offline areas with limited access to traditional banking.
Rise of QR Code Usage
Global QR payment volumes reached approximately $5.4 trillion in 2024 and are projected to grow to around $8 trillion by 2029. QR codes account for nearly half of all mobile wallet transactions worldwide.
XRP Price Predictions with QR Wallet Adoption
Market models suggest that if XRP processes 10% of global QR transactions, it could reach a value of approximately $0.674 per token. Speculative market behavior might push the price range to $6.74 to $33.70.
Global Trends Supporting QR Payment Growth
In India, rural and semi-urban areas accounted for 60% of all transactions processed through the Unified Payments Interface (UPI) in 2023. In the Asia-Pacific region, digital wallets handled almost two-thirds of global mobile payments in 2023.
Given current trends, XRP's integration into QR wallet systems may play a crucial role in the future of global digital payments.
