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Ripple (XRP) has gained a significant market share in the American continent and in the European continent. Also the awareness of ripple (XRP) has increased in both continents. It seems now; the company is also focusing on other geographies. The question is whether the next growth for ripples (XRP) will be from Asia?
Will Ripple's next stimulus to growth (XRP) be from Asia?
The main advantage of Ripple (XRP) is that the Asian continent has many migrants in developed countries. That is why, once able to create a brand for itself on the Asian continent, cross-border remittances will increase. Furthermore, the number of people who migrate to the developed countries from the Asian continents increases day by day. This is the reason why the market is constantly expanding.
The problem, however, is that the Asian market is very difficult to conquer for most Western companies. It is based on trust. It is based on credibility. Most nations do not care about the integrity and technical jargon surrounding the world of payments. They rely only on trust and credibility. And for this; It will be very difficult for Ripple (XRP) to get this trust. This can also take a long time. This is one of the main reasons why it will not be easy for Ripple (XRP) to break the Asian market like some of the other continents.
At the same time, there is a significant position in the Asian continent that is under-bench, which does not have access to banking facilities. This is where the ripple (XRP) has a distinct advantage. If you are able to tap into the population with or without a bank, you will be able to increase transactions on your RippleNet quite easily. In this case, the competition will also take place at the bottom. This will ensure that not only is he able to serve a lot of people, but he is also able to build a brand for himself. This means that with a small competition, will be able to target the Asian market and will be able to penetrate the Asian market. This will be a great victory for Ripple (XRP).
According to Dan Moran, Ripple's head of regulatory relations for Europe, Ripple will certainly focus on Asia in the near future. This clearly indicates that the company has also identified Asia as a reference market. It remains to be seen whether it is able to penetrate this market or not. The probability is quite high.
