The cross-border payment industry is expected to reach $250 trillion by 2027 as Ripple, Stellar, Swift, etc race for dominance. 
It is reported that this industry grew by $25 trillion to reach $150 trillion between 2018 to 2022. 
The battle for supremacy in the cross-border payment industry hits a new level as Stellar, Ripple, Cardano, Hedera, Swift and FedNow double down efforts with innovations. According to a report, the industry grew by $25 trillion to reach over $150 trillion between 2018 to 2022. This is almost the entire size of the global technology industry in 2023. As disclosed in a publication by Crypto News Flash, stakeholders expect the industry to grow to $250 trillion by 2027. Other reports link the pace of growth to the investments directed to trade and infrastructure projects like the African Continental Free Trade Area and China’s Belt and Road Initiative. This reportedly adds 10% of the annual growth in cross-border payments from emerging economies.
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