The company’s senior vice president of product management, Asheesh Birla, told the Change the Wave podcast the company is exploring how it could play a direct role in the emerging world of micropayments.

“As a product person, I’m thinking about what’s next. And so while we think about payments as the initial use case for Ripple, I’m thinking about what other cool products can you build that we can take back to our customers – one of them being microloans.
So if you go into parts of the emerging world, a $10 loan is a big deal. It’s called a microloan. I think you could do that blockchain in a way that you couldn’t do [with other technology].”

Birla didn’t mention whether XRP might be involved in a Ripple-led micropayments platform.

Last month, the company revealed it will invest 1 billion XRP in Coil, a web content monetization platform designed to give people a way to reward content creators in XRP as well as other crypto and fiat assets.

Our hottest markets are outside of the US

Birla says Ripple’s diverse group of employees is pushing the company to think outside of its headquarters in the San Francisco Bay Area and beyond the borders of the US.

“We started hiring people with other kinds of backgrounds. We started hiring folks that were raised in places outside of the United States. Folks from Thailand, from Mexico, from Brazil, parts of Africa as well. And you know what? We unlocked something that we never would have unlocked before. That the problem wasn’t in the United States.
The problem with global cross-border payments was actually acute in places like Latin America and a lot of the emerging markets around the world. We would never have guessed that having grown up in the United States. It took diversity. It took their perspective. That changed the course of Ripple. Our hottest markets are outside of the US. They’re in Africa, they’re in the Middle East, they’re in Southeast Asia and they’re in Latin America. And it’s diverse perspectives that pushed us into that area.”