- Staggering adoption metrics
- RLUSD adoption
Ripple is setting its sights on Turkey as a critical growth hub, with a top executive declaring the blockchain payments company “extremely bullish” on the country
Reece Merrick, Ripple’s managing director for the Middle East and Africa, has characterized the nation as a global leader driven by economic necessity rather than mere speculation in his recent social media post.
Staggering adoption metrics
According to Merrick, the Turkish market is vastly outpacing its neighbors.
HOT Stories
Critical XRP Ledger Bug in Batch Amendment Could Have Drained User Wallets
Crypto Market Review: XRP Volatility Squeeze is a $2 Recipe, Will Dogecoin (DOGE) Zero Removal Happen in February? Shiba Inu (SHIB) Bullruns Aren’t Possible Yet
“Türkiye is leading crypto adoption in MENA and ranking among the highest globally!” Merrick stated.
He pointed to compelling 2026 data, which indicates that approximately 25.6% of the Turkish population currently owns cryptocurrency
Furthermore, demographic surveys show that adoption reaches a staggering 52% among adults aged 18 to 60.
This massive retail and institutional interest is translating into significant capital flow
Merrick noted that Turkey facilitated nearly $200 billion in annual crypto transactions in 2025 based on blockchain analytics firm Chainalysis, a volume that ends up “dwarfing the rest of the region.”
For years, Turkish citizens have grappled with the severe devaluation of the lira and high inflation rates
This precarious macroeconomic environment is changing how digital assets are used in the country.
“Driven by inflation hedging and value preservation, we’re seeing a clear shift toward practical utility in emerging markets like Türkiye,” Merrick wrote.
Instead of treating crypto solely as a high-risk investment, Turkish users are increasingly relying on the blockchain for everyday financial stability and borderless transfers.
RLUSD adoption
XRP. Merrick specifically highlighted Ripple’s newly launched US dollar-pegged stablecoin, RLUSD.
“Stablecoins like RLUSD will play a vital role as a stable USD alternative amid lira volatility, supporting cross-border payments and financial resilience,” he emphasized.
Merrick confirmed that the blockchain firm is already working alongside a number of traditional financial players in the country to integrate it
“We’re extremely bullish on the continued growth along with our position in the market across all of our products,” Merrick concluded.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Luffa Joins 8lends to Offer RWA-Backed SME Financing With AI
Luffa, a renowned Web3 platform bridging the real-world financial ecosystem and DeFi, has partnered with 8lends, which links investors with businesses. The partnership attempts to link investors with small and medium-sized enterprise (SME) financing initiatives with tangible collateral. As Luffa
BlockChainReporter2h ago
Ghana’s Central Bank Tests Stellar-Based Akuna Wallet for Creator Economy Payments
Akuna Wallet entered the Bank of Ghana’s VASP sandbox to test Stellar-based cross-border payment tools for creators and freelancers.
The platform targets payment costs in Sub-Saharan Africa, where cross-border transfers average 8.8%, above the UN’s 3% goal.
Akuna Wallet has joined the Bank o
CryptoNewsFlash2h ago
The first list of "Stablecoin Licenses" in Hong Kong is about to be announced! Rumors suggest they will go to HSBC, Standard Chartered, and OSL.
Hong Kong's first batch of "Stablecoin Issuer License" list will be announced next week. The three main applicants are HSBC, Standard Chartered Bank, and virtual asset platform OSL. This licensing round may favor banks due to their capital strength and regulatory advantages, while OSL possesses rich practical experience. Although rumors suggest the main list is finalized, the actual situation may still change.
区块客2h ago
HSBC and Standard Chartered Lead the Way! Hong Kong's First Batch of Stablecoin Licenses to Be Issued as Early as March 24, Monetary Authority Prioritizes Institutions with Note-Issuing Authority
The Hong Kong Monetary Authority is expected to issue the first batch of stablecoin licenses by the end of this month, with HSBC and Standard Chartered being the most likely institutions to receive approval. The licenses may be issued on March 24. The number of licenses issued will be limited and will prioritize institutions that already have authorization to issue banknotes. This move signifies an important step for Hong Kong in its journey toward becoming a global digital asset center.
動區BlockTempo3h ago
Mastercard Highlights Ripple in Digital Payments Push
Mastercard endorses Ripple as pivotal for the future of digital payments, highlighting partnerships that enhance XRP adoption and improve cross-border transactions, signaling a shift towards blockchain integration in finance.
Coinfomania3h ago
Solana Shanghai Builder Station Delays Offline Launch Ceremony Originally Scheduled for March 20
The opening ceremony of Solana Shanghai Builder Station was originally scheduled for March 20 but has been postponed due to venue and scheduling reasons. Going forward, the event format will be adjusted to host more intimate salons and technical sharing sessions. Registered users will retain their eligibility and receive priority access.
GateNews3h ago
