- 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
Circle Expands Stablecoin Payouts to Singapore in Asia Payments Push
Circle has launched its Stablecoin Payouts service for Singapore partners, enhancing its payment infrastructure in Asia. This service facilitates compliant cross-border transfers using USDC, aiming to streamline fund movement while addressing regulatory concerns.
CryptoNewsFlash47m ago
UBS, Sygnum and PostFinance Join Swiss Franc Stablecoin Sandbox Through 2026
Swiss financial institutions, including UBS and PostFinance, are testing a Swiss franc stablecoin in a controlled sandbox until 2026 to explore blockchain payment systems. The initiative aims to develop a digital money ecosystem while mitigating risks and ensuring compliance.
CryptoNewsFlash1h ago
SBI Ripple Asia Completes XRPL Token Issuance Platform for Business Integrations
SBI Ripple Asia has developed a token issuance platform on the XRP Ledger, allowing businesses to integrate token management via API without overhauling customer interfaces. This approach encourages blockchain adoption by blending seamlessly with existing infrastructure.
CryptoNewsFlash1h ago
Electricity Is Now Tokenized on XRP Ledger With $861 Million In Live Value
_XRP Ledger now hosts $861M in tokenized electricity via JMWH, tracking real energy use on-chain with full transparency._
The XRP Ledger continues to expand beyond payments. A new use case now tracks real electricity consumption on-chain, highlighting a live market tied to energy assets.
The
LiveBTCNews7h ago
A Trump family crypto project, WLFI, borrows $31.4 million via Dolomite, and controversy has been sparked by overlapping adviser roles
A crypto project founded by the Trump family, WLFI, has drawn market attention to liquidity risk and alleged insider connections through lending facilitated by Dolomite. WLFI pledges stablecoins USD1 and platform tokens, borrows $31.4 million, and moves it to a CEX that is suspected to be used for exchanging it into fiat currency. WLFI has a high concentration level and also carries liquidation risk. On-chain data shows that WLFI has recently transferred a large amount of tokens, with the destination unclear, and has not yet responded regarding the transactions.
GateNews7h ago
