Ripple exec optimistic on growth potential in Turkey

According to U.Today, Reece Merrick, Ripple's Managing Director for the Middle East and Africa, is quite optimistic about the company's growth prospects in Turkey. He noted that Turkey is a leader in crypto adoption within the Middle East and North Africa (MENA) region and ranks among the top globally. Merrick explained that 25.6% of the country's total population holds cryptocurrency, with the adoption rate reaching 52% among those aged 18 to 60. He added that amid the growing volatility of the Turkish lira, stablecoins like Ripple's RLUSD will play a key role in supporting cross-border payments and financial resilience by offering a stable U.S. dollar alternative. Merrick also stated that Ripple is currently working with several traditional financial partners in Turkey to drive the adoption of RLUSD.