Ripple 'Extremely Bullish' on Turkey, Exec Says
Analysis
Price Impact
MedThe news highlights ripple's strong positive outlook on turkey, citing high crypto adoption rates and the potential for its stablecoin rlusd to gain traction due to the lira's volatility. while this is bullish for ripple's business, direct immediate price impact on xrp itself is moderate as it's more about network utility and adoption of other ripple products.
Trustworthiness
HighThe information comes directly from ripple's managing director for the middle east and africa and is supported by adoption metrics and economic context for turkey. the claims about adoption and transaction volume are significant and, if true, represent substantial market development.
Price Direction
BullishIncreased adoption of ripple's products and services, particularly stablecoins like rlusd for utility in a volatile economic environment, suggests greater demand for the underlying xrp ledger technology and potentially for xrp itself as a bridge currency or for transaction fees.
Time Effect
LongThe adoption and utility described, especially the use of stablecoins for inflation hedging and cross-border payments, are long-term trends that will likely contribute to sustained growth and value appreciation for ripple's ecosystem.
Original Article:
Article Content:
Cover image via U.Today Staggering adoption metrics RLUSD adoption Advertisement 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. Advertisement 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. Advertisement 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." You Might Also Like Thu, 02/26/2026 - 11:01 Ripple CTO Emeritus Clarifies Only Way 'Valid' XRP Transaction Can Be Blocked By Gamza Khanzadaev 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. #Ripple News