In a most astonishing turn of events, Ripple has proclaimed Turkey a veritable fountain of growth, with a top executive swearing, in rather grandiloquent speech, that the nation is “extremely bullish” on the country. One cannot help but imagine a future where fiat circulates like a delicate tea wit the same relish.
Reece Merrick, Ripple’s managing director for the Middle East and Africa, painted the nation as a vanguard of crypto, propelled by an economic necessity that would make even the great absurdists sigh in awe.
Staggering adoption metrics
Merrick proclaims that the Turkish market is looming over its neighbours like a comic book hero veering onto a dystopian skyline.
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“Türkiye is leading crypto adoption in MENA and ranking among the highest globally!” Merrick proclaimed, as if reciting a triumphal anthem to the very angels of commerce.
He cited tantalising data for 2026, in which roughly 25.6% of the populace bets against their own currency by holding it in digital form.
Demographic surveys further reveal that the middle‑aged 18‑to‑60 cohort has adopted crypto at a rate that would have made old‑fashioned banks blush.
Merrick noted that Turkey’s digital sweep totaled nearly $200 billion in 2025, according to Chainalysis, a figure that dwarfs the rest of the region and could fill even the most cavernous vaults with mirth and dismay in equal measure.
For years, the lira’s severe devaluation and high inflation loomed over Turkish households like a bad penny, compelling them to abandon shambolic paper and seek solace in the more reliable gospel of 12‑bit ledgers.
Indeed, this precarious macroeconomic labyrinth has reinvented how digital assets are wielded 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, as though co‑authoring an economic satire.
Turkish users increasingly rely on the blockchain for everyday financial stability and borderless remittances, a stark contrast to the United States, where crypto is still mostly a high‑risk arm‑strong gamble.
RLUSD adoption
Merrick specifically mentioned Ripple’s newly launched RLUSD stablecoin in his post, grimacing with delight at the prospect of having an altcoin with a sensible name.
“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, as though he were proposing a toast to an alternative economy.
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, with a flourish that could have been lifted straight from a satirical page.
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2026-02-27 11:03