Ripple Exec Says Adoption in Sub-Saharan Africa and Turkey Sees ‘Tremendous Traction’

Published at 2025-11-25 12:17:12

In a tweet on Nov. 25, 2025, Reece Merrick, Ripple’s Senior Executive Officer and Managing Director for the Middle East and Africa, said the firm is seeing “tremendous traction” in Sub-Saharan Africa and Turkey. The comment, posted to Ripple’s social channels, underscores renewed attention on the company’s cross-border payment offerings in regions where faster, lower-cost transfers are in demand.

Why it matters: Sub-Saharan Africa and Turkey are important corridors for remittances and regional trade, and increased uptake of Ripple’s services could translate into higher utility for XRP as a liquidity tool. Market observers say momentum in these regions may improve on‑chain liquidity and use cases for crypto payments, though regulatory clarity and local infrastructure will remain key determinants of sustained growth.

Share on:

Related news

Kraken Becomes First Crypto Firm With Direct Fed Payments Access

Kraken is the first digital-asset firm granted direct access to the Federal Reserve’s primary payments system, enabling direct USD settlement and faster bank-grade transfers. The move marks a milestone in institutional integration and could reduce settlement friction for crypto markets.

Russia Mulls Legal Framework for Stablecoin Payments, Bans Crypto Payments

Russian authorities are considering legalizing payments with fiat‑pegged stablecoins while moving to prohibit traditional cryptocurrencies for payment use. Stablecoin transactions could be governed by a dedicated legal framework to follow broader crypto legislation.

Published at 2026-03-04 11:01:08
AI Agents Prefer Bitcoin in Nearly Half of Responses, Stablecoins Lead for Payments

A Bitcoin Policy Institute study of 36 AI models published March 3, 2026 found Bitcoin was the top monetary choice in 48% of responses, while payment-specific prompts saw over half of models favor stablecoins.

Published at 2026-03-04 04:00:46
SoFiUSD Comes to Mastercard Network for Stablecoin Settlements

SoFi and Mastercard will support settlement in SoFiUSD across Mastercard’s global payments network, marking a move to integrate regulated U.S. dollar stablecoins into mainstream card infrastructure. The integration aims to speed settlement and expand on‑ramp/off‑ramp options for merchants and payment providers.

Published at 2026-03-03 18:15:27
Ripple Overhauls Payments Platform to Bridge Banks and Digital Assets

Ripple announced a major revamp of its Ripple Payments platform to become a unified business service that bridges traditional finance and digital assets, building on capabilities from its Palisade and Rail acquisitions. The move signals a push to win more bank adoption for XRP-linked payments.

Published at 2026-03-03 16:00:31