As inflation and currency turmoil intensify across Sub-Saharan Africa and Turkey, crypto use is surging, signaling a pivotal shift that is fueling new momentum for Ripple’s expanding foothold in these rapidly evolving markets.
Ripple Confirms Tremendous Traction as Africa and Turkey Reshape Demand
Ripple executive Reece Merrick shared earlier this week on social media platform X that crypto adoption in Sub-Saharan Africa and Turkey is accelerating as both regions navigate currency weakness and inflation pressures. Merrick, Ripple’s Middle East & Africa director, emphasized the shift as regulatory structures continue to advance.
“Sub-Saharan Africa & Turkey are adopting crypto faster than almost anywhere else,” he opined, setting the tone for his assessment of two rapidly changing markets. He explained:
In regions battered by inflation, currency crashes, and financial exclusion, crypto isn’t just hype; it’s a necessity.
Merrick detailed regional dynamics: “Let’s break it down: Sub-Saharan Africa: Transactions exploded 52% to $205B (Jul ’24-Jun ’25), with stablecoins dominating 43% of volume.” According to blockchain data analytics firm Chainalysis, Sub-Saharan Africa’s crypto activity reflects grassroots adoption and an expanding role for crypto in everyday financial use. From July 2024 to June 2025, the region received more than $205 billion in on-chain value, a roughly 52% increase from the previous year, making it the third-fastest-growing region globally behind APAC and Latin America.
Read more: Ripple’s RLUSD Secures Major Regulatory Win as Fiat-Referenced Token in Abu Dhabi
He continued: “Why? Hyperinflation (e.g. Nigeria’s 30%+) and unbanked masses (50%+ adults) make using crypto (especially stables) a hedge & remittance tool.” His commentary then turned to Turkey: “Turkey: The lira’s nosedive (80% devalued since 2021) and 70% inflation have resulted in a crypto boom. It’s reported that over 50% adults own crypto.”
Noting the expanding regional use of the XRP Ledger (XRPL) and stablecoin solutions for remittances, Merrick concluded:
With regulation progressing in both jurisdictions, we’re seeing some tremendous traction at Ripple.
Although critics argue crypto remains volatile, advocates maintain that bitcoin, ethereum, and stablecoins can still offer more reliable purchasing power than sharply depreciating national currencies.
FAQ ⏰
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What is driving crypto adoption in Sub-Saharan Africa?
Inflation, currency instability, and high unbanked rates are pushing residents toward stablecoins and digital assets. -
How much have crypto transactions grown in Sub-Saharan Africa?
Regional transactions increased 52% to $205 billion between July 2024 and June 2025. -
Why is crypto popular in Turkey?
Lira depreciation and elevated inflation have encouraged widespread use of digital assets. -
What role does Ripple play in these regions?
Ripple is expanding XRPL and stablecoin-based remittance solutions as regulations progress.