- Ripple’s growth surges in Africa and Turkey amid economic challenges.
- Sub-Saharan Africa sees $205 billion in crypto transactions, led by stablecoins.
- Over 50% of Turkish adults now own crypto amid currency crisis.
Ripple is experiencing unprecedented growth in Sub-Saharan Africa and Turkey, driven by a surge in cryptocurrency adoption. According to Reece Merrick, Ripple’s Senior Executive Officer for the Middle East and Africa, the company is gaining “tremendous traction” in both regions, where economic instability has made crypto a crucial financial tool.
Surging Crypto Transactions in Sub-Saharan Africa
In Sub-Saharan Africa, crypto transactions exploded by 52%, reaching an impressive $205 billion between July 2024 and June 2025. Stablecoins made up 43% of this total, underlining their dominance in the region’s digital finance landscape.
With many African countries facing inflation, currency devaluation, and financial exclusion, cryptocurrency has become more than just a trend; it’s a vital solution for those seeking stability.
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Crypto Boom in Turkey Amid Economic Crisis
Similarly, Turkey has seen a crypto boom, fueled by the country’s economic crisis. The Turkish lira has lost 80% of its value since 2021, while inflation has hit 70%. In response, over 50% of Turkish adults are now reported to own crypto. The rising adoption highlights how cryptocurrencies are filling the void created by the collapsing local currency.
Ripple’s commitment to these regions is clear, with strategic initiatives aimed at expanding its reach. The company has partnered with Chipper Cash, a leading payments provider in Africa, to support cross-border payments into the continent. With five million customers across nine countries, Chipper Cash is helping Ripple broaden its impact in Africa.
Ripple’s innovative projects are also making a difference. In Kenya, the company’s drought insurance pilot, which concluded in June, successfully insured 517 pastoralists 70% of whom were women—against drought using Ripple’s RLUSD digital asset.
Ripple’s Role in Driving Financial Inclusion
As inflation and currency devaluation continue to ravage both Sub-Saharan Africa and Turkey, cryptocurrencies have emerged as a lifeline. In these regions, digital currencies provide individuals with an opportunity to protect their assets and participate in the global economy.
Ripple’s continued expansion, through partnerships and local initiatives, underscores the company’s pivotal role in driving crypto adoption as a solution to financial instability.
With regulation progressing in these markets, Ripple is poised for even greater success as it continues to address the growing demand for decentralized financial solutions. As crypto adoption continues to soar, Ripple is positioning itself as a key player in the financial revolution sweeping through Africa and Turkey.
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