30 November 2025

Crypto Adoption Surges in Sub-Saharan Africa and Turkey Amid Economic Turmoil
As inflation and currency instability escalate in Sub-Saharan Africa and Turkey, the adoption of cryptocurrency is rapidly increasing. This shift is providing new opportunities for Ripple as it expands its presence in these dynamic markets.
Reece Merrick, Ripple s director for the Middle East & Africa, highlighted this trend on social media, stating,
Sub-Saharan Africa & Turkey are adopting crypto faster than almost anywhere else.
He pointed out that in regions facing inflation and financial exclusion, cryptocurrency is becoming a necessity rather than just a trend.
Merrick provided insights into the regional dynamics:
Sub-Saharan Africa: Transactions exploded 52 to 205B Jul 24-Jun 25 , with stablecoins dominating 43 of volume.
This data from Chainalysis shows that Sub-Saharan Africa is experiencing grassroots adoption of crypto, with over 205 billion in on-chain value received from July 2024 to June 2025.
He explained the reasons behind this surge:
Hyperinflation e.g. Nigeria s 30 and unbanked masses 50 adults make using crypto especially stables a hedge & remittance tool.
In Turkey, the situation is similar due to the devaluation of the lira and high inflation rates. Merrick noted,
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.
He concluded by mentioning the growing use of Ripple s XRP Ledger XRPL and stablecoin solutions for remittances in these regions. With regulatory advancements in both areas, Ripple is gaining significant traction.
While some critics point out the volatility of cryptocurrencies, supporters argue that bitcoin, ethereum, and stablecoins can provide more stable purchasing power compared to rapidly depreciating national currencies.