📢 Ripple sets its sights on Turkey’s $200 billion crypto market
Ripple has announced a strategic interest in Turkey’s crypto market, valued at $200 billion. The company links its plans to pressure on the Turkish lira and growing demand for dollar-pegged stablecoins among local consumers and businesses.
According to Ripple, Turkish banks are gaining access to crypto custody services amid changes to local regulations. Institutional players are following retail users, who are actively using crypto to protect themselves against the lira’s depreciation.
Ripple sees Turkey as a key market for promoting dollar-pegged stablecoins and crypto solutions for banks.
$XRP
Ripple has announced a strategic interest in Turkey’s crypto market, valued at $200 billion. The company links its plans to pressure on the Turkish lira and growing demand for dollar-pegged stablecoins among local consumers and businesses.
According to Ripple, Turkish banks are gaining access to crypto custody services amid changes to local regulations. Institutional players are following retail users, who are actively using crypto to protect themselves against the lira’s depreciation.
Ripple sees Turkey as a key market for promoting dollar-pegged stablecoins and crypto solutions for banks.
$XRP
