Ripple said in an insights article published on Oct. 5 that it views Turkey as a digital asset hub and highlighted the business footprint it has already built in the country. The company said Turkey is not only a center for speculative crypto trading, but also a market where real-world use cases are being shaped by pressure on local currency conditions.
According to the article, Ripple’s operations in Turkey include a custody partnership with Garanti BBVA and payment rails for its stablecoin RLUSD. The piece also said retail cryptocurrency trading volume in Turkey rose 7% year over year.
The update was reported by Techub News, citing CoinGape. No additional operational details were disclosed in the source material.
Ripple said in an insights article published on Oct. 5 that it sees Turkey as a digital asset hub, while pointing to the business presence it has already established in the country.
The company said Turkey is not just a center for speculative trading. It also described the market as one shaped by practical use cases driven by pressure on local currency conditions.
Custody and stablecoin payment rails already in place
According to the article, Ripple’s business in Turkey includes a custody partnership with Garanti BBVA, as well as payment rails for its stablecoin RLUSD.
The article also said Turkey’s retail cryptocurrency trading volume increased 7% from a year earlier. The Techub News item cited CoinGape.
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