Massive Blockchain Payment Adoption in the Middle East and Africa, According to Ripple Survey
Ripple’s 2024 New Value survey, led by Managing Director Reece Merrick, shows blockchain technology rapidly reshaping finance in the Middle East and Africa.
With nearly 2,000 financial leaders surveyed, 52% highlighted blockchain-based payments as a key application. Other priorities included accepting blockchain payments (47%) and engaging in digital asset trading (42%). Cross-border payments via blockchain (38%) also ranked high. Merrick noted the UAE’s leadership in crypto, driven by progressive regulations and stablecoins, predicting that blockchain will fully integrate into MENA banking systems by 2025, transforming regional finance.
Clever Robot News Desk 9th January 2025
