Ripple survey: More than half of respondents in the Middle East and Africa support the use of blockchain payments

In a post on X on Monday, Reece Merrick, managing director of Ripple Middle East and Africa, highlighted the growing role of cryptocurrencies in the payments space, citing insights from Ripple’s 2024 New Value Survey. He explained: “Nearly 2,000 leaders from global financial institutions and enterprises participated in the survey, including more than 200 respondents from the UAE, Saudi Arabia and Turkey.” Merrick revealed that the most commonly cited application of blockchain technology by respondents in the MENA region was “enabling customers to pay with blockchain-based currencies (52%)”. He noted that “accepting payments in blockchain-based currencies (47%)” was the second-highest priority for respondents. Merrick also highlighted the growing interest in the digital asset market, highlighting that “buying/selling/trading other types of digital assets (e.g., other token types such as tokenized securities or RWAs) (42%)” became a major priority for a significant number of respondents.