Odaily Planet Daily News: Reece Merrick, Managing Director of Ripple for the Middle East and Africa, posted on X on Monday, highlighting the increasingly important role of cryptocurrency in the payments sector and citing insights from Ripple's 2024 New Value Survey. He explained, 'Nearly 2,000 leaders from global financial institutions and enterprises participated in this survey, including over 200 respondents from the UAE, Saudi Arabia, and Turkey.' Merrick revealed that the most frequently mentioned application of blockchain technology by respondents from the Middle East and North Africa was 'enabling customers to make payments using blockchain-based currencies (52%).' He noted that 'accepting payments in blockchain-based currencies (47%)' was the second major focus of respondents. Merrick also emphasized the growing interest in the digital asset market, highlighting that 'buying/selling/trading other types of digital assets (e.g., other token types like tokenized securities or RWA) (42%)' has become a significant priority for a considerable portion of respondents.

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