Ripple & Turkish Bank Garanti BBVA Partner Up for Mobile App

In a significant move towards adoption of cryptocurrency, Garanti BBVA, the second largest bank in Turkey, has expanded its crypto mobile app to include support for XRP. The bank, which boasts consolidated assets of approximately $76 billion disclosed this development on its official website. 

🚨 BREAKING:

GARANTI BBVA, THE SECOND-LARGEST PRIVATE BANK IN TURKEY HAS EXPANDED ITS CRYPTO MOBILE APP OFFERING TO INCLUDE #XRP 🇹🇷https://t.co/2VNFCVNsju pic.twitter.com/9dH5GdFOvZ

— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) September 26, 2024

Reaction from Ripple (XRP) Community

The announcement drew attention from XRP community and WrathofKahneman on X  post stated that Garanti BBVA is committed to integrating new cryptocurrencies into its mobile app. Along with XRP, the bank has also added Arbitrum (ARB), one of the top 50 crypto assets in the market, to its list of supported digital currencies and this is a new addition to existing assets such as Ethereum (ETH), Bitcoin (BTC), Avalanche (AVAX), Chilliz (CHZ) and USD Coin (USDC).

Korcan Abali, General Manager of Garanti BBVA Digital Assets revealed that the decision to add Ripple was driven by customer feedback. Abali emphasized the growing interest in crypto assets among the bank customers. 

This move comes on the heels of a previous announcement by Garanti BBVA, in which the bank hinted at plans to expand asset offerings after a monthly security review. The bank’s decision to incorporate XRP has generated positive reaction from the community members, who view this as a stepping stone towards adoption of Ripple by financial institutions. 

The addition of XRP to its crypto app is a testament to the bank’s commitment to staying at the forefront of financial innovation and catering to the evolving needs of the customers. This move to support XRP is expected to have ripple effect on the cryptocurrency market, potentially attracting more investors and driving further adoption of digital assets in the region. 

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