As we have pointed out in the past, Turkey plays an extremely important role in the adoption of Bitcoin.Thus, the 82 million inhabitants of the country are the European leader in terms of actual possession of cryptocurrencies.Changpeng Zhao, managing director of Binance, told Turkey that his country was playing a key role in the development of the blockchain and cryptography industry.Binance CEO says Turkey plays a key role
A little more than a month ago, we had already reported the existence of a real cryptocurrency boom in Turkey.Because, according to “Statista Global Consumer Survey 2019”, 20% of Turks have crypto-currencies.This figure is the number one in Europe – Germany, for example, only accounts for 8%.Some reasons may explain the spread and acceptance of crypto-currencies:
Thus, the high inflation of the Turkish lira, as well as the partial expropriation and freezing of Turkish accounts, have led many people to invest their money in cryptocurrencies.Binance CEO Changpeng Zhao has now awarded Turkey a key role in blockchain and cryptocurrency.
For example, CZ told the Turkish news agency Anadolu Agency that “Turkey has a very good chance of becoming a pioneer of financial technologies”.
In the end, Zhao repeated this statement by saying:
Turkey is one of the most active countries in the field of blockchain and crypto-currencies.It will play a very important role in the financial world of tomorrow.
Parallel to CZ’s statement last week, a Binance group also took place in Istanbul.Binance has shown increased interest in the Turkish market in the past.For example, the news that you can buy bitcoins with read in Turkey via Binance is only a week away.
Turkey is preparing its own cryptocurrency
In addition, as the global trend is towards the digitization of national currencies, Turkey has now decided to issue its own cryptocurrency.The first tests and tests with the Turkish Stablecoin should take place in the coming year.
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Above all, Turkey wants to use digital reading to boost its own economy and reduce its dependence on the dollar.
As stated in a Turkish government document:
The main objective is to create a financial sector with a strong institutional structure, able to cover the financing needs of the real sector at low cost, to offer various financial instruments to a broad base of business.39 investors through reliable institutions, and support the goal of Istanbul as an attractive global financial center.to be.
Of course, as Binance is increasingly positioned in the Turkish market, it is also trying to expand its market share as soon as possible in order to take advantage of the expanding market leadership role.Regarding the digitization of national currencies, the CEO of Binance also said that paper money would disappear in the future and that the future of the currency was completely digital.
Do you agree with the statement of the CEO of Binance? Did you know that Turkey plays a key role in cryptocurrency and blockchain?
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