Turkey is at the forefront of cryptocurrency adoption

Turkey is at the forefront of cryptocurrency adoption

Turkey is at the forefront of cryptocurrency adoption

According to a Global Consumer Survey of 2019, 20% of Turks are familiar with digital currency. According to the Quinn Telegraph report, this rate is higher than all countries in the world.

Turkish President Recep Tayyip Erdogan recently announced that the experimental stages of the digital lira will be completed in 2020. The use of official Crypto Coin in Turkey will increase the importance of other Crypto Coins.

Although authorities in Turkey have long delayed the adoption of digital currency, a 2015 survey found that 45% of Turkish people believed that cryptocurrencies, such as bitcoin, are the future of online shopping. At an average rate of 28% in Europe This is more than just a guess of the popularity of the crypto currency.

This suggests that Turkish people are more comfortable with financial payments from mobile devices.

The same survey showed that 56% of Turkish people use mobile apps for payments. In Europe this rate is on average 33%.

When is the digital pay minute sector in Turkey ready to embrace crypto currency, but for the first time it was viewed as a freely available option when PayPal was not licensed to operate in the country. ۔

One of the major reasons for Turkey's adoption of cryptocurrency is its large gaming market. There are 30 million active gamers in Turkey, who rely heavily on crypto currencies.