Bitcoin (BTC) is a highly popular cryptocurrency in Turkey and in the world. Bitcoin, managing to attract attention every year since its launch in 2009, attracted investors with its record level of $20,000 in 2017. In Turkey, demand for Bitcoin is increasing every year. With the increase of both Turkish crypto exchanges and physical cryptocurrency trading platforms, Turkish people begin to be commonly interested in cryptocurrencies. Even grams of gold can be purchased with Bitcoin.
Banking systems in Turkey are also in preparation to gradually integrate into cryptocurrency systems. The biggest example is Akbank, which has recently made an agreement with Ripple. It is also possible to say that the news about a national cryptocurrency published in the official newspaper is an extremely promising development for the cryptocurrency sector in Turkey. We will wait and see what happens in the future.
Partnership with Ripple!
There are no Bitcoin trading transactions in banks in our country. However, there is news about cooperation on this issue in recent years. Akbank, one of the largest banks in Turkey, had reached an agreement on cooperation with Ripple. The agreement with Ripple aims to achieve international money transfers quickly by using blockchain technology. According to the bank’s announcement, they have reached an agreement with Ripple.
Tolga Ulutaş, Deputy General Manager of Akbank Direkt, said that they were very happy to be the first bank in Turkey to bring international money transfer with blockchain technology.
Ulutaş said, “We started to plant the first seeds of this application that pioneered the industry last year. Now, we have started GBP money transfers to Santander UK via Ripple through blockchain infrastructure. With this important technology, our customers will now have the opportunity to transfer money at a much lower cost and faster in international money transfers. With the participation of new banks in the system, our journey continues to expand this service with collaborations with different banks. ” If you want to be up to date about Bitcoin, Ethereum, Ripple and popular cryptocurrencies, you can follow the news on Cointral.com.