Turkey is making huge strides toward becoming one of the world’s premier locations for blockchain and cryptocurrency adoption. A nation that has often been seen as a key strategic partner to the world’s biggest and most influential countries due to its positioning between east and west might yet become the central hub for this nascent industry.
Some might call it unsurprising, given that inflation hit levels of 25% as of October 2018, shortly after the U.S. sanctions crippled an already struggling Turkish economy failing to recover from the 2016 coup attempt. These factors, coupled with low interest rates and an upcoming debt crisis, have led to a hugely volatile lira that is forcing Turks to look elsewhere to generate profit.
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