to Start Full Turkish Lira Banking Integration

Seeking to establish a native payment gateway for people to deposit and withdraw Lira on Exchange, has decided to introduce a thorough banking integration for Turkish Lira, also known as TRY. has already carved its identity as the renowned provider of cryptocurrency products. It has so far created more than 40 million wallets.

With this launch, users based in Turkey will be able to create their accounts and purchase crypto without using a third-party payment processor.

Turkish people will now be eligible to deposit, withdraw, and use TRY for the purchase of Bitcoin, Ether, and Tether. They will have the choice to convert their crypto into the fiat currency of their liking with reasonable exchange rates.

The launch has come at such a juncture when the adoption of cryptocurrency and information in Turkey is rapidly rising in comparison with its regional peers. According to Statistica’s Global Consumer Survey for 2019, one-fifth of the total Turkish population has gained considerable knowledge about crypto and has also got significant exposure to the currency in one form or another.

In yet another survey obtained from ING, it was discovered that 45 percent of people based in Turkey feel that digital currencies like Bitcoin hold great potential and may emerge as the future of online spending. It is also the highest percentage of all the European countries that were surveyed. The Turkish percentage has surpassed the European average of 28 percent by a huge margin.

Peter Smith, Co-founder and CEO of, said,

Turkey is one of the countries leading the charge to embrace cryptocurrencies, but its traders have only been met with high fees and poor service. is dedicated to providing a fair, global market for Turkey’s crypto traders, and setting a new standard for the service they should not only expect but demand from exchanges.

According to reports, Turkish authorities are already startled by the fast spread of cryptocurrencies in the country and therefore trying to boost all the efforts to start increased oversight into the sector.

If reports carried by local media are to be believed, regulators are under immense pressure to enhance supervision amid the surging popularity of the decentralized crypto assets among Turkish people.

Meanwhile, has already emerged as one of the highly trusted companies in the digital assets world.

Recent Articles

2020: Crypto Regulations Updates Everyone Should Know!

The year 2020 is likely to be one of the most eventful ones from the ‘crypto angle,’ i.e., from the perspective of cryptocurrencies as...

Plus500 Review 2020 – What you need to Know before Signing up with this Broker

Overview Plus500 was established in the year 2008 and it offers online CFD...

eToro Broker Review 2020 – All You Need to Know About eToro Before Signing Up!

  Overview eToro was established in the year 2007, known as one of the leading social trading platforms. Offering more than 1,000...

Cryptocurrencies, an Alternative to Fiat Currencies Not Yet a Replacement

Cryptocurrency and blockchain technology have already created ripples in the world of finance and technology and revolutionized the way currency has been traditionally viewed. It...

Here’s How You Should Proceed Ahead With Crypto Investment in 2020

The growing popularity of cryptocurrencies has started a new trend of crypto investment wherein investors are ditching traditional stock markets in favor of cryptocurrency exchanges...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox