Skip to main content

Binance CEO Virtually Meets Turkish Finance Minister to Discuss Crypto

The chief executive officer of the Binance exchange met with Turkey's finance minister

Turkey is a technology-adopting country, and government institutions are supportive of crypto and blockchain technology adoption. In the previous 2-3 years, the Turkish Lira's value versus the US dollar has plummeted dramatically, putting extra pressure on Turkish citizens to invest in stablecoins and Bitcoin in order to combat inflation.

On July 27, Turkey's Finance Minister, Nureddin Nebati, took to Twitter to inform his followers that he had met with Changpeng Zhao, CEO of the Binance exchange. The entire debate revolved around the cryptocurrency and blockchain industries.

Because neither the Binance CEO nor the Turkish minister discussed specific crypto-related issues, we can conclude that the conversation was mostly about formal crypto regulation, adoption, and revolution.

Binance has a big Turkish consumer base


It is worth noting that Turkey is the top country for Binance exchange because it has the highest number of Binance customers.

Binance recently opened a customer care support facility in Turkey as a pilot. If Binance receives better results from its newly built physical customer care centre, it will open more such offices in other countries.

The global economy, particularly Turkey's, suffered greatly as a result of the Covid-19 pandemic. The country's situation deteriorated due to an economic downturn and a drop in the value of the Turkish Lira. Over the previous six months, the government has worked on an international level to make its economy more dependent on and integrated with the economies of other emerging countries. Turkey, in particular, had a collaborative meeting with bitcoin-friendly El Salvador to trade resources.
Labels:

Comments

Post a Comment

Popular posts from this blog

Starbucks Teases Web3 Updates to Its Well-Known Rewards Program

To better engage customers, the global coffee firm is looking to digital collectibles Starbucks CEO Howard Schultz stated that Web3 will play a role in the future of the famous rewards programme. During the company's third-quarter 2022 earnings call on Tuesday, Schultz stated, "We've been working on a really fascinating new digital effort that extends on our existing industry-leading digital platform in inventive new ways, all focused on coffee and—most importantly—loyalty." According to Schultz, the new digital project will be unveiled on September 13 during the company's annual Investor Day event in Seattle. Starbucks will be able to expand on its present rewards engagement model while also introducing new techniques of emotionally connecting customers, according to Schultz, While giving a wider variety of awards and strengthening its "digital third place community" strategy. The term 'third place' refers to a community space located between ho...
1 comment
Read more

Together with Solana, Polygon is bringing Web3 to smartphones.

To provide NFTs on its new phone, tech firm Nothing has partnered with the Polygon network Together with Solana, polygon brings web3 Smart Phones. Polygon is tool for Ethereum scaling. For its new Android-based Nothing Phone, Nothing has partnered with the Polygon network to deliver non-fungible tokens (NFTs) (1). The NFT Project, also known as "Nothing Community Dots," works by airdropping tokens to Nothing community investors. These tokens allow investors to access benefits like first access to new goods and events. Invitations to Nothing Phone (1)'s debut on July 12 in London are some of the initial perks. It was "very encouraging to see an innovator like Nothing embrace Web3 from the get-go, enabling direct access to Web3 by collaborating with Polygon," said Sandeep Nailwal, co-founder of Polygon.
Post a Comment
Read more

A Croatian Web3 firm provides NFTs with lifelong Netflix and Spotify subscriptions

Buyers would receive a digital debit card in addition to the subscription-based unique NFT, which has a cap of 10,000, and use it to pay for their membership. Developer of Web3 subscription and ticketing solutions Revuto debuted a ground-breaking Netflix and Spotify subscription strategy on Friday using a nonfungible token (NFT) method. Through its Revolution NFT, Revuto announced that it would provide a lifetime digital subscription to Netflix and Spotify. The customised subscription model would be available to a total of 10,000 users. The head of business development at Revuto, Dino Ivankovic, described how these NFTs with subscription models could develop into a different ecology. To Cointelegraph, he said: "We want to give users more discretion. By distributing or selling unused memberships to people who would utilise them, individuals will be able to make money utilising NFT technology. In the future, users may even be able to rent it." The ability to trade these subscri...
Post a Comment
Read more