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

Samsung has released the Roblox world's "Space Tycoon" Metaverse Experience

Users in Space Tycoon can create a variety of Samsung items utilizing resources they've unearthed in Roblox. Samsung Electronics has announced Samsung Space Tycoon, a brand-new Roblox experience that takes place inside the Roblox game universe. Users can develop and play games, share their experiences using Samsung devices with alien space characters, and play games in the virtual world. The "tycoon" genre of business simulation games can also provide them with design and functionality cues. According to a notice published by Samsung, Space Tycoon was built specifically to appeal to Gen Z users. Users may customize and enjoy their Samsung items thanks to the service's integrated metaverse experience. They want to provide a possibility for our Gen Z customers to use Samsung products in a way they have never done before. We'll keep showcasing material that gives our present and potential customers more enjoyable and valuable digital experiences.     The recently re...
Post a Comment
Read more

A Massive ETH Upgrade Is On The Way - Devs

The merger aims to address network scalability difficulties. The ETH merging is currently scheduled for September 19. The current ETH price is $1,372.57. Ethereum (ETH) developers are proposing a conditional timeframe for the brilliant agreement stage to be translated into their proof-of-stake system. Tim Beiko, the Ethereum centre creator, stated that the ETH blend is currently planned for September 19. Beiko's timeline was shared by another ETH designer, who noted that the timeframe for the consolidation isn't set in stone. The platform will eventually be capable of handling 100,000 transactions per second The anticipated event will enable Ethereum's mainnet to connect with its Beacon Chain, which is currently running a proof-of-stake system. The consolidation, which will result in Ethereum 2.0, attempts to address the organization's flexibility difficulties by paving the road for future improvements, such as sharding. According to Ethereum primary supporter Vitalik B...
Post a Comment
Read more