Blockchain.com launches the full integration of the Turkish Lira banking as a payment gateway native to Turkey
Blockchain.com has launched a complete banking integration for Turkish Lira (TRY) to create a native payment gateway for users to deposit and withdraw Lira on their trading platform. With this development, users in Turkey no longer have to incur high rates and conversion rates of third-party payment processors. Turkish merchants have always been one of the most active countries in the company’s exchange since its launch last summer.
Portal of the native Turkish Lira
Blockchain.com, the well-known provider of cryptocurrency products with more than 40 million wallets created to date, has launched a full banking integration for Turkish Lira (TRY) to create a native payment gateway for users to deposit and withdraw Lira in blockchain. with Exchange Turkish users can now go from account creation to buying crypto without having to use a third-party payment processor. On the trading platform, Turks can now deposit, withdraw and use TRY to buy BTC, ETH and USDT bitcoin and convert their crypto into the fiat currency of their choice.
“Turkey is one of the countries leading the task of adopting cryptocurrencies, but its merchants have only encountered high rates and poor service,” says Peter Smith, co-founder and CEO of Blockchain.com. “Blockchain.com is dedicated to providing a fair and global market for cryptocurrency traders in Turkey, and to set a new standard for service that not only should they expect, but that demand exchanges or Exchange.”
Economic concerns regarding the stability of the local fiat drove the adoption of cryptocurrency in Turkey to grow faster than in most countries. At the beginning of the year, it was reported that Turkish authorities, alarmed by the rapid spread of cryptocurrencies in the country, are intensifying efforts to introduce greater supervision in the sector.
Local media revealed that regulators are under pressure to increase supervision due to the increasing popularity of decentralized encryption assets among the Turks. Turkey has an estimated 1 million investors, according to local reports, and a fifth of Turkish respondents in the Global Consumer Survey last year by Statista said they used or owned cryptography, as news.Bitcoin.com reported in June of 2019.
Blockchain.com is one of the most reliable companies in the digital asset space, and has raised more than $ 70 million in funds from investors such as Lightspeed Venture Partners and Google Ventures. He is also known for being friendly with the BCH community, integrating cryptocurrency into its services. About a year ago, for example, the company launched a Bitcoin Cash block explorer that allows users to search for detailed information on specific BCH blocks, verify if a transaction has been confirmed, view the balance of a wallet address, monitor market prices and even view network transactions in real time.
Recently launched a retail exchange focused on high-speed performance. Since its launch in August, the Blockchain.com trading platform has continued to adopt new features and assets. It now supports deposits and withdrawals in pounds, US dollars, euros and Turkish lira, and is available in 190 countries. In the last two months, the site launched an API for algorithmic operators, listed the Algorand cryptographic project and the gold-backed DGLD token, increasing its asset offering to 36 pairs of live operations.
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