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With Turkey residents losing a convenient option for sending and receiving payments online, the country’s online payment sector is gradually yielding to a free control market with the uptake in Bitcoin use.
BTCTurk, a Turkish Bitcoin exchange which launched in July 2013, has terminated its operations in Turkey after local banks closed the main accounts of the company without prior notice.
Personal data of 55 million Filipinos, including their fingerprints, was recently hacked and posted online, but the international media don't seem concerned.
Originally known as Bit-X, CoinsBank is set for its first Blockchain summit, which will be held on October 6 - 9 2016 in Belek, Turkey
The Turkish Lira has fallen at least 5 per cent as reported by Reuters. This is a 3 week low against the US dollar. At the time of writing Turkish Lira was seen trading at 3.0300 Lira against the greenback.
A recent survey from ING aiming to gain better understanding of retail customers' banking and spending habits, suggests that Turkey is the country where digital currencies have the highest acceptance rate.
Berlin-based MK Payment and Dutch bit4coin partner up to bring Bitcoin to the masses, as the two companies launch eVoucher program Bitupcard to enable locals to purchase Bitcoin at retail stores in Turkey.
“Any words that have ‘currency’ in them attract a lot of attention from certain governmental institutions.” – Orhan, QuazarCoin Founder
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