• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Ripple Partner Terrapay Gets Acquired For Undisclosed Sum
Nexo

Binance Drives Crypto Adoption, Partners With Turkey’s Largest Bank

Christina Comben by Christina Comben
2 years ago
in Bitcoin Exchange, News, News teaser
0

Turkey seems to be on a tear when it comes to cryptocurrency. And Binance is leading the pack at bringing more fiat on-ramps. Now, in a match made in heaven, the largest cryptocurrency exchange and Turkey’s biggest bank Akbank have teamed up.


Turkey Steams Ahead with Cryptocurrency Projects

According to a post on the company blog this morning, Binance is going all-in on Turkey by teaming up with its largest bank. Turkish users will now be able to instantly deposit and withdraw using Turkish Lira. This is the:

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

First Bank Ever to Integrate Directly with #Binance

First Bank Ever to Integrate Directly with #Binance: @Akbank

Beginning today, users will be able to instantly deposit and withdraw Turkish Lira (TRY) on Binance via desktop and the iOS App with the most competitive fees in Turkey.https://t.co/V8tSlzJByp

— Binance (@binance) March 2, 2020

Perhaps this should come as no surprise. The Turkish government appears to be getting serious where cryptocurrency is concerned.

Several months ago, they confirmed plans for a Turkish central bank-backed digital currency in 2020. The country’s largest settlements bank Takasbank has begun digitizing gold and other commodities.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Turkey’s seventh-largest city Konya also revealed plans for its own cryptocurrency called ‘City Coin’ recently. It plans to use this to drive improvements in local government services and infrastructure. And Binance CEO Changpeng Zhao (CZ) was recently announced as a speaker at the upcoming Istanblock conference in Istanbul in April.

Beyond government initiatives, what attracts Binance the most has to be the high level of awareness and usage of cryptocurrencies in this country. According to a survey by Statistica one in five Turkish people own or use cryptocurrencies to some degree–the highest in the world.

Akbank and Binance Team Up

Akbank, as CZ reminds us, is not only the first bank to integrate directly with Binance. It’s also the biggest bank in Turkey:

Also happen to be the BIGGEST bank in #Turkey.

You asked for it, we #buidl. https://t.co/p0WKxATSuN

— CZ Binance 🔶🔶🔶 (@cz_binance) March 2, 2020

According to the announcement, Binance will now offer support for the Lira in Turkey. Users will be able to interact in a manner of ways, either through Binance desktop or its iOS App – “with the most competitive fees in Turkey.”

Binance with its many different businesses from Cloud services to derivatives seems to be expanding everywhere. But one of its main achievements has to be the amount of fiat on-ramps the company is achieving. The exchange now provides support for a number of global currencies including the Argentine peso, Turkish Lira, British Pound Thai Bhat. CZ stated:

As part of our mission to continue working on increasing the freedom of money worldwide and notably in a country that is fast-adopting digital assets, we are expanding the available options to lower the barrier to entry.

He added that as the industry grows, so should the products and services:

the availability and process of investing, exchanging and trading crypto will become more and more seamless.

What do you think of the new Binance partnership with Akbank? Add your thoughts below!


Images via Shutterstock, Twitter @cz_binance @binance

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christina Comben

Christina Comben

Related Posts

Phishing

Phishing Criminals Steal $70,000 Using Beeple’s Hacked Twitter Account

7 hours ago
Bitcoin

Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(K) Plans

23 hours ago
DAI

DAI Emerges Strong Despite Terra’s Downfall

1 day ago
Crypto

Cryptocurrency Is ‘Worthless,’ European Central Bank President Says

1 day ago
Crypto

Crypto Disaster: Ethereum Co-Founder Vitalik Buterin Claims He’s Not A Billionaire Anymore

1 day ago
A16z

A16z Rolls Out $600 Million Gaming, Web3 And Metaverse Dedicated Fund

1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.