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Recently chinese Government announced about its plans for their own digital currency. Now race has started between countries for digital currency of countries. another country turkey may enter the race by creating national own digital currency name as Lira. what u guys think more countries will enter the race or not ?
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The Turkish government has repeatedly announced its intention to issue a "national digital currency", through which it aims to revitalize the country's economy and confront the major complications it has faced recently. Turkey has made important strides in its endeavors within this framework, where Turkish official sources announced that the central bank will finish testing the lira-based digital currency by the end of next year 2020. The Turkish economic authorities aim to establish a system of immediate payment using the digital lira, and the application of "Block Chain" systems in transportation, administration and public services Readings by experts and researchers in the Turkish economy indicate that the digital lira based on the country's official currency represents an important haven for dealing with major economic problems such as inflation, unemployment and stagnation. Will Turkey do this in your opinion ??
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Will the fall of the Turkish currency raise the price of Bitcoin? After the drop of the lira, the Turks are seeking to explore Bitcoin and other cryptocurrencies, as Bitcoin and other cryptocurrencies Turkey seeks to discover, especially after the witnesses of the Turkish lira currency TRY, a clear decline in the midst of tremendous economic uncertainty and the availability of many opposing views towards solutions. As citizens of Turkey turned to Google at this time in order to explore Bitcoin and other crypto assets. It is worth noting that interest in cryptocurrencies has increased at a time when the Turkish lira witnessed a decline of 14%, specifically after President Recep Tayyip Erdogan dismissed the governor of the Central Bank of Turkey, called Nasi Aghbal, on the previous Saturday, corresponding to March 20, 2021. Will the Turks now invest in the moment to buy bitcoin? Will we witness a big increase in the Bitcoin price? Express it with a comment!