Turkey Embraces Bitcoin as Inflation Hits 24 Year High

2022-7-5 14:30

Turkey’s inflation rate has hit its highest level in 24 years, with the annual inflation rate now at 78. 62%. The Turkish Statistical Institute published the figure, with the monthly increase being 4.

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Experts say blockchain’s value lies in crypto

Inflation has caused many Turks to turn to cryptocurrency to weather their currently unstable economy as opposed to using the Turkish lira. After Turkey’s President, Recep Tayyip Erdoğan made it official that Turkey is in the process of formulating a cryptocurrency law, Turkish legislators met with cryptocurrency gurus in hopes of knowing more about the […] The post Experts say blockchain’s value lies in crypto appeared first on Invezz.

2022-2-1 02:02