Skip to main content

Turkey does real business with virtual money

Bitcoin usage is on the rise in Turkey, where businesses in various sectors, from informatics and engineering companies to pharmacies and taxi stands, have come to accept the virtual currency.
RTS1F2GQb.jpg
Read in 

Bitcoin — the global “ownerless” money — is becoming a common currency used in many commercial transactions, growing beyond just being an investment instrument that often makes headlines for its rapid appreciation. Although it has no legal basis in any country, the use of bitcoins has been increasing globally, including in Turkey, where an extensive online infrastructure is already in place.

Its daily value can be tracked on platforms such as btcturk.com, coin-turk.com, paribu.com and koinim.com. Some of those sites function as 24-hour money markets.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.