Turkey Taking the Centre Stage in the World of Blockchain in 2020

Turkey is making huge strides toward becoming one of the world’s premier locations for blockchain and cryptocurrency adoption. A nation that has often been seen as a key strategic partner to the world’s biggest and  most influential countries due to its positioning between east and west might yet become the central hub for this nascent industry.

Some might call it unsurprising, given that inflation hit levels of 25% as of October 2018, shortly after the U.S. sanctions crippled an already struggling Turkish economy failing to recover from the 2016 coup attempt. These factors, coupled with low interest rates and an upcoming debt crisis, have led to a hugely volatile lira that is forcing Turks to look elsewhere to generate profit.

However, out of the ashes of the economy, a bright ray of opportunity is now facing the country, and it’s in a prime position to capitalize on its passion and enthusiasm for this technology, with 2020 set to be the year that catapults Turkish ambitions…