The cryptocurrency industry is gradually expanding, especially in countries with emerging economies. In the heart of Istanbul, a tourist city located in Turkey, several shops dedicated to the sale of crypto assets have been set up. Their goal: to make bitcoin (BTC) more available to the general public.
Bitcoin in Istanbul areas
In a context marked by hyperinflation, Istanbul does not intend to miss the train of the emergence of cryptocurrencies. There are many shops in the city that specialize in the sale of cryptoassets. Among them, there is Kapital Bit Coins, a typical brand of those found in the region.
The startup established itself in the city to facilitate the purchase of cryptocurrencies. It is one of the first physical crypto outlets based in Turkey. It provides unlimited and secure access to digital assets such as bitcoin, litecoin (LTC) and ether (ETH). In addition, regarding transaction fees, the company does not apply fixed rates. These vary on a case-by-case basis depending on supply and demand.
Kapital Bit Coins also offers services exchanging of cryptocurrencies. It also provides the ability to pay for goods and services using crypto. The shop is open Monday to Friday from 9am to 6pm and Saturday from 9am to 3pm
The problem of inflation
The proliferation of Bitcoin stores is due to the threat of poor financial health in countries with failing economic systems. Turkey’s inflation reached 176.4% for the year last month. This raises questions among the population. However, this trend can be observed in most countries around the world. A very alarming phenomenon that opens the way for a general awareness of the importance of cryptocurrencies.
In some countries, inflation has reached record levels. Cryptocurrencies emerge as the best solution for wealth preservation. Fortunately, entrepreneurs are taking the initiative to bring bitcoin locally to these regions.
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I came to blockchain out of curiosity and stayed with it out of passion. I was amazed by the possibilities it offers through its various use cases. With my pen, I hope to help democratize this technology and show how it can help make the world a better place.