The cryptocurrency industry is expanding gradually, especially in countries with emerging economies. In the heart of Istanbul, a tourist metropolis located in Turkey, several stores 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 the districts of Istanbul
In a context marked by hyperinflation, Istanbul does not intend to miss the train of the emergence of cryptocurrencies. The city is home to many shops specializing in the sale of cryptoassets. Among them, Kapital Bit Coins, a typical sign of those found in the region.
The startup has 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). Furthermore, with regard to transaction fees, the company does not apply fixed rates. These vary on a case-by-case basis depending on supply and demand.
Capital Bit Coins also offers services of swapping of cryptocurrencies. It also provides the ability to pay for goods and services using crypto. The shop is open Monday to Friday from 9 a.m. to 6 p.m. and Saturday from 9 a.m. to 3 p.m.
The problem of inflation
The proliferation of Bitcoin stores is due to the threat of poor financial health in countries with failing economic systems. Turkish inflation reached 176.4% for the year last month. This raises questions among the population. However, this trend can be observed in most countries of the world. A very alarming phenomenon which opens the way to a generalized awareness of the importance of cryptocurrencies.
In some countries, inflation has reached record levels. Cryptocurrencies emerge as the best solution to preserve wealth. Fortunately, entrepreneurs are taking the initiative to bring bitcoin locally to these regions.
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