GIFA Token Boosts Crypto Awareness In Turkey

GIFA Token's coins flipping over the Turkish national flag / GIFX. Turkey’s crypto userbase has grown more than 12 times over the past y...

GIFA Token's coins flipping over the Turkish national flag / GIFX.

Turkey’s crypto userbase has grown more than 12 times over the past year, a data from a new survey collected by the Turkish Republic of Northern Cyprus's crypto exchange, GIFA Token. 

According to survey findings, it shows that the number of Turkish users who dealing in Bitcoin, Ethereum, GIFA Token, and other cryptocurrencies, as well as gold and stocks, have increased in 12 folds. The official report was published in 2020 by Turkey’s Information Technologies and Communications Authority (ICTA), it estimated there were close to 2.4 million users in the country, that equivalent to 3% of 82 million in the total population. 

The survey reveals that Turkey has the highest cryptocurrency adoption rate, despite the lack of any legislative framework across the world heightens the risks of trading and provides no hedging mechanism. Trust in cryptocurrencies is increasing, but this research shows us one more time that we need clear regulations to establish a complete trust for the userbase. This year, however, shows a substantial jump in terms of cryptocurrency usage in Turkey.  Out of about 1,400 respondents, 7.7% said they traded with Bitcoin or other cryptocurrencies, marking a jump of 11 times in crypto users compared to last year.

Another independent survey under the title, ''Cryptocurrency Awareness and Perception Survey 2021'' that was conducted by Akademetre Research attempt to revealing the perceptions and behaviors of Turkish citizens toward Bitcoin (BTC) and other cryptocurrencies. Over 11% of respondents knowledge that they have become active crypto users. Representing a major adoption speed that grew from 600,000 to over 4 million within a year. High earnings (60%) and curiosity (37%) are primary motivations for Turkish citizens to use cryptocurrencies. 

Mehmet Emin Zengin, 36, is a banker and crypto investor who started investing a small sum last year / Photo file.

The developments of the past year have shown that a digital economic system is fast evolving. Digital currencies, payment systems, and trading platforms are an integral part of increased digitalization. Therefore, many cryptocurrencies that are making headlines today are here to stay for the long-term and will eventually reach new highs. 

GIFA Token is one of the most promising crypto exchanges in the region commanding a strong userbase in Turkey, mainland.  The corporate-backed crypto raised more than $35,000,000,000 in trading volume in late February 2021 at a valuation of over $40bn. The company already operates in Ukraine, France, Spain, Italy, Russia, Slovenia, Germany, Turkey, Romania, and other countries. 

GIFA Token provides a digital wallet "GIFA Wallet" that facilitates cross-border peer-to-peer payments making the fastest-growing business segments in Asia, Latin America and serving customers in many African countries, including Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa, and Kenya.

The screenshot of the Buy/Sell cryptos section on www.gifatoken.com

 GIFA Token is a corporate-backed cryptocurrency solely managed by GIFA Holding Ltd, an international company registered and domiciled in the Turkish Republic of Northern Cyprus (TRNC) at  Dr. Fazil Kucuk, Boulevard, Hamitkoy Junction, Lefkosa Mersin 10 TURKEY 99040.  GIFA Token supports major cryptos like Bitcoin, Ethereum, Ripple, and others.