Bitcoin in the Wild: Sabiha Gökçen Int Airport \ stacker news ~bitcoin

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Bitcoin in the Wild: Sabiha Gökçen Int Airport

401 sats \ 12 comments \ @denlillaapan 25 Apr bitcoin

This blanketed ad is all over Istanbul's (absolutely stunning and beautiful) airport.

BTC is allowed and/or a big thing in Turkiye?

Google tells me it's some sort of bitcoin-fintech service provider (i.e., here: https://www.btcturk.com/)

Stackers know anything more?

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5 sats \ 5 replies \ @Signal312 21h

Google translate of their mission statement:

To ensure the correct understanding of Bitcoin, to promote and disseminate it Protecting the prestige of Bitcoin and the cryptocurrency sector Provide a new generation of secure and accessible self-service financial services for users

I'd be surprised if there's a way to withdraw to self custody. Isn't Turkey in the midst of huge inflation, with capital controls?

I did a bit of research - searched on their site, with google translate. Here's what I found on their website, about withdrawal. Looks like you can only withdraw to an approved bank, in Turkish lira.

Turkish Lira Towing Operations BtcTurk | You can withdraw 10 TL and above from your crypto account to a Turkish Lira account opened in your name at any bank located in Turkey.

Withdrawal to Akbank Account BtcTurk | Withdrawal requests from your crypto account to the Turkish Lira account opened on your behalf in Akbank, including the official holidays 7/24, 10 TL and above will take place on the same day.

Withdrawal to Denizbank Account BtcTurk | The withdrawal requests from your crypto account to the Turkish Lira account opened on your behalf in Denizbank in 10 TL and above will take place within EFT hours (09.00-16.45).

Withdrawal to Fibabanka Account BtcTurk | The withdrawal requests from your crypto account to the Turkish Lira account opened for you in Fibabanka will take place within EFT hours (09.00-16.45).

Withdrawal to Turkish Business Bank Account BtcTurk | To the Turkish Lira account opened in your name in the Turkish Business Bank from your crypto account, including the official holidays 7/24 10 TL and above withdrawal requests will be made on the same day.

Withdrawal to a FoundationBank Account BtcTurk | Withdrawal requests from your crypto account to the Turkish Lira account opened in your name on FoundationBank, including the official holidays 7/24, 10 TL and above will take place on the same day.

Withdrawal to Structure Credit Account BtcTurk | Your crypto account Yapi Kredi to your name Turkish Lira account, including the official holidays 7/24 10 TL and above withdrawal requests will be made on the same day.

Withdrawal to Ziraat Bank Account BtcTurk | Your crypto account to the Turkish Lira account opened in your name in Ziraat Bank including the official holidays 7/24 10 TL and above withdrawal requests will be made on the same day.

Withdrawal to Other Banks by EFT: BtcTurk | After your crypto account, Akbank, Turkey Business Bank, FoundationBank, Yapi Credit and Ziraat Bank, except for any bank in Turkey opened in the name of the Turkish Lira accounts during working hours 10 TL and more withdrawal requests will be made on the same day;

Withdrawal with FAST With FAST (Funds Instant and Continuous Transfer) payment system, which is offered by the Central Bank of the Republic of Turkey (TCMB), you can make your requests to withdraw Turkish Lira within the FAST limits of BtcTurk | Kripto to your accounts in the FAST payment system 7 days 24 hours.

0 sats \ 4 replies \ @denlillaapan OP 21h

Ugh, I see... So you can get price exposure but nothing else?

13 sats \ 2 replies \ @Signal312 21h

Seems like it. With that kind of government support, I'd be surprised it it wasn't a big scam.

34 sats \ 1 reply \ @denlillaapan OP 19h

Yeah, true. I'd be careful ...

Still odd that it's marketed and widely available at the nation's main airport

10 sats \ 0 replies \ @Signal312 18h

Here's my tin-foil hat analysis - it's heavily sponsored/promoted by the government.

They get bitcoin to "custody" and then give you back Turkish Lira, on their schedule, and subject to whatever confiscatory taxes they desire.

19 sats \ 0 replies \ @Signal312 21h

Also, image the taxes on it. The price of the Turkish Lira will have plummeted, and you have to pay taxes on all those false gains.

0 sats \ 5 replies \ @Undisciplined 23h

@Natalia?

30 sats \ 4 replies \ @Natalia 16h

it's exchange and got ads all over the new airport ( IST) as well.

0 sats \ 3 replies \ @Undisciplined 16h

On the broader point, though?

What's the general attitude towards bitcoin in Turkey?

26 sats \ 2 replies \ @Natalia 16h

Most people prefer gold, especially the old; the young depends: some into shitcoin, a few into Bitcoin, and most don't care.

Shops prefer cash.

36 sats \ 1 reply \ @teemupleb 15h

Last year in Istanbul I remember it was hard to find merchants accepting bitcoin on BTC Map.

I suppose people are hodlers in Turkey because the local currency is so weak.

0 sats \ 0 replies \ @Undisciplined 15h

I've never been anywhere with good options on BTC Map, so it might not mean much.

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