AK Party Group Deputy Chairman and former Finance Minister Mustafa Elitaş met with the Shiba Inu (SHIB) community. According to SHIB lead developer Shytoshi Kusama, the news is compelling for the Shiba military as a country’s economy minister discusses the Shiba Inu. Mustafa Elitaş studied Shiba Inu Turkey and Shiba Inu. cryptocoin.com We are giving the details as…
Shiba Inu transactions surpassed Bitcoin
Shiba Inu Turkey held a face-to-face meeting with Turkish Parliamentary Officials under the chairmanship of Mustafa Elitaş to discuss the Shiba ecosystem. The development is due to the fact that trading activity in Turkish lira pairs with SHIB and Tether during a sharp devaluation of the lira in 2021 and 2022 is five times higher than in Bitcoin.
The Turkish lira weakened against the dollar nine times in 2021. Since the beginning of 2022, the currency has continued to decline slightly. The Turkish lira was the third most declining currency in the world against the dollar, with only the Cuban peso and the Libyan dinar performing worse than the lira. Sabri Aygün, an Istanbul-based crypto investor, said:
The priority of Turkish citizens is gold and dollars. They also buy cheap cryptocurrencies like SHIB, VET, XRP as BTC is expensive. Traders in Turkey also use Tether as a tool for dollar exposure. I keep USDT because it’s fast and cheap to send USDT to different exchanges and also switch between spot and futures.
Investors in Turkey turn to Shiba Inu
At the time of writing, a Bitcoin is trading around 574,546.98 lira, USDT is 14.6 lira and a Shiba Inu is almost 0.00033622 lira. The continued depreciation of the lira, the reputation of the Shiba Inu and its ever-evolving ecosystem have prompted the Turkish population to invest heavily in SHIB. Therefore, SHIB was discussed by Mustafa Elitaş with the SHIB army in Turkey. Meanwhile, SHIB’s creator, Shytoshi, tweeted to Shiba Inu Turkey, “Great news. Global adoption continues to grow. Thank you Shib Army!”, he replied. He also thanked Mustafa Elitaş for meeting with the SHIB community in Turkey.
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