Straight Talk: Episode 72 with Cameron Deggin | A Potential Shift Towards Electronic Money

In this episode of Straight Talk, Alaattin Kılıç and Cameron Deggin discuss the potential introduction of Digital Turkish Lira (DTL) into the current payments infrastructure. Although Turkey is no stranger to electronic money, DTL may further facilitate future real estate transactions for both domestic and foreign property buyers. However, we thought it would be best to invite a more knowledgeable person about Central Bank Digital Currencies to help us understand the effects of digitalizing Turkish lira on all stakeholders. Kaya Özyürek, a UCL student and the ParaAnaliz Finance Editor, joined this episode only to provide his knowledge about CBDCs. Turkey is attempting to join the list of countries adopting CBDCs. As of 15 September, the Central Bank of the Republic of Turkey (CBRT) said it secured agreements with defense and technology firms to cooperate for research and development of the digital currency. The CBRT plans to diversify the scope of the Digital Turkish Lira R&D Project into blockchain technology, the use of distributed ledgers in payment systems, and integration with instant payment systems once the preliminary tests are completed in 2022.(00:00) Introduction(02:19) Digital Turkish Lira & Its Benefits(05:04) Why Turkey Is Trying To Introduce Its CBDC(06:51) DTL & Real Estate Transaction Costs For Crypto Investors(11:45) Why CBDCs May Or May Not Appeal To Some Investors(13:27) Digital Turkish Lira's Medium-Term RelevanceReach us at:Whatsapp: wa.me/908505325195 |Website: www.propertyturkey.com |Instagram: www.instagram.com/propertyturkeycom |YouTube: www.youtube.com/PropertyTurkeyCom