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top-crypto-news Middle East

Turkish Grand Assembly Member met with enthusiasts to talk about Shiba Inu

March 10, 2022
Reading Time: 4 mins read
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shiba-token-unsplash
What is Shiba Inu?

Shiba Inu (SHIB) is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem.

Turkey’s Minister of Economy, Mustafa Elitas, met with representatives of the Shiba Inu community in the country to discuss the adoption of SHIB.

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***

Shiba Inu is one of the doggy meme cryptocurrencies that, along with Dogecoin -its rival, has a large and enthusiastic community of followers around the world. At Twitter there is a “crypto-army” that defends it tooth and nail. Media, as in the case of Finbold The crypto, born in 2021, gained a million followers last year and 200,000 more in the first quarter of this year.

This week’s news is that members of the SHIB community in Turkey managed to talk to a high authority in that country about this currency.

According to the information, shared on Twitter, the deputy chairman of the AK Party Group, member of the Turkish Grand Assembly and former Turkish Minister of Economy Mustafa Elitaş discussed the adoption of the SHIB with Shiba Inu Türkiye (a pseudonym on Twitter), a member of the “SHIB army” from Turkey.

In particular, Shiba Inu Türkiye had a face-to-face discussion with Turkish Parliament officials, chaired by Mustafa Elitaş, during which the SHIB ecosystem was addressed, according to a March 9 tweet from the project’s self-proclaimed lead volunteer Shiba Inu, Shytoshi Kusama, quien agradece al político por la reunión con el miembro del ejército Shiba en el país.

“NOTICIAS FANTÁSTICAS. ¡La adopción global continúa creciendo! Ejército Shiba. Gracias @mustafaelitas por reunirte con @shibaturkish!!!”

FANTASTIC NEWS. Global adoption continues to grow! #Shibarmy Thank you . @mustafaelitas for meeting with @shibaturkish !!! https://t.co/hslz83DAYY

– Shytoshi Kusama™ (@ShytoshiKusama) March 9, 2022

He in turn shares the tweet from the community member who met with the politician:

Today we had a face to face meeting with our esteemed minister @mustafaelitas about the #shiba ecosystem at @TBMMresmi .

We thank you for inviting us to your presence.

#ShibArmy #ShibaTürkiye #KriptoYasası

Bugün değerli bakanımız @mustafaelitas ile #shiba ekosistemi hakkında @TBMMresmi ‘de yüz yüze bir görüşme yaptık.

Kendilerine bizi huzuruna davet ettiği için teşekkürlerimizi iletiyoruz. #ShibArmy #ShibaTürkiye ???????? #CryptoYasas pic.twitter.com/oF4BuYw7O7

– Shiba Inu Türkiye (@shibaturkish) March 9, 2022

It is worth noting that several users asked what were the results of the meeting and there was no answer. One user, moreover, said, laughing: “What can he do?

Mustafa Elitas, meanwhile, did not share anything on Twitter about the meeting that took place yesterday. Nor is there any allusion to it on the social network a network refers to all nodes in the operation of a blockchain at any given moment in time. account an account is essentially a whose purpose is to track the financial activities of a specific asset/ of the Grand National Assembly of Turkey. However, several media outlets published the news of the meeting.

Shiba adoption in Turkey

As reported by Finbold, the thing is that Shiba is widely used in Turkey, as it was developed precisely in periods of rapid depreciation of Turkey’s fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. currency, the Turkish lira, in 2021 and 2022, “which resulted in trading activity in Turkish lira pairs with Shiba Inu and Tether being more than five times that of Bitcoin.”

“The data shows that despite the instability facing the lira, local traders are still attracted to the exceptional returns associated with currencies like SHIB.” dijo a CoinDesk Strahinja Savic, head of data and analytics at Toronto-based cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. platform a place to buy, sell and store cryptocurrency FRNT Financial.

Vale señalar que no es un país que ha sido amigable con las cripto. De hecho, en septiembre del año pasado, the president of that nation said he was at war with them. . However, more recently, in January of this year, asked to examine use cases for both cryptocurrencies and the metaverse.

Sources: Twitter, Finbold , archivo

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