National Digital Money Working in Turkey

[Bogeyman]

Central Bank President Naci Ağbal said, "There is an R&D project started on digital money. Currently, the conceptual phase of this project is completed. We aim to start pilot tests in the second half of 2021".

TCMB Başkanı Ağbal: Enflasyon hedefi olarak yüzde 5'e inanıyorum

TCMB Başkanı Ağbal, enflasyon hedefi hakkında, "Ben yüzde 5'e inanıyorum. Başka ülkeler enflasyonu yüzde 1-2'de tutuyor da Türkiye Cumhuriyeti neden tutamasın? Bizim ne eksiğimiz var? Yapabiliriz." dedi. - Anadolu Ajansı

www.aa.com.tr

The Digital Transformation of Payment Systems: The Potential for Mobile Money to Achieve Turkey's 2023 Goal as Cashless Society

Istanbul University Press

iupress.istanbul.edu.tr

For more, you can review my series.

https://twitter.com/i/web/status/1342094437917356034

 

[Bogeyman]

The first step was taken in the Digital Turkish Lira R&D project

With the participation of TCMB, ASELSAN, HAVELSAN and TÜBİTAK BİLGEM, it has started the next phase of the Digital Turkish Lira Research and Development project by creating a Digital Turkish Lira Cooperation Platform.

In the announcement made by the Central Bank of the Republic of Turkey, it was reported that the Bank continues to explore the potential contributions of the digital Turkish lira circulation, which is complementary to the existing payments infrastructure.

In the announcement, it was stated that the process, which started with the completion of the proof of concept work within the scope of the Central Bank Digital Turkish Lira R&D project, has been moved to the next stage with the participation of technology stakeholders. To this end, the Central Bank signed bilateral memorandums of understanding with ASELSAN, HAVELSAN and TÜBİTAK-BİLGEM and created a Digital Turkish Lira Cooperation Platform." it was said.

In the announcement, it was stated that the platform is planned to be expanded with new participations in the light of the findings of the first phase, where the pre-application tests of the strategic and critical technologies related to the project will be made, and the following was noted:

“Within the scope of the first phase pilot implementation studies, the prototype 'Digital Turkish Lira Network' will be established at the TCMB and narrow-scope and closed-circuit pilot tests will be carried out with technology stakeholders. It is also planned to carry out tests that may require diversity within the scope of the Digital Turkish Lira R&D project on topics such as technology, use of distributed structures in payment systems, integration with instant payment systems. There is no final decision taken by the TCMB for the circulation of the digital Turkish lira. All studies are experimental AR -GE activities are carried out in accordance with its principles."

The announcement emphasized that after the capacity measurements of different technological alternatives are completed and the trials of architectural fictions are completed, it is aimed to determine whether the existing technologies can meet the economic, legal and financial requirements related to the digital Turkish lira. The results of phase one will be shared with the public in 2022 following the completion of the tests.

Dijital Türk Lirası Ar-Ge projesinde ilk adım atıldı

TCMB, ASELSAN, HAVELSAN ve TÜBİTAK Bilişim ve Bilgi Güvenliği Araştırma Merkezi'nin katılımıyla Dijital Türk Lirası İşbirliği Platformu oluşturarak Dijital Türk Lirası Araştırma Geliştirme projesinde bir sonraki aşamaya geçti. - Anadolu Ajansı

www.aa.com.tr

 

[Bogeyman]

The first step was taken in the Digital Turkish Lira R&D project

With the participation of TCMB, ASELSAN, HAVELSAN and TÜBİTAK BİLGEM, it has started the next phase of the Digital Turkish Lira Research and Development project by creating a Digital Turkish Lira Cooperation Platform.

In the announcement made by the Central Bank of the Republic of Turkey, it was reported that the Bank continues to explore the potential contributions of the digital Turkish lira circulation, which is complementary to the existing payments infrastructure.

In the announcement, it was stated that the process, which started with the completion of the proof of concept work within the scope of the Central Bank Digital Turkish Lira R&D project, has been moved to the next stage with the participation of technology stakeholders. To this end, the Central Bank signed bilateral memorandums of understanding with ASELSAN, HAVELSAN and TÜBİTAK-BİLGEM and created a Digital Turkish Lira Cooperation Platform." it was said.

In the announcement, it was stated that the platform is planned to be expanded with new participations in the light of the findings of the first phase, where the pre-application tests of the strategic and critical technologies related to the project will be made, and the following was noted:

“Within the scope of the first phase pilot implementation studies, the prototype 'Digital Turkish Lira Network' will be established at the TCMB and narrow-scope and closed-circuit pilot tests will be carried out with technology stakeholders. It is also planned to carry out tests that may require diversity within the scope of the Digital Turkish Lira R&D project on topics such as technology, use of distributed structures in payment systems, integration with instant payment systems. There is no final decision taken by the TCMB for the circulation of the digital Turkish lira. All studies are experimental AR -GE activities are carried out in accordance with its principles."

The announcement emphasized that after the capacity measurements of different technological alternatives are completed and the trials of architectural fictions are completed, it is aimed to determine whether the existing technologies can meet the economic, legal and financial requirements related to the digital Turkish lira. The results of phase one will be shared with the public in 2022 following the completion of the tests.

Dijital Türk Lirası Ar-Ge projesinde ilk adım atıldı

TCMB, ASELSAN, HAVELSAN ve TÜBİTAK Bilişim ve Bilgi Güvenliği Araştırma Merkezi'nin katılımıyla Dijital Türk Lirası İşbirliği Platformu oluşturarak Dijital Türk Lirası Araştırma Geliştirme projesinde bir sonraki aşamaya geçti. - Anadolu Ajansı

www.aa.com.tr

Turkish defence companies are developing digital currency in partnership with the Central Bank.

@Cabatli_53 @Saithan @T-123456 @Anmdt @Kartal1 @Combat-Master @Zafer @Nein2.0(Nomad) @Fuzuli NL @Yasar @Nutuk @neosinan

 

[Saithan]

Turkish defence companies are developing digital currency in partnership with the Central Bank.

@Cabatli_53 @Saithan @T-123456 @Anmdt @Kartal1 @Combat-Master @Zafer @Nein2.0(Nomad) @Fuzuli NL @Yasar @Nutuk @neosinan

I think they mean cash free society. digital currency already exists. e.g. Mastercard, Visa, etc.

Well I hardly every have cash on me. I use my visa, and something I use an app developed by Danske Bank "Mobilepay" from my cellphone which makes paying easier. Some prefer to register their visa on their phone like with Iphones. But I'm not there yet. I don't like the idea of handing over that much information to a company in the US.



EDIT: They should make sure payment can't occur without money in the bank, no credit!

 

[Zafer]

A credit card gives credit, shows who owes what amount to whome. Digital cash on the other hand is owned by the holder and transfered instantly without requiring a settlement in a set amount of time, as I see it.

 

[Ryder]

I still prefer cash but nowadays I mostly use card.

I got with the times.

 

[Yasar_TR]

A credit card gives credit, shows who owes what amount to whome. Digital cash on the other hand is owned by the holder and transfered instantly without requiring a settlement in a set amount of time, as I see it.

Good for money laundering and untraceable cash transactions. Clears the way to widespread fraud at all levels too!!
It needs very strict third party control mechanisms in place before it is usable. It needs to be extra safe!

 

[Glass🚬]

A credit card gives credit, shows who owes what amount to whome. Digital cash on the other hand is owned by the holder and transfered instantly without requiring a settlement in a set amount of time, as I see it.

Isnt that beautiful? All the 3rd parties fall away and u decide over ur own money. Also as long as it isnt something like monero transactions will be tracable on the blockchain.