Yesterday, Binance announced a partnership with Akbank, one of the largest banks in Turkey.

Now, users of the Binance platform can use the bank to deposit and withdraw Turkish lira directly.

In a statement announcing the new partnership, Binance said that buying cryptocurrencies in Turkish lira is already possible through its partnerships with companies such as Simplex and Kondal.

But the partnership with “Akbank” now allows Turkish users of Binance platform more competitive fees in Turkey.

and in a permit To Mr. Changpeng Zhao, CEO of Binance, about the new partnership:

As part of our mission to continue working to increase the freedom of money around the world and especially in a country that is rapidly adopting digital assets, we are working to expand the options available to lower the barrier to entry.

Read:The stable digital currency “Tether” is retreating for the first time from its ownership percentage to less than 75%

Binance said Akbank is the first bank to integrate directly with Binance.

Zhao added in his statement:

As the industry evolves with our products and services growing side by side, the availability and process of investing, trading and crypto trading will become much smoother.

Partnering with big banks looks like a diversion from old money, which has historically refused to do business with crypto companies.

Like many other crypto companies, in the past Binance has resorted to dealing with Crypto Capital, a payments processor for crypto companies that allegedly tricked banks into thinking they were running a real estate company.

The key people behind “Crypto Capital” have since been charged with fraud and money laundering.

But Turkey seems to be preparing for crypto quite well.

The government is testing a blockchain-based Turkish lira, and 20% of Turkish citizens own or use a cryptocurrency, according to a 2019 survey by Statista.

Even more, in a survey conducted by the Austrian ING Foundation, which showed that the world is tired of crypto, 62% of Turkish respondents had positive views of crypto.

Read:Cardano outperforms EOS, Tezos, and Chainlink, up 70% in price

In contrast, other cryptocurrency exchanges have upped their game when it comes to the Turkish Lira.

Before Binance supported the Turkish lira system, Huobi announced last October that it would add the Tether-Turkish lira trading pair by the end of 2019.

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