BiLira (TRYB) developed in Turkey, including Ethereum, Avalanche and Solana blockchains It is a stablecoin that can run on 6 different blockchains. The value of BiLira is fixed against the Turkish Lira (TRY), and each BiLira is equivalent to one TRY. This allows users to trade by taking advantage of the stable value of the Turkish Lira, without being affected by price fluctuations in cryptocurrencies.
BiLira can be transferred, traded and stored in the same way as other ERC-20 tokens. BiLira users can store tokens using wallets that support BiLira.
In addition, BiLira uses an ERC-20 token standard developed by an Ethereum software development company called OpenZeppelin. This standard incorporates best practices for ERC-20 tokens and increases the security and ease of use of tokens.
What are the Advantages of BiLira?
A few advantages of BiLira are:
It offers a stable value: The value of BiLira (TRYB) is pegged to the Turkish Lira, so it is not affected by sudden price fluctuations like other cryptocurrencies. This allows users to use it as a more secure asset to protect their savings and plan their future spending.
Fast and inexpensive process: Transactions using BiLira are usually very fast and cheap. It is especially faster than interbank transfers and the fees are lower.
Low transaction fees: BiLira transactions are usually carried out with very low transaction fees. This can be cheaper compared to other payment methods and can be especially advantageous for small transactions.
Possibility to carry out cross-border transactions: BiLira allows you to transact cross-border with anyone around the world. This allows you to transact more easily and quickly with sellers across the globe, unlike traditional currencies.
Low volatility: BiLira (TRYB) provides a stable option in an environment where cryptocurrencies are often volatile and volatile. This is especially beneficial for investors, because instead of being affected by sudden changes in the value of their investment, they can provide a more stable return thanks to the fixed value of BiLira.
Aside from these advantages, BiLira is simpler to use and doesn’t require technical knowledge like other cryptocurrencies. Therefore, BiLira is readily available even for those who don’t have a lot of knowledge about cryptocurrencies.
What is the Difference of BiLira?
The most important difference of BiLira (TRYB) is that it is pegged to the Turkish Lira. In this way, the price fluctuations seen in other cryptocurrencies are prevented and users can use BiLira as a stable currency.
In addition, the area of use of BiLira is quite wide. BiLira can be used in many areas such as payment processing, trading, investment and remittance. BiLira is accepted as a payment method in many online and physical stores in Turkey.
BiLira has also established a reliable platform by cooperating with Turkey’s leading banks and financial institutions. Thanks to this, users can be safe when converting BiLira to Turkish Lira or vice versa.
Another difference is that BiLira can use BiLira without having to verify the identity of its users. This feature allows users to use BiLira quickly and easily.
As a result, the most important difference of BiLira is that it is pegged to the Turkish Lira. In addition, a wide range of uses, a reliable platform and the fact that it does not require identity verification also make BiLira different from other cryptocurrencies.
