Turkey Expands Digital Lira With Programmable PaymentsTurkey is taking another significant step toward a cashless financial future as its central bank expands testing of the Digital Turkish Lira through a live sandbox program. The initiative invites financial institutions and technology companies to develop real-world applications across five categories, including programmable payments, digital identity integration, smart financial contracts, and innovative payment services. The project reflects Turkey’s broader effort to modernize its financial infrastructure through central bank digital currency (CBDC) technology. Unlike traditional electronic payments, programmable payments allow transactions to occur automatically when predetermined conditions are met. Technologies such as programmable payments demonstrate how future financial systems could one day soon provide unprecedented oversight and control of commerce.