A milestone moment is on the horizon for Pakistan’s financial sector. The State Bank of Pakistan is partnering with Japanese blockchain firm Soramitsu to launch the nation’s first-ever Central Bank Digital Currency (CBDC) pilot later this year, according to Nikkei Asia.
The pilot will be built on Soramitsu’s proprietary CBDC platform and is funded by Japan’s Ministry of Economy, Trade & Industry under its Global South Future-Oriented Co-Creation Project.
Why it matters:
The initiative aims to explore how a digital Pakistani rupee can streamline payments, enhance financial inclusion, and drive greater economic efficiency.
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