Pakistan launches its first-ever digital rupee this year 🚀
Good news for Pakistan's financial future! 🇵🇰💱
The State Bank of Pakistan is collaborating with the Japanese company Soramitsu to launch a pilot project for the country's first central bank digital currency (CBDC) later this year - according to Nikkei Asia.
This pilot project will be conducted on Soramitsu's central bank digital currency platform, funded by Japan's Ministry of Economy, Trade and Industry as part of its "Collaborative Creation for a Global South Future" project.
The goal? To understand how the digital Pakistani rupee can accelerate payment processes, enhance financial inclusion, and improve economic efficiency overall.
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