🔊🔊 Pakistan Set to Launch First-Ever Digital Rupee in 2025
Pakistan is preparing to introduce its first Central Bank Digital Currency (CBDC) later this year, marking a significant milestone in the country’s financial transformation.
According to Nikkei Asia, the State Bank of Pakistan has partnered with Japanese blockchain firm Soramitsu to pilot the initiative. The project will utilize Soramitsu’s proprietary CBDC platform and is being funded by Japan’s Ministry of Economy, Trade and Industry under its Global South Future-Oriented Co-Creation Project.
The pilot aims to evaluate how a digital Pakistani rupee could accelerate payment processing, expand financial inclusion, and enhance overall economic efficiency. This move positions Pakistan among a growing number of nations exploring CBDCs as a tool for modernizing their monetary systems.
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