๐ Pakistan to Launch Its First Ever Digital Rupee in 2025! ๐ต๐ฐ
Exciting times ahead! The State Bank of Pakistan (SBP) is teaming up with Japanese blockchain innovator Soramitsu to roll out a pilot of a Central Bank Digital Currency (CBDC)โa fully digital version of the Pakistani rupee.
This groundbreaking initiative, taken under Japanโs โGlobal South Future-Oriented Co-Creation Project,โ seeks to:
Lower cash distribution costs across the country
Boost financial inclusion, especially in rural areas
Offer offline-capable digital transactionsโideal for areas with limited internet access
At 250 million people and a $400 billion economy, this is Soramitsuโs largest project yetโsignaling huge potential for financial modernization.
SBP Governor Jameel Ahmad also revealed that Pakistan is finalizing new legislation to regulate virtual assets, paving the way for broader digital finance adoption.
Ready for the future of money? The digital rupee is coming! ๐ฑโจ
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