Pakistan is exploring using blockchain, a super-secure digital record-keeper, to make sending money from other countries easier and cheaper! Many Pakistanis living abroad send billions of dollars home, but current methods are slow and costly. The new Pakistan Crypto Council wants to change this.
- Blockchain could speed up money transfers.
- It might reduce high fees (currently over 5%).
- Pakistan will invest in teaching people about blockchain.
- The government wants to create more jobs in this new technology.
| Fact | Number |
|---|---|
| Money sent home in 2023-24 | Over $31 billion |
| Average fee | Over 5% |
| Pakistan's population under 30 | Over 60% |
