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What is Blockchain Remittances in Pakistan about?
Remittances to Pakistan have increased significantly from $11.2 billion in 2011 to $21.8 billion in 2019, with blockchain technology offering a more efficient and cost-effective method for international payments. The average cost of remitting via blockchain is significantly lower than traditional methods, making it more accessible, especially for the unbanked population. Despite having a large cellular subscriber base and biometric identification system, financial inclusion remains low in Pakistan, with onl
- Author
- fariya baig
- Language
- EN