Pakistan is moving forward with plans to leverage stablecoins for international remittance transfers. The initiative involves partnering with an entity affiliated with World Liberty Financial to facilitate cross-border payments using digital assets. This development marks a significant step in adopting cryptocurrency-based solutions for handling remittances—a critical revenue stream for Pakistan. By utilizing stablecoins, the country aims to reduce transaction costs and settlement times compared to traditional banking channels. The collaboration underscores growing mainstream interest in blockchain-based financial infrastructure, particularly for emerging markets seeking efficient payment solutions.
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just_here_for_vibes
· 14h ago
Stablecoins for overseas remittance, Pakistan's move is quite interesting... But partnering with World Liberty Financial? Sounds a bit suspicious.
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Really? Remittance can be on-chain now? This is going to revolutionize traditional banks.
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Wait, can the costs really be reduced... It feels like one of those stories that sound too good to be true.
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Pakistan is indeed reacting faster than many countries in this area, worth paying attention to the follow-up developments.
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This is probably the most practical application scenario for stablecoins... Cross-border remittance has always been the most heavily exploited area.
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CryptoComedian
· 01-14 20:16
Pakistan uses stablecoins for remittances? Now that's truly "stable" to the core. The real killer would be if the stablecoin itself becomes unstable someday.
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MemeCurator
· 01-14 20:16
Pakistan is working on stablecoin remittances? This move is quite practical and can really save a lot on transaction fees.
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OptionWhisperer
· 01-14 20:16
Pakistan's recent move is quite interesting. Using stablecoins for remittances can indeed save a lot on fees, but whether World Liberty Financial is reliable or not still remains to be seen.
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NotFinancialAdvice
· 01-14 20:10
Pakistan's move to establish stablecoin remittances is basically about wanting to cut out the middleman banks and their profit margins.
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AirdropFatigue
· 01-14 20:08
Pakistan is really pulling a stunt, using stablecoins for remittances... This wave has definitely heated up.
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StablecoinSkeptic
· 01-14 19:49
This move by Pakistan is quite interesting, but can stablecoins really solve the remittance issue? I'm still a bit skeptical.
Pakistan is moving forward with plans to leverage stablecoins for international remittance transfers. The initiative involves partnering with an entity affiliated with World Liberty Financial to facilitate cross-border payments using digital assets. This development marks a significant step in adopting cryptocurrency-based solutions for handling remittances—a critical revenue stream for Pakistan. By utilizing stablecoins, the country aims to reduce transaction costs and settlement times compared to traditional banking channels. The collaboration underscores growing mainstream interest in blockchain-based financial infrastructure, particularly for emerging markets seeking efficient payment solutions.