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.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
just_here_for_vibesvip
· 14h ago
Stablecoins for overseas remittance, Pakistan's move is quite interesting... But partnering with World Liberty Financial? Sounds a bit suspicious. --- Really? Remittance can be on-chain now? This is going to revolutionize traditional banks. --- Wait, can the costs really be reduced... It feels like one of those stories that sound too good to be true. --- Pakistan is indeed reacting faster than many countries in this area, worth paying attention to the follow-up developments. --- This is probably the most practical application scenario for stablecoins... Cross-border remittance has always been the most heavily exploited area.
View OriginalReply0
CryptoComedianvip
· 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.
View OriginalReply0
MemeCuratorvip
· 01-14 20:16
Pakistan is working on stablecoin remittances? This move is quite practical and can really save a lot on transaction fees.
View OriginalReply0
OptionWhisperervip
· 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.
View OriginalReply0
NotFinancialAdvicevip
· 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.
View OriginalReply0
AirdropFatiguevip
· 01-14 20:08
Pakistan is really pulling a stunt, using stablecoins for remittances... This wave has definitely heated up.
View OriginalReply0
StablecoinSkepticvip
· 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.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)