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Pakistan Turns to El Salvador to Level Up Its Bitcoin Game
In a bold move, Pakistan has taken the first step in forging a new path in its cryptocurrency journey by signing a Letter of Intent with El Salvador. The agreement aims to collaborate on Bitcoin adoption and innovation, marking a significant milestone in the country’s quest for financial inclusion.
Bilal Bin Saqib, head of Pakistan’s Crypto Council and special advisor to the prime minister, recently met with El Salvador’s President Nayib Bukele. In a tweet, Saqib praised Bukele as a “visionary” who dared to challenge conventional wisdom by embracing Bitcoin early on. This sentiment echoes El Salvador’s remarkable journey since 2021 when it made Bitcoin a legal tender, making it a pioneer in the crypto space.
Pakistan’s enthusiasm for cryptocurrency is nothing short of inspiring, especially considering its ambitious plan to harness blockchain technology for financial inclusion and growth of the digital economy. The country aims to utilize this innovative technology to bridge the gap between the unbanked and those with limited access to traditional banking services.
Source: coinpedia.org
