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Is Pakistan Entering into the Digital Currency Ecosystem?

Saddam Hussein and Abdul Jalil
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Saddam Hussein: Pakistan Institute of Development Economics
Abdul Jalil: Pakistan Institute of Development Economics

No 2022:62, PIDE Knowledge Brief from Pakistan Institute of Development Economics

Abstract: Digital currency is defined as any currency available exclusively in electronic form. For instance, you could go to an Auto Teller Machine (ATM) or a bank and turn an electronic record of your currency holdings into physical dollars. However, it never takes physical form. It always remains on a computer network and is exchanged via digital means. For example, instead of using physical Rupee notes, you would make purchases by transferring digital currency to retailers using your mobile device. Digital currency is the future because of faster payments, less expensive, smooth international transactions, efficiency, lesser corruption, and maximum financial inclusion.

Keywords: Pakistan; Digital Currency; Ecosystem (search for similar items in EconPapers)
Pages: 8 pages
Date: 2022
New Economics Papers: this item is included in nep-ict, nep-isf, nep-mon and nep-pay
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