RATE Group | Economic Change in Pakistan Could Increase Cryptocurrency Usage
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Economic Change in Pakistan Could Increase Cryptocurrency Usage

29 Jul Economic Change in Pakistan Could Increase Cryptocurrency Usage

Posted at 08:10h in Cryptocurrency News by

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As former cricketer-turned-politician Imran Khan prepares to take charge of Pakistan’s economy, some believe Pakistan is on the brink of an economic crisis. This crisis may increase the use of cryptocurrency in Pakistan.

Increase in Bitcoin Trading

According to Forbes reporting, citing figures from cryptocurrency trading platform LocalBitcoins, Bitcoin trading volumes in Pakistan are beginning to creep up.

Cryptocurrency markets as a whole are seeing an upturn, so the improved figures for Pakistan could also be a result of this increased market confidence, as well as the impact of financial uncertainty in Pakistan.

Economy on the Brink of Crisis

If Inram Khan can form a successful coalition government he will shortly become Prime Minister of Pakistan after leading his party, Pakistan Tehreek-e-Insaf (PTI), to victory. Khan has yet to reveal his economic policies but has committed to improving the economic climate as well as fighting corruption in Pakistan. Khan may be facing an…

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