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Name:PakCoin (PKC)
Issuer:National Bank of Pakistan (NBP)
Blockchain:Distributed Ledger Technology (DLT) developed by NBP
Key Features:
1. Central Bank Digital Currency (CBDC):
Supported and backed by the NBP, providing stability and trust.
Intended to complement cash and other payment methods.
2. Interoperability:
Interoperable with other DLT systems, facilitating cross-border transactions.
Aims to reduce transaction costs and improve efficiency.
3. Transparency and Security:
Built on a robust DLT platform, ensuring transparency, immutability, and enhanced security.
Leveraging advanced cryptography for data protection.
4. Financial Inclusion:
Targeting unbanked and underbanked populations through mobile-based solutions.
Designed to provide access to financial services and promote economic development.
5. Programmable Currency:
Supports smart contracts and programmability, enabling innovative applications.
Can be customized for specific uses, such as supply chain management or loyalty programs.
Benefits:
Increased efficiency and reduced costs:
Streamlines transactions, eliminating intermediaries and reducing fees.
Financial inclusion: Extends access to financial services for underserved communities.
Cross-border trade facilitation:
Simplifies payments and reduces transaction times for international businesses.
Transparency and trust:
Provides confidence in transactions backed by the central bank.
Innovation and economic growth:
Enables new financial products and services, stimulating economic activity.

Applications:
* Payment processing
* Cross-border remittances
* Supply chain management
* Loyalty programs
* Microfinance
* Digital identity and verification
Current Status:
NBP is conducting pilot testing within the banking sector.
The central bank plans to gradually roll out PakCoin to the public after successful testing.
The exact launch date and other details remain subject to further announcements from NBP.