Assalamualaikum everyone Expected Image of Pakistan's Central Bank Digital Currency (CBDC)
The State Bank of Pakistan's (SBP) CBDC is expected to be a digital version of the Pakistani rupee (PKR) that is issued and regulated by the SBP. It will likely be accessible through a digital wallet or mobile application.
Here is a possible image of what Pakistan's CBDC could look like:
[Image of a digital wallet or mobile application with the Pakistani rupee symbol (₨) and the words "SBP Digital Rupee" displayed prominently.]
The digital wallet or mobile application would allow users to:
* Store and manage their CBDC balances
* Send and receive CBDCs to other users
* Make payments to merchants and businesses
* Access financial services such as savings and lending
The CBDC is expected to be interoperable with other payment systems, such as mobile wallets and bank accounts, making it easy for users to integrate it into their existing financial lives.
The SBP is also likely to implement robust security measures to protect the CBDC from counterfeiting and fraud. This could include using advanced encryption techniques and implementing strong authentication mechanisms.
Overall, the expected image of Pakistan's CBDC is that of a secure, convenient, and accessible digital currency that can be used for a wide range of financial transactions.
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