Cryptocurrency has received a boost in the South Asian country of Pakistan as a new report, the Pakistan Crypto Council (PCC) and World Liberty Financial (WLFI) have signed a Letter of Intent (LOI). WLFI is the decentralized finance (DeFi) backed by President Donald Trump, and the collaboration will see it fast-track blockchain in the country. Strategic Alliance to Drive Crypto Innovation in Pakistan As per the LOI, WLFI will also drive the adoption of stablecoin and DeFi integration across Pakistan. This development comes ahead of the government’s plans to unveil a comprehensive blueprint on cryptocurrency legalization. Notably, the Pakistani author is looking to embrace digital assets and join the region’s financial innovation wave. The country seems to be positioning itself as one of the world’s rising crypto hubs. The LOI was signed at a meeting between WLFI and PCC, and a high-powered delegation represented both parties. On the part of the PCC, notable delegates included the Pakistan Finance Minister, the State Bank of Pakistan Governor, and the CEO of PCC, among others. The WLFI delegation had Zachary Witkoff, son of Steve Witkoff, the United States Special Envoy to the Middle East, Chase Herro, and Zachary Folkman. Crypto Momentum Leverages Pakistan’s Youth Population Speaking on the decision for the move, Finance Minister Muhammad Aurangzeb highlighted the country’s youthful population and technology as its greatest assets. He noted that the government is creating investment opportunities in the blockchain economy through such a partnership. Over 64% of Pakistan’s population is below the age of 30. According to data, the country has over 25 million active crypto users and approximately $300 billion worth of crypto transactions annually. Bilal Bin Saqib, CEO of the Pakistan Crypto Council, maintains that the collaboration with WLFI is strategic. According to Saqib, the move is to empower Pakistan’s youth and ensure the country is well-positioned to take advantage of the future of global finance. WLFI Expands Global Footprint This development signals the growing adoption of digital currency worldwide and reveals how WLFI has been active in the sector. Recently, it added 4.89 million SEI tokens, estimated at $0.775 million, to its holdings as part of a diversification move. Meanwhile, WLFI has secured $250 million from investors as part of its public token sale. The recent collaboration with Pakistan signals its push for global presence. The post World Liberty Financial (WLFI) Taps Pakistan Crypto Council for Blockchain Growth appeared first on TheCoinrise.com .
