Did you know that if you had spent just 50 Rupees on BitCoin in 2010, you would have over 40 million rupees right now?
These are interesting times. We are on the verge of embracing technologies that could completely change the way the world works. Just like the smartphone brought forward a wave of smart devices and opened up new doors for market disruption, digital currency could change the way our economic system functions — but that future is just isn’t here yet, especially not in Pakistan.
Yet, there are some places that have made a headway in the pursuit of digital currency. PakCoin is a Pakistan-based digital currency that is based on LiteCoin, an open source peer-to-peer digital currency. This cryptocurrency promises instant and risk-free transactions and has now managed bring a number of places onboard.
It might be a gimmick more than anything right now, but it is still an interesting concept and worth a look. Here are 6 places that accept this form of digital currency,
1. Abid Hospital, Islamabad
Abid Hospital was inaugurated in 2015 as a multidisciplinary hospital and is equipped with the latest technology providing patient care 24/7 including limited emergencies. Located in Blue Area, Islamabad, Abid Hospital is Pakistan’s first surgical hospital to start accepting cryptocurrency as an alternative to cash.
The hospital also started an offer of a 20% discount to anyone paying with PakCoin.
2. Medipro Hospital, Rawalpindi
Medipro Hospital became the second hospital in Pakistan to start accepting PakCoin as a form of payment in March. The Hospital is located on Peshawar Road, Rawalpindi.
3. Gems Mart Gemstone, Islamabad
Gems Mart Gemstone is an online store for buying real gemstones, based out of Islamabad, that started accepting PakCoin last month. They also offer a 10% discount on products when buying using PakCoin.
4. H&A Jewellery Shop, Karachi
H&A Jewellery Shop is based out of Karachi and operates only through their online store on Facebook. They let you buy any of their products using PakCoin for a discount of 15%.
5. IslamicWay.life
Islamic Way is a Pakistan-based MLM (Multi-level marketing) program. Although their only website is filled with some hilarious mistakes and weird design choices that make it hard to trust their whole program, Islamic Way does accept PakCoin as a valid form of currency.
6. Al Haq Associates
Al Haq Associates is based in Rawalpindi, Pakistan, and is claimed to be the “first land developer in Asia to accept cryptocurrency”, according to PakCoin.
They also offer a 10% discount on booking of a new plot in Shehbaz Town, Rawalpindi.
Note: The claims Pakcoin has made about some of the places being the first in Asia to accept cryptocurrency ProPakistani can neither confirm nor deny at this point in time.
Is digital currency legal in Pakistan? I think “NO”.
You never have to bring it into Pakistan. Keep it in the cloud.
state bank of Pakistan did not allow to make transactions with digital currency. some companies and banks have approached to legalize bitcoins for local and international transactions but failed last year (2016)
State Bank doesn’t have any jurisdiction over purely electronic transactions happening in cloud.
Well state Bank is neutral about bitcoin and says that bitcoin is not a legal tender (currency backed by govt)
But you have to buy it though your credit card etc and make buying in your name making it linked to you (exposing you).
Nope. I’ve never bought bitcoins using my own money. Everything I have in my bitcoin wallet is generated online, either through mining or other people giving it to me in exchange for a service. And it’s all spent online for non physical items (Netflix subscription, playstore credits, steam games etc.)
Great
What is PakCoin? never head of it.
What is the network hash rate? If it’s too low (which it most probably would be), it will be trivial for anyone with a decent miner to overwhelm the entire network and commit digital fraud.
More than enough. Check on pakcoin mining pools
Can someone please explain whats “PakCoin”? where can you get them? who issues them?
Hearing about it first time..
What about ONECOIN?Anyone know about that
Its fake… do not invest in that…
You are fake
Onecoin is the only currency that can beat bitcoin. But invest in it if you have spare money.