Pakistan's first Bitcoin exchange launches with a focus on local community building and education

Pakistan launched its first Bitcoin exchange, Urdubit. This pioneering exchange aimed to introduce and promote the use of Bitcoin in Pakistan, a country with a large unbanked population and a growing interest in Bitcoin.
 

Urdubit was founded by Danyal Manzar and Muhammad Yamin, two entrepreneurs with a vision to leverage Bitcoin's potential to provide financial services to a broader segment of the population. They saw Bitcoin as a tool to overcome the limitations of the traditional banking system in Pakistan, which often left many people without access to financial services.
 

The exchange was designed to be user-friendly, allowing individuals to buy and sell Bitcoin with the local currency, Pakistani Rupees (PKR). By providing a local exchange, Urdubit aimed to simplify the process of acquiring Bitcoin for Pakistani users, fostering greater adoption of the cryptocurrency within the country.
 

Urdubit's launch was more than just a business endeavor; it was also a community-building effort. The founders actively engaged with the local community to educate people about Bitcoin and its benefits. They organized meetups, workshops, and online forums to spread awareness and provide knowledge about how to use and invest in Bitcoin safely.