CoinPayments Reports Continued Growth Ambitions in Pakistan with Key Business Development Venue
VANCOUVER, BC, August 6, 2021 / CNW / – CoinPayments, the world’s leading cryptocurrency payment processor, today announced the appointment of an industry veteran Fahad Chahab as business development manager for Pakistan. Mr. Shahab will bring his extensive digital payments and financial services experience to CoinPayments’ global business development and partnership team, helping to strengthen the brand’s presence in Pakistani emerging crypto ecosystem.
As the adoption of cryptocurrency continues to increase around the world, analysts are finding that developing countries are setting the tone for crypto implementation and development. The widely used Global Crypto Adoption Index published by Chainalysis ranks Pakistan 15th globally and estimates that the country has received around $ 1.5 billion in cryptocurrency in 2019-20.
“The potential of crypto in Pakistan and other emerging markets is clear, “said Jason boucher, CEO of CoinPayments. “We believe CoinPayments is uniquely positioned to help bring cryptocurrency to the masses, especially the underbanked communities who are looking for alternative ways to protect their personal wealth. We are delighted to welcome Fahad to help us strengthen our presence in Pakistan, and we are looking forward to developing new products and services with its expert input. “
Founding member of 1LINK (National Payment Switch) of Pakistan with nearly 20 years of experience in the payments industry, Mr. Shahab was the first person to Pakistan to obtain the Certified Digital Finance Practitioner (CDFP) qualification from Fletcher School Tufts University and DFI (Digital Frontiers Institute), and has a solid knowledge of the field of payment systems, both from a technical and commercial point of view. His considerable industry experience includes working with multinational banks, financial service providers and global payment brands to build the infrastructure of a digital ecosystem in Pakistan.
“I am delighted to be part of the CoinPayments team and to continue to design the new digital economy in Pakistan“Shahab said.” My work is motivated by the potential of humanity to create more inclusive economic systems that promote equality and progress for all. I believe that digital money can unlock this positive future and that CoinPayments can help make it a reality, ”he added.
“For emerging markets like Pakistan, financial and gender inclusion are important challenges that we must tackle together as a society. In my role at CoinPayments, I believe we can work with the region’s banks, carriers, fintechs and merchants to help them meet these challenges; offering inclusive and accessible solutions to make crypto payments easy. “
Mr. Shahab’s appointment is effective immediately.
CoinPayments is the easiest, fastest and most secure way for traders around the world to transact in cryptocurrency. It is the first and largest cryptocurrency payment processor with more than US 10 billion dollars in total transactions to date, while supporting over 2,000 coins, and is the preferred cryptocurrency payment solution for merchants and e-commerce platform providers around the world. Founded in 2013, CoinPayments is dedicated to providing customers with fast, secure and user-friendly crypto payment APIs, shopping cart plugins, digital wallets, cryptocurrency custody and a host of other solutions that support cryptocurrency payment applications. Learn more at: https://www.coinpayments.net/.
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