Pakistan sees crypto boom
Reuters
July 17, 2021
Online cryptocurrency exchanges, most based outside Pakistan, like Localbitcoins.com, have hundreds of Pakistani traders listed, some with thousands of transactions. PHOTO: FILE
ISLAMABAD:
Once a week Ghulam Ahmed, who is 38, takes time out from his cryptocurrency consulting business to log on to a WhatsApp group with hundreds of members eager to learn how to mine and trade cryptocurrency in Pakistan.
From housewives looking to earn a side income to wealthy investors wanting to buy cryptomining hardware, many barely understand traditional stock markets but all are eager to cash in.
“When I open the session for questions, there’s a flood of messages, and I spend hours answering them, teaching them basic things about cryptocurrency,” said Ahmed, who quit his job in 2014, believing it was more profitable to mine Bitcoin.
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Pakistanis latch on to the cryptocurrency bandwagon
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Umar Farooq
4 minute read
Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration
ISLAMABAD, July 16 (Reuters) - Once a week Ghulam Ahmed, 38, takes time out from his cryptocurrency consulting business to log into a WhatsApp group with hundreds of members eager to learn how to mine and trade cryptocurrency in Pakistan.
From housewives looking to earn a side income to wealthy investors wanting to buy cryptomining hardware, many barely understand traditional stock markets but all are eager to cash in. When I open the session for questions, there s a flood of messages, and I spend hours answering them, teaching them basic things about cryptocurrency, said Ahmed, 38, who quit his job in 2014, believing it was more profitable to mine Bitcoin.
By Umar Farooq ISLAMABAD (Reuters) - Once a week Ghulam Ahmed, 38, takes time out from his cryptocurrency consulting business to log into a WhatsApp group with hundreds of members eager to learn how to mine and trade cryptocurrency in Pakistan. From housewives looking to earn a side income to wealthy investors wanting to buy cryptomining hardware, many barely understand traditional stock markets but all are eager to cash in. When I open the session for questions, there s a flood of messages, and I spend hours answering them, teaching them basic things about cryptocurrency, said Ahmed, 38, who quit his job in 2014, believing it was more profitable to mine Bitcoin.