Pakistan Banks Turn to Blockchain Technology to Update Customers' KYC Details Amid Economic Turmoil
![Pakistan Banks Turn to Blockchain Technology to Update
Customers' KYC Details Amid Economic Turmoil](https://i.gadgets360cdn.com/large/Pakistan_flag_unsplash_large_1651665756957.jpg)
Banks in Pakistan have decided to develop a know-your-customer (KYC) platform using blockchain technology in order to strengthen the country’s efforts to curb money-laundering. With a blockchain-based KYC platform, financial institutions will be able to minimise onboarding costs for bank users.
* This article was originally published here
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