Urdubit Launches New Features.

Bringing more trust to current bitcoin and blockchain users in Pakistan, urdubit has now introduced a few new features. Starting with a new theme, that integrates a better look and twitter updates to more banking options. The new theme is named coinage, while you can still go back to old theme by simply selecting the themes link, it makes it easier for new users to buy or sell their bitcoins.

The other option introduced is the cash over counter. Now customers can sell their bitcoins on urdubit and trade them for PKR instantly or via orderbook. Once sold they can request a withdrawal via JS Bank Cash Over Counter option. This options promotes the ability for any non banking client to simply receive a xpin on their mobile via sms. The customer is then able to take the sms to any JS Bank show thier CNIC and receive cash. This feature is a JS Connect feature now being offered to users of urdubit. Pakistan having one of the largest unbanked population in the world relies on mobile money penetration over dumb/smartphones. The banking sector is only caters to about 22 percent of the population where as mobile accounts are about 8% of that total. This means majority of transfers are done via Cash in and Cash out agents of services such as easypaisa, jazzcash, ubl OMNI. Which the introduction of Cash Over Counter any verified user can simply request to pickup cash of upto PKR 50000 from any JS Bank branch by simply showing the received sms and vegging a copy of the customers CNIC to bank teller. For a bitcoin user without a bank this is the easiest way to cash out bitcoins in Pakistan.

Blockchain Tech which is the parent company of urdubit has also signed an MOU with IBM to work on hyperledgers and bring its uses to Pakistan. This will enable Pakistan to lead in the field rather then follow.