So, both stone money and crypto tokens touch upon two key issues in the payments debate: First, how can consumers pay conveniently, safely and efficiently? And second, what role do we want the central bank to play?
As incomes accrue to these previously jobless or underemployed households they are lifted out of poverty and hence the incidence of poverty falls. This is exactly what happened in Pakistan until 1988/89 and that is what is happening at present. Sixty per cent of our population relies on agriculture directly or indirectly.