Pakistan's Digital Bank easypaisa Partners with Binance in MoU
- Partnership Agreement: Pakistan's largest digital bank, easypaisa, has signed a Memorandum of Understanding with Binance, which, while not launching a product yet, signifies Binance's deeper engagement in a mobile-first market with an estimated 15 to 20 million adults holding digital assets.
- Significant Market Potential: With over 40 million registered users, easypaisa provides Binance a gateway into Pakistan's $340 billion economy, while also enhancing compliance support that could accelerate user inflows.
- Regulatory Environment Challenges: Although Pakistan's central bank remains cautious about cryptocurrencies, banning banks from facilitating virtual currency transactions, the partnership with a regulated entity may prompt policymakers to reconsider existing regulations, potentially advancing the legalization of the crypto market.
- User Benefits Enhancement: Direct integration through easypaisa would lower remittance costs and improve payment experiences for users, particularly significant given that Pakistan received over $30 billion in remittances last year, indicating a positive economic impact from this change.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0228 | 0.0293 | 0.035 | 0.0415 | 0.0472 | 0.0537 | 0.0594 |
| Fibonacci | 0.0293 | 0.034 | 0.0369 | 0.0415 | 0.0462 | 0.0491 | 0.0537 |
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