2023-4-24 20:54 |
The Reserve Bank of Zimbabwe plans to introduce a gold-backed digital currency as legal tender in a bid to stabilize its local currency.
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The Zimbabwe dollar has been depreciating against the US dollar. The country has been struggling with inflation for more than a decade now. The Reserve Bank of Zimbabwe (RBZ) has announced plans to launch a gold-backed digital currency.
2023-4-24 17:28 | |
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Zimbabwe's central bank is launching a gold-backed digital currency to keep the local currency from depreciating further against the USD. The African country has been struggling with currency vThe post Zimbabwe’s central bank to issue gold-backed digital currency appeared first on AMBCrypto.
2023-4-24 11:30 | |
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In a bid to tame inflation, the Reserve Bank of Zimbabwe (RBZ) is set to launch a new gold-backed digital currency. The post Gold-Backed Digital Currency May Help Zimbabwe Hedge Against Inflation appeared first on BeInCrypto.
2023-4-24 13:22 | |
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Zimbabwe’s central bank Governor John Mangudya said in a recent interview, that the country is looking at a digital currency backed by the regulator at the moment, rather than cryptos like Bitcoin.
2021-12-8 23:30 | |
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T. E Markets Limited, has launched its own cryptocurrency; XTEMCoin with presale starting on Monday 28th, June on their website, www. tem-coin. com. T. E Markets Ltd is a Holding Company registered in Seychelles with running projects in South Africa, Zimbabwe, Zambia, Nigeria, Kenya, the Democratic Republic of Congo, United States of America and soon in Ghana.
2021-7-3 15:32 | |
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Zimbabwe’s deteriorating economic situation is forcing authorities to sign off on some desperate and controversial decisions. Some of such decisions include the abrupt suspension mobile money as well as the recent designation of Zimswitch as a national payment switch.
2020-7-12 03:01 | |
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Zimbabwe's central bank, seeking to block attempts to avoid the country’s hyperinflation, halted all transactions conducted by "mobile money agents" this week.
2020-7-1 00:17 | |
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Zimbabwe’s central bank is working with crypto and fintech companies to leverage the country’s emerging digital economy amid crippling hyperinflation and currency instability
2020-3-23 14:30 | |
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The new Zimbabwe dollar has hit the streets, with banks beginning to issue the paper currency Tuesday. The ‘Zimdollar,’ existing earlier this year as coins, e-balances, the RTGS dollar, and bond notes, was returned to in June as a replacement for the Real Time Gross Settlement (RTGS) system implemented in February.
2019-11-14 09:00 | |
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Zimbabwe rolls out new currency but limits weekly withdrawals. Hyperinflation makes it difficult for Zimbabweans to trust their government. Bitcoin appears to be the perfect solution as it eliminates the need to trust an authority like the government.
2019-11-14 18:40 | |
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Zimbabwe is once again showing the need to take away from politicians the power to control normal people’s money. The government there is now trying to cope with the results of mismanaging the economy by preventing citizens from using their fiat currency as they see fit.
2019-10-3 17:55 | |
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Bitcoin proponents are raising awareness of fiat currency alternatives for Zimbabweans after the country’s central bank suddenly banned a popular payment option. Central Bank Halts Mobile Cash Overnight As local news outlet TechZim reported on September 30, the Reserve Bank of Zimbabwe (RBZ) has shut down so-called cash-in, cash-out transactions.
2019-10-1 19:00 | |
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P2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the only recognized currency in the economically embattled southern African country.
2019-7-13 20:30 | |
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Ten years ago, Zimbabwe scrapped its national currency after the inflation rate climbed astronomical levels. Now, a decade later, the Zimbabwe dollar is making a comeback. But Zimbabwean expect the new currency to tank.
2019-7-11 21:18 | |
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Peer-to-peer Bitcoin exchange of LocalBitcoins has continued to soar after the Zimbabwe government implemented a ban on foreign currency transactions. Zimbabwe: Bitcoin or Bust As reported by Quartz Africa, Peer-to-peer Bitcoin transactions in Zimbabwe recently reached a new high after President Emmerson Mnangagwa reinstated the Zimbabwe dollar.
2019-7-11 15:00 | |
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One of the textbook examples of hyperinflation is seeing a resurgence in demand for cryptocurrency. Bitcoin prices are soaring in Zimbabwe, as the government moves to limit trading in foreign currencies, Quartz reports.
2019-7-11 00:48 | |
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Bitcoin trading is booming in Zimbabwe. The government introduced a law banning the use of the U. S. dollar, forcing citizens to adopt a national currency instead. Zimbabwe's national currency stopped circulating in 2009 as part of an effort to stabilize the economy.
2019-7-11 00:45 | |
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After the country banned the settlement of transactions using foreign currency including the US dollar and the British pound, demand for bitcoin has soared as individuals look to fill the financial gaps left behind by the ban.
2019-7-11 00:05 | |
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With Zimbabwe Dollars being brought back from the dead, citizens of the country are facing a lot of problems. Additionally, the fiat currency is facing rejection by citizens and it is getting problematic for Bitcoin enthusiasts in the country to buy BTC due to an enormous premium on it.
2019-7-3 17:30 | |
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Bitcoin is trading at an eye-watering 600% premium in Zimbabwe, as the country’s oppressive monetary policy drives local investors towards the decentralized ‘safe haven’ cryptocurrency.
2019-7-2 13:45 | |
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A Zimbabwean government policy to ban the use of the US dollar and other currencies has been met with bitter opposition by the largest trade union in the country. The ongoing spat highlights the need for people to have the kind of free choice of currency that crypto assets can provide.
2019-6-27 00:00 | |
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Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet.
2019-6-1 21:48 | |
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Hyperinflation has become synonymous with Zimbabwe, and the African nation’s monetary system has been on a roller coaster for the past decade. Its national currency, the Zimbabwean dollar, lost so much value in 2015 that it was practically useless.
2019-4-5 00:17 | |
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Governments in Africa simply cannot stop an idea whose time has come. In Zimbabwe, financial regulators banned cryptocurrency trading, and shut down two exchanges, thinking to have killed the ecosystem, only for Bitcoin to find a new life on Whatsapp.
2018-10-6 22:05 | |
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The aim of Nano is to become the world’s next digital currency, is celebrating the withdrawal of its Brola lawsuit by implementing a new update and going live on investFeed, as was announced on 1st October.
2018-10-3 16:30 | |
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Bitcoin is pushing the boundaries of economic change in Africa. In East Africa, a new deal between digital currency exchange Bitpesa and a Japanese firm shows Kenyans are using bitcoin to pay for used Japanese cars, cosmetics and electrical gadgets.
2018-9-26 17:45 | |
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The newly appointed Zimbabwean Finance Minister is calling on Zimbabweans to invest in cryptocurrency, as the minister see this as a way out of the current crisis. Cryptocurrency Can Solve Zimbabwe’s Currency Crisis According to ITWebAfrica, new Zimbabwean Finance Minister, Mthuli Ncube, is urging the country’s apex bank to adopt digital currency like other countries.
2018-9-19 18:49 | |
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Although one of the primary goals of Bitcoin is to create a currency that is borderless and decentralized, a recurring concern is the way (other than mining) that we are able to actually acquire it and other cryptocurrencies.
2018-9-1 21:31 | |
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As Fiat Currency Reaches Worldwide Crisis, It Might Be The Time For Bitcoin To Prosper We all think that fiat is stable until it's not. We don’t even need to go that far in history. Zimbabwe, Venezuela, Iran, Turkey, and Argentina are all proofs that nationalized currency is only as strong as the government's decisions. […]
2018-8-24 21:51 | |
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Today, Dash, the top digital currency for payments, in collaboration with Frame 48, a creative collective specializing in film and commercial production, has announced the launch of Starting From Scratch, a documentary centered on how blockchain technology and digital currency can help improve the chaotic economic environment in Zimbabwe. The documentary focuses specifically on Kuvacash, […]
2018-6-26 15:30 | |
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In a significant challenge to the US Securities and Exchange Commission (SEC) and its regulatory approach toward the crypto industry, 18 states have filed a lawsuit against the agency and its commissioners on Thursday.
As President-elect Donald Trump prepares to take office again in January, his proposal to create a national Bitcoin reserve is gaining momentum across the United States. Several states are now reportedly considering plans to establish their own cryptocurrency reserves, reflecting a broader movement to recognize Bitcoin as a legitimate store of value. Pennsylvania’s Bitcoin Strategic […]
Bitcoin is currently rewriting its all-time high, thanks primarily to the results of the recently concluded US elections and increasing inflows into Bitcoin ETFs. Days before the election, Bitcoin struggled to hold the $70k level, briefly hitting $73k.
As the political landscape shifts in anticipation of the upcoming midterm elections in 2026, major players in the crypto industry are making significant financial commitments to support candidates who advocate for favorable regulatory changes.
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In a recent interview with CNBC, Florida’s Chief Financial Officer, Jimmy Patronis, outlined the state’s increasing commitment to crypto investments. This comes in light of his recent directive urging pension fund managers to explore Bitcoin as a potential strategic reserve asset.
Billionaire hedge fund manager Paul Tudor Jones, CEO of Tudor Investment Corporation, highlighted the growing threat of inflation in a recent interview with CNBC, describing Bitcoin and gold as essential assets amid rising recession fears in the United States.