The Reserve Bank of Zimbabwe first introduced its new project in April, with each issued digital token backed by a physical amount of gold held in the bank’s reserves.
Zimbabwe News
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Physical and digital gold tokens have been a big success as investments and an inflation hedge in Zimbabwe, which continues to face triple-digit inflation.
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The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success.
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Zimbabwe’s central bank plans to sell gold-backed digital tokens at $10 for individuals and $5,000 for corporations.
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The Reserve Bank of Zimbabwe plans to introduce a gold-backed digital currency as legal tender in a bid to stabilize its local currency.
18565 - Interview
A young Zimbabwean Bitcoiner built out a business with Bitcoin — importing cars and sending remittance payments — when he returned to his homeland during the COVID-19 pandemic.
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Minister Monica Mutsvangwa clarified that Zimbabwe is not considering the adoption of cryptocurrencies or Bitcoin.
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Zimbabwe is currently engaged in consultations regarding growing interest in crypto and the potential risks.
23079 - Analysis
As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems.
12361 - Overview
Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry.
3912 - News
Zimbabwe’s Zimbocash project got closer to its goal of providing a sound-money alternative to the hyperinflation of the local currency.
6028 - Analysis
Health care, identity management and renewable energy are some of the non-financial blockchain use-cases gaining popularity in Africa.
3473 - Analysis
The Reserve Bank of Zimbabwe proposed a crypto regulatory sandbox amid plans to launch a gold-backed digital currency.
15235 - News
The Reserve Bank of Zimbabwe is reportedly working on a regulatory sandbox that would help fintech and crypto companies operate in the country freely.
5312 - Analysis
Flying under the radar, Turkey is becoming one of the leading adopters of crypto in the world.
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