by COINS NEWS - 1 year ago
The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being issued for “investment purposes with a vesting period of 180 days.” The...
Bitcoin News / Bitcoin.com - 1 year ago
The governor of the Zimbabwean central bank, John Mangudya, recently revealed that his institution is planning to introduce a gold-backed digital currency. According to the governor, the soon-to-be-introduced gold-backed digital currency is expected...
Cryptocoins News / CoinJournal - 1 year ago
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.
While count...
Cryptocoins News / The Cointelegraph - 1 year ago
The Reserve Bank of Zimbabwe plans to introduce a gold-backed digital currency as legal tender in a bid to stabilize its local currency. The Reserve Bank of Zimbabwe...
Bitcoin News / Bitcoin.com - 1 year ago
Two Zimbabwean startups, Flexid and Uhuru Wallet, recently launched a platform that offers digital identity and remittance services to migrants living and working in South Africa. The two startups hailed what they’ve described as the “fir...
Bitcoin News / Bitcoin.com - 1 year ago
The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13. According to the central bank governor, John Mangudya, the gold coins “have proved to be an effective op...
Bitcoin News / Bitcoin.com - 1 year ago
The Zimbabwean central bank has said it is “conducting a CBDC [central bank digital currency] Consumer Survey to solicit opinions on the design and nature of the CBDC and its overall acceptance by the public.” The bank said the informatio...
Bitcoin News / Bitcoin.com - 1 year ago
Undeterred by the reported slow adoption of the Nigerian central bank digital currency, the deputy governor of the Reserve Bank of Zimbabwe, Innocent Matshe recently said his institution will proceed with plans to launch its own digital currency. In...
Bitcoin News / Bitcoin.com - 1 year ago
Harare Institute of Technology, a Zimbabwean higher learning institution, is reportedly developing a central bank digital currency (CBDC). Quinton Kanhukamwe, the institution’s vice chancellor, said the digital currency is expected to help elim...
Bitcoin News / Google News Bitcoin - 1 year ago
Probably nothing
picture alliance via Getty Images
It should come as no surprise that the country with the single worst track-record for hyperinflation since World War II—Zimbabwe, whose local currency depreciated at a rate of 79,600,000,000% a...
Bitcoin News / Bitcoin.com - 1 year ago
Starting on July 25, the Zimbabwean public will be able to buy and hold gold coins which weigh one troy ounce each. In addition to their use as an alternative store of value, the central bank says the coins can be traded and used as “secur...
Cryptocoins News / NewsBTC - 1 year ago
Like most of the world’s, Zimbabwe ’s economy is in shambles. Is a gold coin the solution, though? It might just be. The country’s central bank announced “the “Mosi-oa-tunya” coin, named after Victoria falls.” It’s Zimbabwe’s response to...
Bitcoin News / Google News Bitcoin - 1 year ago
The Small Steps To Resilience
“Scalability is the essential property of money. It is the ability for a good to be sold easily on the market, without much loss in its value.” —Saifedean Ammous
Scalability Through Time And How To Handle Volatil...
Bitcoin News / Bitcoin Magazine - 1 year ago
Bitcoin Can Change Zimbabwe’s Future - Bitcoin Magazine - Bitcoin News, Articles and Expert Insights...