News about ZIMBABWE

News about Zimbabwe

Bitcoin: Zimbabwe to launch gold-backed digital currency - Will it be ... - Crypto News Flash

Bitcoin: Zimbabwe to launch gold-backed digital currency - Will it be ...& & Crypto News Flash

Zimbabwe to issue gold-backed digital currency to save local currency

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...

Zimbabwe to Introduce Gold-Backed Digital Currency: Report

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Zimbabwe's central bank to issue gold-backed digital currency: Report

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...

Zimbabwean Blockchain Startups Launch Service to Help Migrants Efficiently Move Funds Across Borders

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...

Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central Bank

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...

Why is Zimbabwe Champion of Inflation?

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A reminder of why we like this stuff so much. Bought a stack of Zimbabwe currency as a gag gift a few years ago. I like storing these together

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Bitcoin House & School in Zimbabwe

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My biggest question: when BTC reaches $100k - $1m/BTC (if the many predictions are correct) What will the value of that $100k - $1m be? will it still buy me a really nice house or just a cheeseburger at McD's? i.e. Zimbabwe

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Zimbabwean Central Bank Launches CBDC Consumer Survey

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...

Report: Zimbabwe Proceeding With Digital Currency Plans, Central Bank Undeterred By Slow Adoption of Nigerian CBDC

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...

Zimbabwe draws on Nigeria lessons in crypto currency plans

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Report: Zimbabwe Tertiary Learning Institution Developing Central Bank Digital Currency

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...

When Hyperinflation Rhymes With Chaos - The Story of Zimbabwe With Inflation of 231,000,000% in 2008 - A reminder of why the world needs Bitcoin.

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Hit by 257% inflation, Zimbabweans turn to gold coins - MarketWatch

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Bitcoin Could Solve Zimbabwe’s Hyperinflation Problem – Instead, The Country Is Telling Impoverished Citizens To ‘Just Buy Gold’ - Forbes

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...

Zimbabwe Central Bank: Gold Coin Sales to Commence in Late July

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...

Zimbabwe Will Issue Gold Coins To Control Inflation. Why Don’t They Use BTC?

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...

Proof Of Resilience — Zimbabwe Can Use Bitcoin To Change Its Future - Bitcoin Magazine

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...

Proof Of Resilience — Zimbabwe Can Use Bitcoin To Change Its Future

Bitcoin Can Change Zimbabwe’s Future - Bitcoin Magazine - Bitcoin News, Articles and Expert Insights...

Zimbabwe to start selling gold coins as local currency falters

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Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value

After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central bank said it will introduce gold coins whi...

Bitcoin in Zimbabwe: Importing cars and sending money to family

Bitcoin (BTC) is a tool for freedom and economic empowerment. For one young Zimbabwean, Ovidy, it turned his life around when he returned to his home country at the onset of the COVID-19 pandemic. An entrepreneur who first learned of Bitcoin while li...

Zimbabwean Founded Blockchain Start-up, FlexID Technologies Receives Funding From Algorand Foundation

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