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Cryptocurrency may be banned in Zimbabwe, but bitcoin is helping ordinary folk make payments bank-free. It makes for a great fit for the more than 10 million Zimbabweans who lack access to basic banking services. And it’s even more beneficial to the banked few, a distrusting lot, keen to protect their savings against bank failure, … Read more
Veteran business journalist Jeffrey Gogo has joined the news desk at Bitcoin.com. Regular readers count on news.Bitcoin.com to bring them coverage from all over the world, and that world now extends to Africa – Zimbabwe to be exact. Zimbabwe as an emerging crypto market is a critical part of the continent to have on-the-ground coverage. … Read more
Africa has steadily accelerated the switch to modern technologies. But can a continent facing a crisis with antiquated banking technologies, low rate of financial inclusion, poor confidence in the banking system, and high remittance costs become the new battleground for blockchain or cryptocurrency-centred settlements? Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning … Read more
Disaster capitalism: How inflation and economic crisis are driving nations to cryptocurrencies Go to Source Powered by WPeMatico
The Golix bitcoin ATM took on obvious importance when it was first introduced in the Zimbabwean capital Harare, early April. In a country without a currency of its own, where conventional automated teller machines (ATMs) have become useless due to a severe cash crisis, the bitcoin machine was seen as the new gateway to faster … Read more
The Reserve Bank of Zimbabwe has started studying distributed ledger technology in order to deploy it in the bank’s business practices Go to Source Powered by WPeMatico
The governor of the Reserve Bank of Zimbabwe has made several statements about cryptocurrencies that attest to insufficient knowledge of the matter. The central bank, which recently banned financial institutions from working with crypto companies, now wants to study and embrace the blockchain technology that “encompasses all the cryptocurrencies.” Also read: Zimbabwe’s Golix Exchange … Read more
The different prices of bitcoin and other cryptocurrencies between countries and exchanges have led investors to seek arbitrage opportunities, a trend noticed by financial regulators around the world. Discussions are underway at the Japanese Financial Services Agency on restricting leverage. Also read: This Village Decided to Launch Japan’s First Municipal ICO Value of Bitcoin up 10% After … Read more
The Reserve Bank of Zimbabwe (RBZ) has filed an affidavit with the country’s High Court seeking to have the court uphold its decision to shut down the country’s largest crypto exchange, Golix.com. The RBZ filed the affidavit through its governor, John Mangudya, on June 8, reports local media outlet Pindula News. The country’s financial services … Read more
Crypto exchange Golix is entering three other African markets in an effort to survive the ban imposed by the central bank in its home country – Zimbabwe. Moreover, the troubled trading platform claims the move is part of a strategy to offer its services across the whole continent. Golix says the shortage of infrastructure has … Read more
