Zimbabwe Hyperinflation could Lead to Cryptocurrency Adoption

Posted on Categories Bitcoin, Blockchain, Business, Crypto Exchanges, Crypto Technology, Cryptocurrency, General, UncategorizedTags , , , , Leave a comment on Zimbabwe Hyperinflation could Lead to Cryptocurrency Adoption

Fears of a currency crisis contagion are spreading fast. Cryptocurrency might be the answer. Venezuela, Turkey, and Iran are all facing economic crises.  Inflation is crippling.  Therefore, many are turning to cryptocurrencies for value, and as a means of exchange. It’s only increasing the likelihood of further global adoption Even Zimbabwe is experiencing one of … Continue reading “Zimbabwe Hyperinflation could Lead to Cryptocurrency Adoption”

Treat BTC the Way Switzerland Does: Zimbabwe’s Finance Minister

Posted on Categories Banking, Bitcoin, Blockchain, Business, Crypto Technology, Cryptocurrency, Law, News, Regulations, UncategorizedTags , , , , , , , Leave a comment on Treat BTC the Way Switzerland Does: Zimbabwe’s Finance Minister

The finance minister of Zimbabwe has said that the nation should embrace Bitcoin (BTC). This should be done at a state level as is the case in Switzerland. This was according to a report by the local media outlets on September 17. Mthuli Ncube referred to the Swiss Central Bank’s “investment and understanding” in BTC. … Continue reading “Treat BTC the Way Switzerland Does: Zimbabwe’s Finance Minister”

Currency Crisis are Driving Nations to Cryptocurrency

Posted on Categories Altcoin, Banking, Bitcoin, Business, Cryptocurrency, NewsTags , , , , , , , , , , Leave a comment on Currency Crisis are Driving Nations to Cryptocurrency

Fears of currency crisis contagion are spreading fast. Venezuela, Turkey, Iran and Zimbabwe are all facing economic crises.  Inflation has been crippling.  As a result, many are turning to cryptocurrencies for value, and as a means of exchange.  It’s only increasing the likelihood of further global adoption. Venezuela Currency Crises Venezuela, for example, has been … Continue reading “Currency Crisis are Driving Nations to Cryptocurrency”

Cryptocurrency Trading  Banned by Reserve Bank Of Zimbabwe(RBZ)

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The Reserve Bank of Zimbabwe (RBZ) has banned every form of cryptocurrency trading which wad shared in a circular on virtual currencies/ cryptocurrencies to all the concerned institutes on 11th May 2018.    Norman Mataruka, the Reserve Bank of Zimbabwe (RBZ) registrar of banking sent out a circular that said the central bank is taking … Continue reading “Cryptocurrency Trading  Banned by Reserve Bank Of Zimbabwe(RBZ)”