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The Reserve Bank of Zimbabwe (RBZ) is in the advanced stages of launching a gold-backed digital currency for everyday transactions. The post Zimbabwe Prepares for Launch of Its Gold-Backed Digital Currency appeared first on BeInCrypto.

Zimbabwe’s financial authorities ignored IMF’s warnings and launched the sale of gold-backed digital tokens. Last year, the country successfully issued physical gold coins, which sold like hotcakes.

A wallet holding a large amount of bitcoin that has been dormant for several years has suddenly come back to life. There is a debate on crypto-twitter about the reasons for that—here is a digest of the top news stories of the week. Bitcoin’s...

The Reserve Bank of Zimbabwe (RBZ), the central bank of the Republic of Zimbabwe, plans to introduce a gold-backed digital currency as legal tender in an effort to stabilize the country’s currency, the Zimbabwean dollar, according to The Sunday...

Domestic currency stability The Reserve Bank of Zimbabwe (RBZ: central bank) will soon introduce a gold-backed digital currency to stabilize its currency, local media The Sunday Mail reported. RBZ introduces gold-backed digital currency...

In a bid to tame inflation, the Reserve Bank of Zimbabwe (RBZ) is set to launch a new gold-backed digital currency. The post Gold-Backed Digital Currency May Help Zimbabwe Hedge Against Inflation appeared first on BeInCrypto.

Financial institutions have been increasingly keen on being part of the booming $2 trillion cryptocurrency market, with over 13 of the world’s largest banks pushing roughly $3 billion in funding so far, into cryptocurrency. The latest major news...