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The Reserve Bank of Zimbabwe (RBZ) announced the transformation of the Gold-backed Digital Token into a payment method.
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Zimbabwe is looking to persuade local investors to finance national assets despite American dollars, permitting both physical and digital coins.
Cryptocurrency, a digital asset stored on blockchain technology, expanded its roots worldwide and Zimbabwe is no exception. The potential of decentralized finance melted Zimbabwe’s heart and made the country enter the ocean of cryptocurrency. The launch of a Gold-backed digital token under the name Zimbabwe Gold (ZiG) and the issuing of the token as a legal tender showcase the devotion of Zimbabwe towards digital assets.
Continuing the chain, RBZ made a new announcement related to Gold-backed Digital Token on October 5.
What is RBZ Actually Cooking?
A piece of news from RBZ’s office on October 5, filled the local investors of Zimbabwe with joy. The announ
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