Post
Topic
Board Tokens (Altcoins)
Re: [ANN] ZIMBOCASH - The first on-the-ground cryptocurrency network for a nation
by
cabron
on 31/05/2020, 21:14:58 UTC
So we also have Digital Yuan. Was that already used in China? They have Alipay and Wechat already, is this one a crypto?
No news about if it's a crypto or not but they want a decentralized, traceable digital currency, maybe crypto but if not, then it's still a good stunt to popularize crypto to institutions.

Check Forbes Content About the Digital Yuan HERE
I see. Thank you for your generous response.

This ain't launched yet but gained a lot of noise because it is from a big country like China, whereas Zimbocash is here and serving Zimbabwe citizens so maybe that is an advantage, though they are not in the same path I think

I think it will still work the same once this experiment works Zash will still be able to use just like Digital Yuan but the country however isn't stable like China. This country is in the middle of the continent, squeezed tight without shoreline which is why it's dependent on neighboring countries in terms of moving products unlike China that owns the South China Sea.

All these will still be considered an experiment though. They would have to work hard to make it work.


when exactly is the launching of ZimboCash in Zimbabwe? are they partnering with merchants or companies that will integrate Zimbocash as payment? because if they are aiming to cater the people from Zimbabwe, they need to collaborate with local shops or merchants. also, they can tie up with crypto exchanges used by the locals like coinmama.
yes I agree with you, support from local residents is very important, if they have mastered their local, and it has become their initial capital to launch it in public

I have no idea about the team partnering up with local merchants but it would make sense if they do so that the coin will have its use for the public otherwise its just going to make it less valuable and useless to the people. But its hard to quickly do this.

They may start first with online remittance or probably even a gambling dapps accepting the coin to kick start.