Search content
Sort by
Showing 4 of 4 results by Violet_Imps
As you may know, the African continent's banking network is not yet sufficiently developed (it is estimated that 135 million people in Africa have no bank accounts)
This is an opportunity to develop Africa by basically 'banking the un-bankable' and tapping into the potential investors that African has.
My main reason for buying Bitcoin is for a rainy-day situation where/if the fiat currency crashes, like Wall Street. At least I will have some money put away that it not affected by fiat fluctuations.
https://www.iol.co.za/business-report/international/cryptocurrency-atm-installed-in-zimbabwe-14459889
INTERNATIONAL - Cryptocurrency exchange platform Golix has decided to install a Bitcoin and Litecoin ATM in Harare.
Zimbabwe has a growing interest for cryptocurrencies as well as other countries in the region.
Zimbabwe is a country that was not able to deal with its own currency. The inflation rates reached 79.6 billion percent in 2009, the highest in the world. The 2-way ATM was activated in the first week of April in order to attend the growing demand for these virtual currencies.
Different countries in Africa have decided to deploy crypto-ATMs in their states.
At the moment, only Zimbabwe and Djibouti have functioning crypto cash machines. Zimbabwe had to switch to US dollars due to the fact that its currency suffered from severe inflationary problems. Bitcoin and Litecoin could help Zimbabwe to face the current problems the economy has by providing a trustful means of exchange to the population. The situation is not better years after the inflationary peak.
INTERNATIONAL - Cryptocurrency exchange platform Golix has decided to install a Bitcoin and Litecoin ATM in Harare.
Zimbabwe has a growing interest for cryptocurrencies as well as other countries in the region.
Zimbabwe is a country that was not able to deal with its own currency. The inflation rates reached 79.6 billion percent in 2009, the highest in the world. The 2-way ATM was activated in the first week of April in order to attend the growing demand for these virtual currencies.
Different countries in Africa have decided to deploy crypto-ATMs in their states.
At the moment, only Zimbabwe and Djibouti have functioning crypto cash machines. Zimbabwe had to switch to US dollars due to the fact that its currency suffered from severe inflationary problems. Bitcoin and Litecoin could help Zimbabwe to face the current problems the economy has by providing a trustful means of exchange to the population. The situation is not better years after the inflationary peak.
That's great! We have over 300 here in California, which gets crypto out there and makes it tangible for those like me who feel the need to have something to show for it.
Super excited for Zimbabwe!