Cryptocurrency exchange platform Golix has decided to install a Bitcoin and Litecoin ATM in Harare.
- Is Robert Mugabe Converting Stolen Billions to Bitcoins ?
- Zimbabwe’s Central Bank Engages Bitcoin Players to Try And Understand How The Cryptocurrency Operates
- Bitcoin Is Not Actually Legal,Says Zimbabwe Central Bank Chief
- Zimbabweans Turn to Bitcoin As Local Dollars Collapse
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.
– Bitcoinhub
1 Comment