Tag Archives: Zimbabwe

Dash Forms Partnership With KuvaCash to Fight Inflation in Zimbabwe with Cryptocurrency | Crowdfund Insider

Digital currency for payments Dash announced on Tuesday it has formed a partnership with KuvaCash to launch a program that is designed to solve Zimbabwe’s ballooning inflation, collapsing currency, and declining national economy. According to Dash, KuvaCash is a Dash-record $550K USD undertaking, funded directly by the Dash treasury via its unique governance model, and aims […]

Bitcoin Emerges as Crisis Currency in Hotspots Such as Zimbabwe

About a third of the customers queuing at La Maison du Bitcoin’s teller windows in Paris aren’t speculating on the value of the cryptocurrency. They’re sending digital money home to Africa. “In many countries in Africa, there are far more cellphones than bank accounts,” said Manuel Valente, co-founder of La Maison. “For bitcoin, all you […]

Bitcoin Surges in Zimbabwe After Military Moves to Seize Power

By November 15, 2017, 4:05 AM EST Bitcoin climbed as much as 10 percent on Zimbabwe’s Golix exchange on Wednesday after the country’s armed forces seized power. The price of the cryptocurrency in the Southern African nation jumped as high as $13,499, almost double the rate at which it trades in international markets, according to […]

Think bitcoin’s getting expensive? Try Zimbabwe

HARARE (Reuters) – For most investors around the world, bitcoin is a volatile and highly speculative bet. For Zimbabweans, however, the cryptocurrency seems to offer rare protection from the onset of hyperinflation and financial implosion. FILE PHOTO: People queue to withdraw money from a bank in Harare, Zimbabwe’s capital, March 8, 2017. REUTERS/Philimon Bulawayo/File Photo […]

Bitcoin Price Climbs to $12,400 in Zimbabwe

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The bitcoin price has reached record levels this week, peaking at a global average of $6,634 on Tuesday morning. Whenever bitcoin reaches an all-time high, investors who have considered purchasing bitcoin but have yet to do so lament that they should have […]

Bitcoin surges past $10,000 in Zimbabwe

The price of the digital currency has soared beyond $10,000 over the past week on Harare-based trading platform Golix, almost double the rates on major international exchanges. “The price has been high for some time and it keeps going up,” says Golix trade coordinator Yeukai Kusangaya. She expects soaring demand to drive the price even […]

Citizens of Zimbabwe Use Bitcoin to Access International Markets

Emerging Markets According to Yeuki Kusangaya of Zimbabwe-based bitcoin exchange Golix, an increasing number of Zimbabweans are adopting bitcoin as a means to access a variety of international markets. The increasing popularity of bitcoin combined with significant liquidity issues have led to heavily inflated prices in the African nation, with a single […]

Why everyone’s talking about bitcoin and Zimbabwe

Wilfred Kajese | AFP | Getty Images A man holds a two dollar Zimbabwean ‘bond note’ withdrawn in Harare, Zimbabwe on November 28, 2016. A surge in demand for digital currency in Zimbabwe has highlighted an interesting quirk in the trading of bitcoin, as well as the current economic woes the African country is facing. […]

Bitcoin highest price is in Zimbabwe, due to a forex shortage — Quartz

Harare, Zimbabwe Interest in bitcoin trade is soaring in Zimbabwe and so is the price of the crypto-currency, which hit new record highs of nearly $10 000 earlier this month in a worsening economy that the government is struggling to turn around. Late on Monday (Oct. 23) Bitcoin prices traded around $9,600 on the Golix […]

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