![Reserve Bank of Zimbabwe One hundred trillion Zimbabwean dollar bill](https://coingeek.com/wp-content/uploads/2024/04/ReserveBanksZimbabwe-380x188.webp)
Zimbabwe launches new gold-backed currency, but age-old challenges remain
It was the U.S. dollar and South African rand, and then Zimbabwe switched to a USD-backed bond note, then the Zim dollar, and now, it’s ZiG, as woes continue.
It was the U.S. dollar and South African rand, and then Zimbabwe switched to a USD-backed bond note, then the Zim dollar, and now, it’s ZiG, as woes continue.
After launching its tokenized gold for institutional users in November 2023, the bank is now expanding the HSBC Gold Token to retail users in Hong Kong.
While the narrative about BTC being digital gold continues, one major thing that debunks this is its inability to have real productive value and utility, thus offering no contribution to the world.
Other participants include the Shanghai Financial Exchange International Board and the Bank of China (Hong Kong), with participants pledging increased usage of the digital yuan for international transactions.
The mind behind TroyMoney, Garett Krause, talked to CoinGeek Backstage about why he chose BSV blockchain and why TroyMoney isn’t 'crypto' and doesn’t trade on exchanges.
On the latest CoinGeek Roundtable episode, Joshua Henslee talks to Garrett Krause, James Belding, and Eli Afram about tokenizing gold on the BSV blockchain.
The line distinguishing money from currency has become blurry as fiat pushes itself to become both, leading to the rise of the "digital gold" narrative, which does not uphold the purpose of Bitcoin.
WorldVest and Tokenized's TroyMoney offers investors an alternative for capital preservation through currencies backed by gold and other precious metals minted on the BSV blockchain.
A bill that sailed through the House wants North Carolina to experiment with gold and digital assets to hedge against inflation and systemic credit risks.
A new initiative introducing gold and other precious metals as a monetary system through blockchain technology is set to be launched by WorldVest, opening a pathway to revitalize the fiat currency.
Fresh off his inspired presentation at the London Blockchain Conference, economist Peter Schiff talked about how BTC has leveraged the greater fool theory to the top but says a big crash is coming.
Peter Schiff joined CoinGeek TV at the London Blockchain Conference to discuss whether we will turn to a gold standard as confidence in fiat wanes, his never-ending battles with BTC maxis, and more.