The CEO admitted to losing the keys, but says 99% of the users have received their money.
Zimbabwe’s yet-to-be-named currency targets the liquidity shortages in the Southern African country, giving the central bank monetary policy control after years of using foreign currencies.
Zimbabwe recently banned mobile cash payments, stating that they are being used to facilitate illegal activities. It’s time for the real Bitcoin.
With several foreign currencies banned by the government, cryptocurrency is providing a safe haven against inflation.
After banning several fiat currencies, cryptocurrencies might be the answer for Zimbabwe’s problems.
There has been a call for crypto education across the African cryptocurrency markets. Some startups have taken the initiatives, and hopefully, the rest will follow soon.
Cameroon seperatists are offering cryptocurrency to raise funds for their cause, and Paxful reports 17,000 transactions in Africa alone.
The year started with great promise for the cryptocurrency in Africa, and gains were made in South Africa, Nigeria, Kenya, Ghana, Zimbabwe, and Uganda.
Accepting blockchain and its technologies has not been an easy task in Africa. However, the technology is slowly making headway in the continent.
Golix, a major cryptocurrency exchange in Zimbabwe, has yet to resume cryptocurrency operations despite the High court order issued last week.