Bitcoin is replacing cash in Zimbabwe due to lack of cash in the country

Signal of change / Bitcoin is replacing cash in Zimbabwe due to lack of cash in the country

By Joy Green / 25 Oct 2017

Bitcoin is replacing cash in Zimbabwe as the economic crisis there takes a new turn (cash-rationing)... businesses are now turning to it to pay their bills.

 

Bitcoin Price Nears $10,000 in Zimbabwe Due to a Lack of Cash in the Country

According to TheNational.ae, bitcoin adoption in Zimbabwe is seemingly skyrocketing as the country's economic situation looks bleak. So much so, that one bitcoin is trading at nearly $10,000 on the Golix.io exchange, while the global average is, at press time, of $5,642.0



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What might the implications of this be? What related signals of change have you seen?

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