Gold-Backed Digital Currency May Help Zimbabwe Hedge Against Inflation
Source: BeInCrypto Zimbabwe’s central bank will launch a gold-backed digital currency, the national newspaper, The Sunday Mail reports. And although technically the tokens could be considered a form of central bank digital currency (CBDC), they are better thought of as digital gold. Digital Gold as a Hedge Against Inflation The new gold-backed tokens are being issued in […]
Zimbabwe explores central bank digital currency (CBDC)
Original Source: Bulawayo24 The Reserve Bank of Zimbabwe (RBZ) says it is moving ahead with plans to create Zimbabwe’s own Central Bank Digital Currency (CBDC) on a phased approach. RBZ Governor Dr John Mangudya said the bank’s intention to explore the CBDC was pursuant to the Cabinet decision of November 2021 and “taking into account […]
Reserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor
Original Source: Bitcoin.com The governor of the Zimbabwean central bank, John Mangudya, recently said his organization “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Mangudya also revealed that two fintech startups had been admitted into the central bank’s fintech regulatory sandbox. Stakeholders’ Views Wanted Nearly six months after announcing […]