Zimbabwe In Advanced Stages of Implementing Gold-Backed Digital Currency (GBDT)

Zimbabwe In Advanced Stages of Implementing Gold-Backed Digital Currency (GBDT)

The Reserve Bank of Zimbabwe (RBZ) has announced that it is in the advanced stages of implementing the Gold Backed Digital Tokens (GBDT) as a new form of currency for everyday transactions. These digital tokens, backed by gold, have been introduced with the dual purpose of strengthening the national currency and providing an alternative investment […]

Gold-Backed Digital Currency May Help Zimbabwe Hedge Against Inflation

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 […]

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