Zimbabwe’s Foreign Currency Ban Spurs Demand for Cryptocurrency
|07/18/2019||Posted by BusinessMediaguide.Com under General World News||
Zimbabwe’s ban on foreign currency, and the nation’s record inflation, has spurred demand for cryptocurrencies like bitcoin to try to preserve wealth. Zimbabwean authorities last year banned banks from processing bitcoin and is warning that cryptocurrencies are open to hacking. Columbus Mavhunga reports from Harare.