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Tag: Zimbabwe

Largest Cryptocurrency Exchange in Zimbabwe Sues the Nation’s Central Bank and Wins

Category: Bitcoin, Business, Finance, News, Regulation

Largest Cryptocurrency Exchange in Zimbabwe Sues the Nation’s Central Bank and Wins

It’s now becoming quite common for apex banks to take the law into their own hands and place blanket bans on cryptocurrencies even though they have little or no legal rights to make such drastic decisions. On May 11, 2018, the Reserve Bank of Zimbabwe (RBZ) barred citizens from owning, trading or transferring bitcoin. The country’s cryptosphere refused to go…

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Reserve Bank of Zimbabwe Bans the Country’s Only Monetary Hope: Bitcoin

Category: Bitcoin, Finance, Guides, News, Regulation

Reserve Bank of Zimbabwe Bans the Country’s Only Monetary Hope: Bitcoin

Although bitcoin is widely-regarded as a lucrative investment vehicle, and it is easy to forget the original function of the pioneer cryptocurrency; that of being a decentralized store of value. While bitcoin’s potential may not be fully realized by first world speculators, citizens of countries with weak economic systems have much to fear when their authorities decide to ban the…

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BitMari Successfully Performs First Lightning Network Transaction

Category: Bitcoin, Finance, News

BitMari Successfully Performs First Lightning Network Transaction

A Zimbabwean startup, BitMari, has successfully performed a bitcoin Lightning Network test transaction with Tanjalo, a platform for bitcoin trading in Nigeria. This achievement marks a milestone for payments in Africa as users of this platform should expect lightning fast and extremely low fees on bitcoin transactions. Cross-border Payments Easier With Lightning Network Zimbabwe is a country that over the…

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New Bitcoin ATMs Deployed in Washington DC and Zimbabwe

Category: Bitcoin, Business, Finance, News

New Bitcoin ATMs Deployed in Washington DC and Zimbabwe

Coinsource, a bitcoin teller machine (BTM) network, announced on April 12, 2018, a deployment of 20 BTMs in the Washington, D.C. metropolitan area. The bitcoin ATM network will have a total of 182 Coinsource machines in 18 states. Zimbabwean cryptocurrency exchange Golix will also be installing a BTM. Unlike Coinsource, Golix’s BTM will be the first in Zimbabwe. “We are…

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Bitcoin Acts as a Glimmer of Hope for Zimbabwe’s Failing Economy

Category: Bitcoin, Business, News

Bitcoin Acts as a Glimmer of Hope for Zimbabwe’s Failing Economy

Zimbabwe is once again finding itself in a disastrous economic situation as the country is suffering from the worst drought in 35 years and an acute shortage of cash to uphold an already fledgling economy. BTCManager reported on November 30 that, in an attempt to provide some stability in Zimbabwe’s economic system, President Mugabe’s cabinet introduced a new currency called…

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