Zimbabwe Set to Introduce Gold-Backed Digital Currency to Stabilise Zimbabwean Dollar: Report

Zimbabwe, in a bid to keep its economy stable amid the fluctuating status of the dollar, is exploring the launch of a gold-back digital asset. Once the token is introduced, the government of Zimbabwe will allow its nationals to exchange small denominations of the Zimbabwean dollar for the digital gold token to safeguard their investments against market fluctuations.

source https://www.gadgets360.com/cryptocurrency/news/zimbabwe-gold-backed-digital-currency-stabilise-economy-dollar-dip-3976844#rss-gadgets-all

Atanu Das

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