🚀 Attention crypto-fans! The Reserve Bank of Zimbabwe (RBZ) officially launched the gold-backed digital token called Zimbabwe Gold (ZiG) as a payment method. The objective? Persuade local investors to invest in domestic assets instead of US dollars, in a country with triple-digit inflation.
🔸 ZiG digital tokens can be stored in e-gold wallets or e-gold cards and can be exchanged in both P2P and trading transactions.
🔸 The RBZ reported various price levels for ZiG, depending on the weight of its gold reserve. You can buy 1 ounce of ZiG for $1,910 and 0.1 ounce for $191.
🔸 As of September 28, investors purchased the equivalent of 17.65kg in ZiG, paying with Zimbabwean and US dollars. The total ZiG sold since the previous rounds of digital token sales is around 350 kg of gold.
Do you think ZiG will be successful in boosting Zimbabwe's economy? Share your opinions in the comments! 💬
🔸 ZiG digital tokens can be stored in e-gold wallets or e-gold cards and can be exchanged in both P2P and trading transactions.
🔸 The RBZ reported various price levels for ZiG, depending on the weight of its gold reserve. You can buy 1 ounce of ZiG for $1,910 and 0.1 ounce for $191.
🔸 As of September 28, investors purchased the equivalent of 17.65kg in ZiG, paying with Zimbabwean and US dollars. The total ZiG sold since the previous rounds of digital token sales is around 350 kg of gold.
Do you think ZiG will be successful in boosting Zimbabwe's economy? Share your opinions in the comments! 💬