Published On: Fri, Oct 20th, 2017

Zimbabwe News – Bitcoin Selling at Twice Global Dollar Average

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Following over a decade of economic turmoil, Zimbabweans are turning to bitcoin for some financial stability. Yes, you read that correctly!  I mean, seriously, just how messed up is that? As a result, bitcoin is reportedly selling in the capital, Harare, for almost double the global average, according to TheNational.ae.
I Thought Harare was That Gorilla Meme…
From our ivory tower perched high on Crypto Mountain, we often look down at the mere mortals below. We chuckle amongst ourselves at their fiat-controlled lives, then remember the deadline we must hit on our latest ICO article.
We scurry off back to our typewriters and give no further thought to countries who generate neither headline nor paycheck… until now.
They Have Bitcoin in Zimbabwe?

Yes, of course they do. Although they don’t actually have a national currency of their own, having replaced it with the US dollar for all daily transactions back in 2009.
The problem back then was that the government ran out of money, so it couldn’t pay its civil servants, the police, and the army… and two of those groups have guns. To avoid an angry, unpaid, gun-wielding mob, …

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