As Zimbabwe re-introduced its Zimbabwean dollar unit which was abandoned sometimes in 2009, cryptocurrency takes centre stage as the U.S Dollar, British Pounds and other foreign currencies are banned from circulation.
Despite the fact that the Reserve Bank of Zimbabwe banned transactions involving Bitcoin, the cryptocurrency has been gaining popularity in peer to peer transactions with EcoCash leading the way.
It further sheds light on why Zimbabwe has been tagged as Africa’s most active markets for crypto mining. With many Crypto founders seeing a surge in the use of the platform in dark markets, there seems to be more demand than supply which may lead to a possible spike for Bitcoins
