RATE Group | New Finance Chief Calls for Greater Cryptocurrency Investment in Zimbabwe
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New Finance Chief Calls for Greater Cryptocurrency Investment in Zimbabwe

19 Sep New Finance Chief Calls for Greater Cryptocurrency Investment in Zimbabwe

Posted at 04:19h in Cryptocurrency News by

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The newly appointed Zimbabwean Finance Minister is calling on Zimbabweans to invest in cryptocurrency, as the minister see this as a way out of the current crisis.

Cryptocurrency Can Solve Zimbabwe’s Currency Crisis

According to ITWebAfrica, new Zimbabwean Finance Minister, Mthuli Ncube, is urging the country’s apex bank to adopt digital currency like other countries. Mthuli believes that investing in digital currency can solve the country’s present currency crisis.

The new finance minister said that most apex banks stay away from these innovations, or take time adopting them.  Mthuli noted, however, that countries like Switzerland have wasted no time in embracing cryptocurrency.

Speaking further on the potentials that virtual currencies like Bitcoin have to offer, the finance chief said:

One can pay for travel using bitcoin in Switzerland. So, if these countries can see value in this and where it’s headed, we should also pay attention. We have innovative youngsters so the idea…

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