INTERNATIONAL -
Cryptocurrency
exchange
platform Golix has decided to
install a Bitcoin and Litecoin
ATM in Harare.
Zimbabwe
has a growing interest for
cryptocurrencies as well as
other countries in the region.
Zimbabwe is a country that
was not able to deal with its
own currency. The inflation
rates reached 79.6 billion
percent in 2009, the highest
in the world. The 2-way ATM
was activated in the first week
of April in order to attend the
growing demand for these
virtual currencies.
Different
countries in Africa have
decided to deploy crypto-ATMs
in their states.
At the moment,
only Zimbabwe and Djibouti
have functioning crypto cash
machines. Zimbabwe had to
switch to US dollars due to the
fact that its currency suffered
from severe inflationary
problems. Bitcoin and Litecoin
could help Zimbabwe to face
the current problems the
economy has by providing a
trustful means of exchange to
the population. The situation
is not better years after the
inflationary peak.
– Bitcoinhub