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Zimbabwe Finance Minister Motivate Bitcoin Investments Among Its Country’s Citizens

Adoption cryptocurrency grows more as it gains the mainstream’s attention around the world.

Africa is a known region for massive crypto adoption. Even Though, Countries like Nigeria moves against cryptocurrencies adoption. Notwithstanding, Countries like Zimbabwe set to welcome the new technology with open arms as innovation grows.

The country’s finance minister, Mthuli Ncube present at the DMCC Crypto center in Dubai was inspired reduce the cost of remitting funds.

Ncube said,
“I visited the DMCC CRYPTO CENTRE in Dubai, which is a fascinating incubation hub for crypto currency and payment solutions. Came across solutions that could lower charges for diaspora remittances.”

Meanwhile, World Bank Reveals that the Zimbabwean diaspora spends around $90Million in remittance fees.
However, This is not the first time the finance minister shows support for crypto.

Ncube motivated the citizens to “invest in understanding emerging innovations like bitcoin” years back and also advised authorities to learn from countries like Switzerland which were “investing in, and understanding bitcoin.”

While, Victor Mapunga, CEO of Flexfintx added that Zimbabwe already has many blockchain and crypto start-ups.
He commented,

Related Post – El Salvador Bought The Dip As Bitcoin Declines

“We already have blockchain and crypto companies in Zimbawe such as @Flex_Tx, work with local players.”
Many others supports The CEO by saying crypto is an hedge over inflation.

For instance, Crypto is the perfect assets via storing value that’ll solve Zimbabwe’s inflation.

Additionally, Zimbabwe continues seeing a growing influx of crypto investors amid many criticism.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.