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20 September 2021

Zimbabwean Minister Says Cryptocurrency Based Solutions 'Could Lower Charges for Diaspora Remittances' – Fintech Bitcoin News

Zimbabwean Minister Says Cryptocurrency Based Solutions 'Could Lower Charges for Diaspora Remittances' – Fintech Bitcoin News


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The Zimbabwean minister of finance, Mthuli Ncube, has once again talked up the potential advantages of using cryptocurrencies.

Prior to making these remarks about cryptocurrencies, Ncube has previouslyurged Zimbabwe to “invest in understanding emerging innovations like bitcoin.” At the time, Ncube, who had just been appointed finance minister, told Zimbabwean authorities to emulate countries like Switzerland which he said were “investing in and understanding bitcoin.”.

Still others like Victor Mapunga, CEO of Flexfintx, are quick to remind the minister that Zimbabwe already has enough blockchain and crypto start-ups.

Meanwhile, a report by Techzim concludes that the minister, who tweeted about DMCC Crypto Centre right after the tour, is in fact not aware that Zimbabwe already has start-ups that offer similar solutions?

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