Economist suggests Bitcoin for Zimbabwe

Share on Facebook

Tweet on Twitter

Economist suggests Bitcoin for Zimbabwe

Sage X3 provides complete financial, personal, cost and budget accounting as well as commitments and fixed assets management. Download the solution capabilities guide

P-Tron is seeking reputable dealers/resellers to distribute advanced security solutions throughout Africa

Meet your clients’ needs and expectations while maintaining a profit with Sage X3 Service Options. Download the solution capabilities guide

Economist suggests Bitcoin for Zimbabwe.

Bitcoin could be the solution for Zimbabwe’s currency woes suggests economist Philip Haslam, co-author of When Money Destroys Nations, a book about regular people in Zimbabwe who lived through hyperinflation.

Though his assertion is not new, it is one of the first to come from someone who has researched the consequences of money printing as an aspect of the country’s hyperinflation.

‘If Zimbabwe establishes a privatised bitcoin national currency, if the market naturally went to a Bitcoin type currency, as other currencies around the world indicate weakness with money printing happening, you’d have a whole lot of currency flowing into Zimbabwe,” Haslam says in a piece by an Institute of Security Studies

Read more ... source: TheBitcoinNews




Previous articleBitcoin Futures Might Be Coming Soon
Next articleBitcoin’s Calm before a Storm?

Let's block ads! (Why?)

Powered by Bitcoin Central