A number of factors is accelerating the demand for the digital currency, hence a premium that is almost double what the other exchanges rate is said to be trading at. One such factor is Hyperinflation
Bitcoin (BTC) reached a high in Zimbabwe today as more people look to convert their bank balances to “real money” as well as getting their money out the country.
Today on the local Zimbabwean cryptocurrency exchange, BitcoinFundi, BTC traded for as much as $7,200/BTC translating to an 85% premium based on the Coinbase price of $3,900.
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Thanks for sharing. You are right. To bring the money out of the coutry, Bitcoin is a possibel choice to do so. I follow you now. @thunderland
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Surely if they have access to the internet, and they can follow trends / prices etc of Bitcoin, they can see the market price of BTC, and be able to purchase BTC at that market price...
Crazy to pay 7k USD @ 1 BTC.....
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The @OriginalWorks bot has determined this post by @murtazasyedm to be original material and upvoted(1.5%) it!
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