ZIMBOCASH determined to bring alternative money to
Zimbabwe
Zimbabwe just like inflation hit Venezuela, is often cited as the most ideally placed country to adopt alternatives forms of money like cryptocurrencies adoption. However, this anticipated switch to such other forms of money has been off to a slow start.
There are a number of reasons that stop potential users from switching to such digital currencies. Some of the reasons include fear of the unknown or previous experiences with other failed projects that promised big but ultimately came short. Low internet penetration level is another challenge that stop people from adopting these new technologies.
Fintech companies hoping to tap into this market must be willing to spend more time and other resources in raising awareness as well as educating potential users. That is how ZIMBOCASH is attempting to bring this solution to Zimbabwe which has a longstanding history of currency challenges. ZIMBOCASH has been visible on the ground and has created a buzz about this novel technology.
AfricaBlockchainMedia.com reached out to ZIMBOCASH to understand more about this token, its distribution as well as its reception by some members of the public. AfricaBlockchainMedia.com asked Laswet Savadye of the ZIMBOCASH to respond to a set of questions. Below are questions and the respective responses.
Terence Zimwara (TZ): In the Zimbabwean situation, alternative currency or money affords citizens an opportunity to show their disapproval of the way the national fiat currency is being managed. In fact, cryptocurrencies in general enable that. Is this
Posted from my blog with SteemPress : https://africablockchainmedia.com/news/zimbocash-determined-to-bring-alternative-money-to-zimbabwe/2020/02/12/