[Update] ZIMBOCASH has given a response as to why payments are down

Valentine Muhamba Avatar
ZIMBOCASH, ZASH, exchange

ZimboCash has been down for more than a week and users of the platform were unable to transact during this time. We reached out to ZimboCash and they gave this response:

“We had a few scam attempts on our network. We needed to temporarily take the payments service down while we patch the scam account loophole.

We had originally been relying on cellphones as a proxy for identity – we were notified that some people were able to buy up to 150 SIM cards at a time to scam the system.

Unfortunately it always is just a few individuals who spoil it for the others.

We’re busy working on the identity alternatives.”

ZimboCash did not give a date as to when payments will resume or a time frame as to how long it will take for them to finish the upgrades.

One response

What’s your take?

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  1. axis

    this zimbocash thing just seems like snake oil. if you look at the wider picture, its really just a blockchain/crypto experiment being run on zimbabweans, by people in SA with a bigger agenda.

2023 © Techzim All rights reserved. Hosted By Cloud Unboxed