Zimbabwe and regional technology news and updates



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Mastercard to accept cryptocurrency payments this year

Mastercard has followed in Visa and PayPal’s footsteps with the announcement that it will be accepting cryptocurrency payments this year.

Bitcoin hits US$32K as the surge continues into 2021

It took Bitcoin 10 years to cross the US$20K mark but the crypto has surpassed that and more as it now stands at US$32K as the surge continues.

ZSE & VFEX open to the idea of listing cryptocurrencies in future

The Zimbabwe Stock Exchange CEO Justin Bgoni recently revealed that in the long-term they plan to list cryptocurrencies on the ZSE and the Victoria Falls Stock Exchange (VFEX). As part of our long term strategy, the ZSE is open for bitcoin and cryptocurrencies to be listed on the bourse subject to regulatory approvals. We think […]

ZIMBOCASH breaks silence on payment gateway

It’s fair to say, 2020 has been an eventful year for most if not all of us. COVID-19 and all its associated impacts are more than enough burden. For ZIMBOCASH however, they have had to deal with a triumphant launch that quickly turned into an emergency situation and for a few months now deafening silence. […]

ZIMBOCASH says they had stopped payments to counter scammers

ZIMBOCASH account holders have been unable to transact using the digital currency for over a week and a half now. Earlier today ZIMBOCASH sent an email out to the subscribers explaining the cause of downtime. It seems scammers who were creating multiple accounts were the main reason why ZIMBOCASH decided to hault payments. The email […]

ZIMBOCASH shares more details regarding marketplaces, merchant on-boarding and their mobile app

A week and a half ago, ZIMBOCASH announced that they had enabled peer-to-peer (P2P) transactions and in two days they managed to get 13 000 transactions. In addition to the number of transactions, their press statement also noted that a number of people where using the digital currency to transact on marketplaces that were popping […]

ZIMBOCASH activates payment platform – 13 000 transactions in first 48hrs

A month ago, ZIMBOCASH (ZASH) listed their cryptocurrency on Bithumb Global. In our article on the listing, one of the questions we raised was where people getting the crypto would actually use the currency. A press release from ZASH yesterday suggests they are taking strides to address that. On Monday, ZIMBOCASH enabled peer-to-peer payments using […]

UNICEF avails 100k funding opportunity for blockchain startups

The UNICEF Innovation Fundis looking to makeup to $100K equity-free investments (in USD and/or cryptocurrency) to provide early stage (seed) financing and mentoring to for-profit technology startups that have the potential to benefit humanity.   Applicants have the opportunity to receive a portion of funding in cryptocurrency (bitcoin or ether) through their recently launched CryptoFund. Given the current global […]

Telegram Abandons Blockchain Project Due To Regulatory Pressure

[Image Source: Telegram Channel] Last August, we reported Telegram’s plans to launch a cryptocurrency. Well, all of that has gone down the drain because of a fight with regulators. Telegram’s founder Pavel Durov announced that they would be abandoning the US$1.7 billion dollar project because of the messaging company’s ongoing legal standoff with the Securities […]

Fintech Partnering With Zimbabwean Bank To Issue Gold-Backed Digital Currency Shares More Details

A few weeks ago, we reported on the then-impending agreement between Apollo Fintech and the government on what we were hearing would be a gold-backed digital currency. Since publishing that story we’ve stayed in touch with Apollo Fintech patiently waiting for any update they had on that front and they’ve finally shared a bit more […]

Zim Government To Partner With Fintech To Issue Gold-Backed Digital Currency

There’s a widespread belief that the Zimbabwean government along with other African states will be announcing Apollo Fintech as their partner in launching digital currencies. Rumours are the coin will be gold-backed and the CEO of Apollo Fintech recently confirmed they are working with a country on a gold-backed coin: We have gotten a large […]

Vodafone Withdraws From FB’s Libra Association To Focus On M-Pesa

Following Facebook’s announcement of Libra, there was a brief honeymoon phase where crypto and tech enthusiasts celebrated the coming of this digital currency which would leverage Facebook’s digital footprint of 2.45+ billion users. Fast forward 7 months and that enthusiasm has died down. A number of Libra association members have stepped down with Vodafone being […]

Over US$11 Billion Has Been Hacked In Crypto Exchanges Since 2011

When the merits of cryptocurrencies are raised one point which is heavily stressed is the fact that these digital currencies remove the need for banks. Whilst this is attractive (more so if you’re Zimbabwean) very rarely do evangelists of cryptocurrencies speak about how the removal of financial institutions and by extension authorities meant to protect […]

More Details Regarding China’s Digital Currency Emerge

The People’s Bank of China recently confirmed that the development of its digital currency is “progressing smoothly”. Though the central bank didn’t offer any other detail like a launch date or how the currency will co-exist with mobile money – already a big deal in China. A number of details have been recently shared by […]

Golix CEO Breaks Silence

It’s been a pretty eventful week for Golix since we asked whether or not Golix had finally given customers access to their cryptos and fiat. That story resulted in a number of sources revealing to us information that the Golix CEO – Tawanda Kembo- refused to openly discuss with us despite reaching out to him […]

Belgium’s Regulator Releases List Of Over 100 Shady Cryptocurrency Platforms

The Financial Services and Markets Authority (FSMA) of Belgium has issued a another warning to the public about ‘scammy’ cryptocurrency exchanges. In a new warning to consumers, the FSMA has updated its list of scam digital currency exchanges and related companies. FSMA mentions that fraudsters are using cryptocurrencies to “swindle consumers.” So the list provided […]

Did Golix Ever Process Customers’ Withdrawals?

When Golix’s tussle with the Reserve Bank began last year, one would have assumed that since the RBZ initially announced Golix would have a 60-day pardon to give the exchange an opportunity to move tokens stuck in the exchange and an opportunity to withdraw funds customers would no longer be complaining. Unfortunately, that’s not the […]

VISA & Mastercard No Longer As Enthusiastic About Being Part Of Facebook’s Libra Crypto

It’s well documented that since the announcement of Libra a few months ago, very few political leaders have come out in support of the idea. If anything most political leaders are pretty apprehensive about leaving Facebook to go ahead with plans to form a global cryptocurrency unchecked. These political uneasiness has spread to partners of […]

Ugandan Government Warns Citizens To Avoid Cryptos

African governments are often derided for their use of applying similar methods (which are ineffective most times) when faced with problems. Like many-an-African government Ugandan leadership has come out and warned citizens against use of cryptocurrencies. The Finance Minister in Uganda has declared that the government doesn’t recognize cryptocurrencies and won’t be held responsible if […]

$1 Billion Dollars In Bitcoin Mysteriously Moved To One Unidentified Crypto Wallet

Last week, a cryptocurrency whale (a collection of large scale Bitcoin owners) moved 94,504 Bitcoin, worth over one billion dollars. This huge number made cryptocurrency headlines, as investors and investigators speculated where the Bitcoin (BTC) came from and who owns it. According to Twitter-based Whale Alert, the transaction did not involve known wallets or those […]

Former FNB CEO Suggests Zimbabwe Adopt A Stable Cryptocurrency

Michael Joordan who used to be the CEO of FNB recently spoke of Zimbabwe’s ever-rising inflation and what the country can do to address these problems. Joordan blamed the government and its bad choices for putting the poor in a compromising position: Inflation forces the poor to spend their income on basic necessities such as […]

Employees Arrested For Using Nuclear Power Plant To Mine Cryptocurrency

Crypto mining has had an upward trend with many users taking advantage of easily accessible power to mine cryptocurrency and earn a few coins. But it has led some to turn to unlikely power sources. As for Ukraine, its South Ukrainian Nuclear Power Plant found a new use for some officials working on the plant. […]

China’s Digital Currency Is Nearly Ready

The People’s Bank of China (PBOC) has been working on a digital currency for the past five years and it seems it’s around the corner. The currency won’t rely entirely on the blockchain that forms the backbone of cryptocurrencies since it failed to deliver the throughput needed for retail (something we know has affected a […]

Facebook’s Libra Won’t Be Introduced In Countries That Ban Crypto’s Or Are Under US Sanctions

Whilst it looks like Facebook will have to deal with some regulatory hurdles before rolling out, another stumbling block will be the country’s attitude towards cryptos and whether or not that country is under sanctions. Techcrunch spoke to a Calibra spokesperson who cited that sanctions and hostility towards cryptos is a no-no: The Libra Blockchain […]

Calibra -Crypto Wallet- For Storing Facebook’s Libra Currency Coming In 2020

Facebook unexpectedly announced their digital currency -Libra- yesterday. Whilst there are many details regarding the currency itself, the crypto wallet for holding Libra hasn’t gotten as much coverage. Calibra is said to be launching in 2020 and the website suggests that it will be integrated with other Facebook apps, namely WhatsApp and Messenger. It’s not […]

Crypto Exchange Investors Lose $190m After Death Of Exchange Founder

The death of the founder of QuadrigaCX – the largest Canadian cryptocurrency exchange- last December is proving to be as expensive as it was unfortunate. It’s estimated the founder died with the only encryption key to the exchange’s $190m. If a court filing by Jennifer Robertson -widow to the deceased- is to be believed then […]

Facebook Working On Cryptocurrency To Make Payments On WhatsApp

I think it’s safe to say that Facebook’s u-turn on cryptos is now complete. Earlier this year when the crypto craze was in full effect Facebook actually banned Crypto advertising on their platform. Months later it turns out Facebook themselves will be making their own crypto. What? Yuhp, Facebook is making their own crypto that […]

Another Cryptocurrency Startup Launches in Zimbabwe: ZimboCash

Although the central bank, the Reserve Bank of Zimbabwe (RBZ) succeeded in banning cryptocurrency trading, they failed to kill the cryptocurrency fanatic’s spirit, or rather their entrepreneurial spirit. Now a certain start-up has upstaged ‘RBZ’s ban’ by launching a cryptocurrency called ZIMBOCASH. Obviously, that’s much to the chagrin of the RBZ. Here is their press […]

HIT To Host University Blockchain Summer School On The 9th of November

Harare Institute of Technology is partnering with XinFin – a global open source Hybrid Blockchain protocol/platform to make the Univeristy Blockchain Summer School on The 9th of November. The summer school will cover a cryptocurrency lecture – cryptos did put blockchain on the map after all. There will also be a blockchain 101 along with […]

Is the Zimbabwean Central Bank Finally Warming Up To Cryptocurrencies?

In a surprising turn of events, it seems the RBZ is finally warming up to cryptos.  It took the President appointing a new Minister of Finance and said Minister of Finance stating his affinity for cryptos, but here we are. Mangudya was one of the officials who recently travelled to the US and during a […]