Cryptocurrency may be banned in Zimbabwe, but bitcoin is helping ordinary folk make payments bank-free. It makes for a great fit for the more than 10 million Zimbabweans who lack access to basic banking services. And it’s even more beneficial to the banked few, a distrusting lot, keen to protect their savings against bank failure, inflation or even political turmoil.
How Do You Feel About Paying Rent in Bitcoin?
How would you feel about paying rent in bitcoin (BTC)? Josh from Zimbabwe’s second largest city, Bulawayo, feels great about it. “I didn’t have cash at hand, so, my landlord who is open-minded about cryptocurrency said I could pay in bitcoin,” Josh told news.bitcoin.com.
The 23 year-old unemployed psychology graduate, who mines bitcoin at a small scale, zipped 0.02281BTC to his landlord, the equivalent of US$120 at the time.