Zimbabwe's Central Bank Set to Launch P2P Platform for Facilitating Gold-Backed Digital Currency Transactions
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The Reserve Bank of Zimbabwe has said it is getting close to launching a peer-to-peer platform which will facilitate digital gold token transactions. The central bank said the launch of the platform is expected to help reduce... See more for yourself here (https://news.bitcoin.com/report-zimbabwes-central-bank-set-to-launch-p2p-platform-for-facilitating-gold-backed-digital-currency-transactions/).
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Zimbabwe's Central Bank Set to Launch P2P Platform for Facilitating Gold-Backed Digital Currency Transactions
Governor John Mangudya said the tokens have a value which is “linked to the London Bullion Market Association (LBMA).”
https://news.bitcoin.com/report-zimbabwes-central-bank-set-to-launch-p2p-platform-for-facilitating-gold-backed-digital-currency-transactions/
Not a good idea if the gold price in London gets manipulated!
But anyway: when fiat currencies collapse people turn to gold 8)