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Topic: Banks do not control my bitcoins - Zimbabwe News! - page 4. (Read 434 times)

legendary
Activity: 3374
Merit: 1824
So, everyone should already have heard that Zimbabwe has issued a new currency, because most of us look at Zimbabwe as an example of what goes wrong with Fiat currencies when they fail.  Wink

The problem is that they have a huge shortage of the new currency, so people are only allowed to withdraw a limited amount of it and then there are already people selling it on the street at a premium to people that desperately need it.

So imagine this, you rock up at the ATM and you want to draw $500, but all the ATMs tells you that you can only withdraw a maximum of $100 per day.  Tongue

Luckily for us Bitcoiners, nobody can tell us how much we can use, because we control our own currency.  Wink This is just another reminder of what true Financial freedom are supposed to be.  Grin

https://www.businesslive.co.za/bd/world/africa/2019-11-12-zimbabwes-new-banknotes-run-out-within-hours-of-introduction/

https://www.fin24.com/Economy/Africa/long-qeues-form-in-harare-as-zimbabwe-releases-new-bank-notes-coins-20191112

Do you live in Zimbabwe?
Can you use btc to buy something?
Do you have btc ATMs or exchange offices where you can exchange btc to fiat?
What about taxes?
It will be great if your local people can directly spend btc instead of waiting to get fiat money.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
So, everyone should already have heard that Zimbabwe has issued a new currency, because most of us look at Zimbabwe as an example of what goes wrong with Fiat currencies when they fail.  Wink

The problem is that they have a huge shortage of the new currency, so people are only allowed to withdraw a limited amount of it and then there are already people selling it on the street at a premium to people that desperately need it.

So imagine this, you rock up at the ATM and you want to draw $500, but all the ATMs tells you that you can only withdraw a maximum of $100 per day.  Tongue

Luckily for us Bitcoiners, nobody can tell us how much we can use, because we control our own currency.  Wink This is just another reminder of what true Financial freedom are supposed to be.  Grin

https://www.businesslive.co.za/bd/world/africa/2019-11-12-zimbabwes-new-banknotes-run-out-within-hours-of-introduction/

https://www.fin24.com/Economy/Africa/long-qeues-form-in-harare-as-zimbabwe-releases-new-bank-notes-coins-20191112
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