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I find it hard to believe ANYONE wants to take the other side of this and sell bitcoin for local currency. In cases like this or Venezuela, even at exorbitant p
by robk 9y ago
I find it hard to believe ANYONE wants to take the other side of this and sell bitcoin for local currency. In cases like this or Venezuela, even at exorbitant prices I can't see why anyone would want to hold the local currency.
- tmalsburg2 9y agoThe article says that there is no local currency. Zimbabwe adopted USD and SA rand some years back and the bitcoin exchange sells BTC for USD.
- robk 9y agoThen where is the inflation? 1 usd = 1 usd
- cwkoss 9y agoPeople who bought previously (and profited) and need Zim fiat would sell to people who now want to buy to preserve Zim fiat.