On October 5th, Zimbabwe launched its gold-backed digital token, Zimbabwe Gold (ZiG), as an official payment method, according to the Reserve Bank of Zimbabwe (RBZ). The RBZ introduced this project in April 2023, aiming to back each digital token with physical gold from its reserves. The tokens can be stored in e-gold wallets or e-gold cards and are usable for various transactions.
Zimbabwe turns gold-backed digital token into payment method
