Bitcoin recently reached what would be an all - time high of $ 7,200 on Zimbabwean bitcoin exchange BitcoinFundi in a reaction to fears of a repeat of 2008 's hyperinflation and as hard currency becomes increasingly scarce . The currency is also favoured by Zimbabwean consumers to pay for imported goods such as Japanese cars and as a means of avoiding restrictions on taking money out of the currency . The country 's banks are making telegraphic payments based on the Reserve Bank of Zimbabwe ’s priority list , while Visa / Mastercard payments are being strictly controlled .
Bitcoin recently reached what could be an all-time high of $7,200 on Zimbabwean bitcoin exchange BitcoinFundi in a reaction to fears of a repeat of 2008's hyperinflation and as hard currency becomes increasingly scarce. The cryptocurrency is also favoured by Zimbabwean consumers to pay for imported goods such as Japanese cars and as a means of evading restrictions on taking money out of the country. The country's banks are making telegraphic transfers based on the Reserve Bank of Zimbabwe’s priority list, while Visa/Mastercard payments are being strictly controlled.