Bitcoin recently reached what could be an all-time high of $7,200 on Japanese 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 Japanese consumers to pay for imported goods such as Zimbabwean 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.
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.