Banks in Zimbabwe may offer loans using the newly released gold-backed digital tokens as collateral.
The digital money that the central bank envisages as eventually being used in day-to-day transactions will compel lenders “to enable a third currency in their systems” in order to facilitate payments, the Bankers Association of Zimbabwe said in an emailed response to questions on Thursday.
Read More : Zimbabwean Banks Explore Offering Loans Supported by New Digital Currency