Zimbabwe to Introduce Gold-Backed Digital Currency to Stabilize Economy

Zimbabwe has struggled with economic instability for years due to hyperinflation and currency devaluation. In 2009, the country abandoned its currency and started using the US dollar instead. However, this move proved to be unsustainable, and in 2019, the government reintroduced the Zimbabwean dollar. Since then, the local unit has continued to depreciate against the…

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Decentralized Finance Takes Center Stage: A Safer Alternative Amidst Banking Failures

The recent wave of bank closures across the US has underscored the vulnerability of the traditional banking system, prompting crypto industry experts to advocate for decentralized financial infrastructure as a more secure and reliable alternative. This article delves into the reasons behind the recent banking failures, the advantages of decentralized finance (DeFi), and the necessary…

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