- Posted April 16, 2013 by
Zimbabwe Names Bitcoin National Currency.
- dsashin, CNN iReport producer
Reports leaking from inside source Matthew Faccenda report that President Robert Mugabe approved the ground breaking move to adopt Bitcoin as his nations national currency yesterday after a 4 hour meeting with senior advisors.
This may signal adoption by several other African nations throughout the central and southern Africa.
Press conference pending as other countries may join and make a multi-national accouncement forming a union of sorts.
The additiona competition for limited Bitcoins (market capped around 11M BTC) could push the price well over $5,000 in the next month despite recent market volatility.
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