Zimbabwe Doesn’t Have Its Own Currency and Bitcoin Is Surging
- Cryptocurrency rises as high as $13,499 on local exchange
- Bitcoin sales climbed to more than $1 million in past month
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Bitcoin climbed as much as 10 percent on Zimbabwe’s Golix exchange on Wednesday after the country’s armed forces seized power.
The price of the cryptocurrency in the Southern African nation jumped as high as $13,499, almost double the rate at which it trades in international markets, according to prices cited on Golix’s website. It traded at $13,010 by 3:34 p.m. in Harare, the Zimbabwean capital.