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Author Topic: [2016-11-10] Is a Financial Scam Making its Way into Zimbabwe?  (Read 137 times)
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November 10, 2016, 02:03:51 PM

Are Zimbabwe bond notes a scam?

According to Ken Yamamoto, the latest form of currency to strike Africa’s borders is nothing more than a corrupt scheme; a frivolous attempt to steal funds from impoverished families and place them in greedy pairs of government hands. Yamamoto writes:

“The people scamming you are not Robin Hoods, who stole from the rich to give to the poor. They are gluttonous perennial grabbers fattening their pockets knowing in your fear you can’t do anything.”

For the most part, Africa has been a mixed bag for currency innovation. On one hand, companies like Mint have joined with the Banque Regionale de Marches (BRM) to offer a new form of digital currency called eCFA to West African regions. Blockchain startup Custos Media Technologies has begun an anti-piracy campaign using bitcoin, and Bidorbuy (Africa’s equivalent of eBay) has begun accepting bitcoin payments.

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