Zimbabwe’s finance minister, Mthuli Ncube was recently at the DMCC Crypto center in Dubai where he was inspired by solutions to lower the cost of remitting funds. Ncube noted, “I visited the DMCC CRYPTO CENTRE in Dubai, which is a fascinating incubation hub for crypto currency and payment solutions. Came across solutions that could lower charges for diaspora remittances.”

This was not the first time the finance minister has supported crypto. A couple of years back, Ncube had urged the citizens to “invest in understanding emerging innovations like bitcoin” and also told authorities to mimic countries like Switzerland which were “investing in, and understanding bitcoin.” He stated,“We already have blockchain and crypto companies in Zimbawe.”

By Amy Liu